BIZCHINA / Background
About CVCF
Updated: 2006-03-20 14:02
The United States, Europe, Israel, India, and South Korea witnessed the
rapid development of their innovative economies in the past decade, which
in turn bolstered GDP growth. The experience of these countries shows
that venture capital has been playing a critical role in the process. In
China, venture capital also saw a substantial development in the past
decade, and since 1999 innovative start-ups have attracted over 36
billion yuan from domestic and international investment institutions. As
of July 2005, over 40 companies with venture capital have been listed on
the SME board of the Shenzhen Stock Exchange, the GEM of the Hong Kong
Exchange, and the NASDAQ, with a capitalization of over 20 billion yuan,
which has promoted the development of China's innovative economy,
especially the development of the high-tech sector.
However, China's venture capital industry has met great difficulties and
challenges in its development. Most of the local venture capital
institutions are facing poor policy environment, imperfect systems, and a
low level of specialization, marketization and internationalization.
International venture capital institutions are frustrated by China's
policies in their operations in this emerging market. To overcome these
difficulties and obstacles, policy makers, domestic and international
venture capitalists, intermediaries, and experts must work together to
improve China's policy environment, system and exit channels for venture
capital through reform and innovation, and to start a new chapter in the
development of China's venture capital industry.
The Forum will centre around such important topics as "China's Local
Venture Capital: Its Reform and Way Out", "Venture Capital and Regional
Development of Innovative Economy", "Policy and Legal Environment of
China's Venture Capital: The Latest Developments and Applications",
"Domestic and International LPs Facing China's Emerging Venture Capital
Industry", "Globalization Strategy for Venture Capital and Opportunities
for China", "Status Quo and Future of China's Private Equities", and
"2006 Mega Trends of China's Venture Capital Industry". Through in-depth
analysis and interactive exchanges, the Forum will allow participants to
keep abreast of the process and trends of global venture capital
developments, and to understand the direction of China's macro-investment
policies. The Forum will also focus on hot industries and high-growth
projects to support the sustainable development of growth enterprises and
open the door for SMEs to international capital markets.
The China Venture Capital Forum is an annual gathering in China that is
the largest of its type in scale, the highest in level, and the deepest
in discussion. It brings together experts and practitioners from the
government sector, domestic and international venture capital
institutions, private equity professionals, world-renowned financial
institutions, and intermediaries to share their valuable experiences and
insights. As an important platform for growth enterprises and venture
capitalists, the Forum will facilitate the integration of industry and
capital, and create a favorable environment for enterprises to improve
their financing efficiency. During the conference, top venture
capitalists from home and abroad will give special lectures on how to
attract venture capital and how to improve the professional skills of
venture capital managers. Over 1,000 participants are expected to attend.
We strongly believe that this Forum will help set up a high-level, open,
and efficient dialogue and cooperation mechanism, and boost the healthy
development of China's venture capital industry.
(For more biz stories, please visit Industry Updates)
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