Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Bright spots seen in bearish investment market

By Cheng Yu | China Daily | Updated: 2019-12-05 09:21
Share
Share - WeChat
Net investment in the domestic market during the first 11 months was 730 billion yuan. [Photo/IC]

China's investment market is witnessing its "coldest winter" with total funds raised falling by 10 percent on a yearly basis to 1.08 trillion yuan ($153 billion) during the first 11 months of this year, with some industry experts opining that the drought is not as bad as predicted.

According to a report from venture capital and private equity research firm Zero2IPO, net investment in the domestic market during the first 11 months was 730 billion yuan, down 29.5 percent on a yearly basis.

The information technology, internet and medical care sectors were the major beneficiaries with investments of 135.7 billion yuan, 105.5 billion yuan and 103.2 billion yuan, the report said.

"Though the funds raised and the investment amount have fallen, the decline is lesser than expected," said Ni Zhengdong, chairman of Zero2IPO, at the 19th China Venture Capital & Private Equity Annual Forum on Tuesday.

Ni said it has been a good year for VC and PE investors to cash out through initial public offerings and said these investors have supported two-thirds of the total 287 IPOs both at home and abroad, up 60.5 percent year-on-year.

Also, State-owned entities invested in 13.5 percent of the total 29,000 private equity funds. During the first 11 months this year, State-owned funds have invested or subscribed to 72.4 percent of the total funds raised, Ni said.

"China's equity market is experiencing a big 'physical examination' this year but the sector needs such adjustments for the survival of the fittest," he said.

The report also pointed out that investment was stronger in machinery manufacturing, IT and medical care industries, up by 64.1 percent, 34 percent and 10.1 percent respectively.

"The benefits brought by mobile internet have gone and the growth rate of the digital economy is also slowing down in the country. The next investment opportunity will come from back-end innovations driven by technologies," said Kaifu Lee, chairman and CEO of Sinovation Ventures.

Back-end industries, according to Lee, refer to mostly traditional industries that need tech for transformation, such as enterprise services, factory supply chains, medical care and logistics.

Ying Wenlu, founding partner of investment firm Addorcapital, said technology will be the buzzword for the next decade of investment in China.

"Industrial upgrade and supply chain restructuring can be potential gold mines, especially for fundamental materials and core industrial components," he said.

He said that next year would be challenging for both startups and investors due to trade friction, deepening of reforms, industrial upgrades and credit issues of industries entering a key period.

To tackle the challenges, Ni Zewang, chairman of Shenzhen Capital Group, strongly recommended that more investment firms should team up than compete for investments so as to improve capital efficiency.

"Next year, we will beef up our presence in foreign markets and scout for new growth engines," he said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产成人精品免高潮在线观看| 一级做a爰毛片| 97人伦影院a级毛片| 欧美成人怡红院在线观看| 天天操天天干天天射| 亚洲日本在线观看| 麻豆麻豆必出精品入口| 成年女人黄小视频| 亚洲精品无码专区在线播放| 日本成人在线看| 成人在线免费看| 亚洲色四在线视频观看| 免费观看国产网址你懂的| 成年网在线观看免费观看网址 | chinese男子同性视频twink| 欧美成人观看视频在线| 办公室啪啪激烈高潮动态图| 4p高h肉辣古代| 日韩av午夜在线观看| 免费高清日本中文| 1204国产成人精品视频| 日本三级片网站| 亚洲首页在线观看| 自拍偷自拍亚洲精品播放| 国内精品视频一区二区三区八戒| 久久婷五月综合| 男女做性无遮挡免费视频| 国产激情电影综合在线看| 亚洲综合五月天欧美| 久久国产精久久精产国| 精品一区二区三区自拍图片区| 国产精品成人va在线观看| 中文字幕高清有码在线中字| 欧美肥老太肥506070| 国产三级日产三级韩国三级| 97精品人妻一区二区三区香蕉| 日韩人妻无码一区二区三区久久| 免费人成在线观看69式小视频| 亚洲成a人v欧美综合天| 快穿之肉玩具系统| 亚洲va国产va天堂va久久|