Cheng: The development of the gem to promote PE should return to the road of supporting innovation

Chinaventure Beijing Time July 15 afternoon news, Oriental Fu Hai Investment Management Co., Ltd. partner Cheng recently said that there are two changes to promote the development of PE industry, the first time is the second part of the share-splitting reform is to create a full decade of venture capital board finally set up. He said, "in 2005, there may be a lot of VC basically stop the dishes, Shenzhen in 2003 registered more than 300 institutions, to 2004, 2005, most of the rest, there may be a few live can continue to do investment." "The creation of the gem is like a stimulant to the investment community." He says the country's initial plan for developing the gem is very good, the two six of new ventures that are now likely to be registered in China, or those that invest in are estimated to reach thousands of, are quite large, and the institutions that are being marketed may not be able to run out for decades. Cheng said that the gem is now on the 90 companies, is expected to raise the size of 20 billion, but the actual fund-raising scale more than 60 billion, raised more than 40 billion, "I personally think this is a waste of social resources." "If there is a better way to lead, the contribution to society will be greater." On the other hand, the regulatory difficulties in the market stability and a number of relatively large companies, "but the gem will eventually return to support innovation, support growth this way." This is a direction we will pursue in the future. ”