China SME venture capital fund Management company was founded 12th

Xinhua Beijing, December 12 (reporter Roxatidine, ping) reporter learned from the Chinese SME Association, as a Chinese SME venture capital fund manager, in the fat June sheng (Beijing) Investment Management Co., Ltd. 12th announced the establishment of the Chinese SME venture capital Fund to launch the recruitment work. According to the China SME Association, in order to further broaden the financing channels for SMEs, the SME Association, in May 2008, launched the establishment of China's SME venture capital fund, from 52 companies with intention to cooperate in selected Shenzhen June Sheng Investment Management Co., Ltd., registered in the establishment of June Sheng (Beijing) Investment Management Co., Ltd.　　SME Association's national Financial and SME Investment Consultants (Beijing) Co., Ltd. as an investment adviser. Zibin, chairman of China SME Association, said that China's SME venture capital fund management company will raise the total size of 3 billion yuan by organizing roadshow activities and raise 1 billion yuan for the first phase of the project. The fund is in the form of a limited partnership and is raised by private placement for a period of 5 years plus 2 years.　　The fund currency is RMB, the minimum subscription amount is not less than 50 million yuan. Wang, director of the SME division of the Ministry of Industry and Information technology, pointed out that the country has made clear the problem of financing difficult to support the development of SMEs is an important content. The establishment of China's SME venture capital fund management company is an important impetus to the establishment of venture capital funds at all levels and to attract social funds to support SMEs.　　Next, the venture capital fund must choose the safe and efficient project, also dares to undertake the risk, uses the more fund support to promote the small and medium-sized enterprise development, bigger and stronger Chinese small and medium-sized enterprises. Zibin said that the SME venture capital fund will be the source of the National Development and Reform Commission, the Ministry of Finance, the Ministry of Science and Technology and other ministries of the Guidance Fund, while inviting banks, insurance companies, securities companies, large enterprises and other institutions to participate. It is believed that it will effectively alleviate the financing difficulties of SMEs and give birth to the future China's emerging enterprises, bring the investors a satisfactory return and create good social and economic benefits.