Report Highlights
In recent years, with the improvement of investment environment, global PE funds have flowed into China, and China's homegrown PE funds keep emerging. KKR, Blackstone, Warburg Pincus, Bain Capital, Carlyle, J.C. Flowers, Sequoia Capital, CDH Capital, Hony Capital, Hopu Fund and Bohai Industry Investment Fund have become well-known companies in China's capital market.
After several years' booming, the capital market has experienced dramatic changes in July 2008. As the financial crisis escalated, the capital market got into a downturn. At present, the venture capital market is in the "freezing period". Both financing and exit channels face great difficulty, and return on investment has plunged. As a result, PE investment became sluggish. PE firms are now prudent in selecting investment projects...
In the face of changes in competition and market as well as challenges, we release the 2008-2009 Annual Report on the Development of China's Private Equity Investment Industry, which helps investment institutions, investors and industry insiders grasp more accurately China's PE market.
* In-depth, full and accurate research data: On the basis of in-depth research in relevant databases and authoritative statistics, the report describes changes in PE structure, regional structure, vertical and parallel structure, and operation channels, and clearly points out development direction.
* All-round and in-depth market analysis: In light of the particular political and economic situations in 2008, based on its deep understanding of private equity investment, we compare and analyzes quarterly business in the PE market, and sums up PE firms' performance in various dimensions.
* Scientific and complete forecasts: Through statistical analysis and expert verification of major industry segments and key business types, the report examines relevant industry policy, and derives valuable trend analysis and quantitative forecast results.
Table of Contents
Main Conclusions
Key Findings
I. Concepts Related to Private Equity Investment
(I) Overview
1. Definition
2. Characteristics
3. Classification
(II) Functions
II. Operation Mechanism of Private Equity Investment
(I) Introduction to Private Equity Institutions
1. Organizational Setup
2. Investment Operation
(II) Operation of Private Equity Investment
1. Three Operational Links
2. Development of Exit Mechanism
(1) IPO
(2) Back-door Listing
(3) Getting Listed on Overseas Secondary Board or Hong Kong Growth Enterprise Market
(4) Over-the-counter Market & Equity Transfer Market
(5) M&A and Repo
(6) Settlement & Exit
III. Development of the Private Equity Investment Industry
(I) U.S.A.
1. Genesis, Development & Characteristics
2. Possible Impact of Obama Administration's Tax Policy on the American PE Industry
(II) China
1. Genesis, Development & Characteristics
2. Function of Private Equity Investment in China's Economic Development
IV. Development of China's Private Equity Investment Industry in 2008
(I) Review of the Industry in 2008
1. Industry Characteristics
2. Business
3. Summary
(II) Impact of the Financial Crisis on China's Private Equity Investment Industry
1. Blow Dealt by the Financial Crisis to Investor Confidence
2. Impact of Policy Issues on the Industry
3. Impact of the Crisis on the Industry
4. Impact of the Crisis on China
5. Strategy for Dealing with the Crisis
V. Main Investment Fields in 2008
(I) Real Estate
(II) Manufacturing
(III) New Energy
1. New Energy Becomes a Hot Investment Area
2. Guidance of Macro Policy
(IV) Education
(V) Food Service
VI. Development Trend of the Private Equity Investment Industry, 2009-2011
(I) Positive Factors
(II) Policy
1. Development Course of China's Private Equity Investment Policy
2. Interpretation of Relevant Laws & Regulations
(III) Development Trend
1. Development Trend of Private Equity Investment
2. Development Opportunities for PE in China
3. Forecast of the Development, 2009-2011
VII. Recommendations
(I) To the Government
1. Develop PE and Build Multi-layer Financial Market System
2. Set up National Industry Associations to Promote PE in China
(II) To Investors/Institutions
(III) To Enterprises
List of Tables
Investment in Various Industries in China's Private Equity Investment Market in Q1 2008
Investment in Various Industries in China's Private Equity Investment Market in Q2 2008
Comparison of Investment in China's Private Equity Investment Market in Q1 & Q2 2008
Investment in Energy and Mining in China's Private Equity Investment Market in Q2 2008
Investment Types in China's Private Equity Investment Market in Q2 2008
Investment in Enterprises in Different Development Phases in China's Private Equity Investment Market in Q2 2008
Regional Investment in China's Private Equity Investment Market in Q2 2008
Domestic & Foreign Investment in China's Private Equity Investment Market in Q2 2008
...
List of Figures
Regional Distribution of Private Equity Investment in China in Q1 2008
Comparison of the Number of PE Investment Cases in Q2 2008
Comparison of Investment Size in Q1 & Q2 2008
Comparison of PE Investment Amounts in Q2 2008
Comparison of Percentages of Different Investment Cases in China's Private Equity Investment Market in Q2 2008
Comparison of Investments Made by PE Institutions in Various Industries in 2008
Comparison of Investments Made by Institutions in Various Industries in 2008
Comparison of Investment Cases Made by Institutions in Various Industries in 2008...
