China Venture Capital Association Zhang to replace Shong

Recently, the "First financial daily" received news, the current Chinese Venture Capital Association (CVCA) Chairman Shong, will expire in 2008. Zhang, the incumbent chief executive of Citic Capital, has been elected by the CVCA Council as chairman of the next association and will be inaugurated in October 2008.　 In addition, the Kai Peng Hua Ying Venture capital Fund Executive partner RU Linchi will replace Joe as CVCA director of the post.　 On this general news, China Venture Capital Association told reporters: this is a normal transition, the former Shong more familiar with the media and new energy, and the future chairman of Zhang is a CPPCC member, after taking office will promote the entire industry and the government dialogue and communication. The China Venture Capital Association, an industry association of venture Capital and private equity investment funds, was established in 2002 with more than 100 members and joint member companies, most of which are venture capital and private equity investment fund management companies in the Greater China region as the key investment Market,　 Its cumulative management fund is more than 100 billion dollars in size. Earlier, Shong has just launched a number of members of the association in Sichuan Wenchuan earthquake donations. The Chinese venture Capital Association related PERSONAGE discloses: the member company altogether raises the money the RMB 3235294 yuan, moreover also is increasing unceasingly. 　Shong's main task during his tenure was to improve the understanding of venture capital and private equity investment, and to build a platform for members to share experiences, networking and communication. Apart from Shong's position in the China Venture Capital Association, the identity of its IDGVC founding partner is well known. Shong, "The first person in China to introduce a venture fund for High-tech Industry", is not only famous for his more than 10-year career in venture capital in China. 　As the chairman of the China Venture Capital Association, he contributed to the classic cases of many outstanding investment industries such as Baidu, finance, Aerial network, Shanda, worry, mass media, Alibaba, Ctrip, ebay net, NetEase and so on. And in the future Zhang, many people who know him are "open-minded, humorous, good at communication" comments.　 Zhang has worked at Greenwich Capital Markets, the Bank of Japan, the United States Securities Company, Hong Kong Hing Hui Financial consultancy company and Merrill Lynch (Asia-Pacific region) as managing director. Zhang joined Citic Pacific Group in 2000 as managing director before CITIC Capital was established. 　Two years later, Citic Group chairman Wang June will set up the first Direct investment fund in Hong Kong focused on the mainland market, "CITIC Capital China Investment Fund", and said it would like to play "China's Blackstone Fund." At the same time, Zhang is the 11th National Political Consultative Committee member, and China Equity Investment Fund Association Initiator and vice president, and to prepare for the returnees in Hong Kong. Industry insiders said: "He is very well-known, has a strong interpersonal relationship." "For this successor to the Chinese Venture Capital Association chairman, CITIC China Investment fund deputy Hu Tinghua said to this newspaper:" This is just to know the news, Zhang I am afraid alsoThere is no time to think about the moves after taking office. "Aiguo, president of Shanghai Venture Capital Management company, also said:" As an industry association, it is more important to pool resources, provide a platform for entrepreneurs and venture companies to better connect, Mr. Zhang after his successor, he hopes to continue to play the advantages of public institutions, and better play the investment industry in the overall economic development role. ”