Guangzhou North, the first private equity exchange listed in China

Abstract: The lack of stock exchanges and futures exchanges does not hinder Guangzhou's determination to build a regional financial center. Yesterday, the first domestic was approved to "private" name of the equity exchange ——— Guangzhou Private Equity Exchange was officially listed. CFP the lack of stock exchanges and futures exchanges does not hinder Guangzhou's determination to build a regional financial centre.　　Yesterday, the first domestic was approved to "private" name of the equity exchange ——— Guangzhou Private Equity Exchange officially set up, its establishment and operation will be Guangzhou, the Pearl River Delta and even the national private equity trading institutions to set up and private equity investment and financing activities have a huge demonstration effect and promotion role. The expert analysis thinks, Guangzhou is facing the historical opportunity which the Chinese PE center and the property Right Exchange center constructs.　　According to incomplete statistics, including Tianjin, Shanghai and more than 600 cities and towns have the conditions to develop PE, the emergence of private equity trading market up to 800 billion. Yesterday, sponsored by the China Equity Market Innovation Alliance, Guangzhou Financial Office and the Guangzhou Equity Exchange Contractors "The Third China property Market Innovation Forum and the new organization opening Ceremony" in Guangzhou, Guangzhou Mayor mayor and the State Council SASAC Property Rights Bureau Inspector Deng Zhixiong for four new property rights trading agencies,　　In addition to the Guangzhou private equity Exchange, the other three institutions include: Guangzhou Environmental Resources Exchange, Guangzhou Rural property Exchange and Guangzhou Enterprise Financial Clearing Co., Ltd.　　Positioning "Four platforms, two channels," "Wen Dao has successively, the operation has specialized", in the face of Beijing, Shanghai, Shenzhen and other mainland financial Center City fierce competition, Guangzhou hopes to grasp the large private equity transactions, investment diversification characteristics, to seek a big act. Li Zhengxi, President of Guangzhou Equity Exchange, said that the private equity exchange in Guangzhou was positioned as "four platforms, two channels" ——— major infrastructure projects, pillar industries projects and other private equity financing platforms for investment projects; non-public private equity financing platform; Non-public company equity transfer trading platform　　Private equity fund raising and fund share transfer trading platform, government-led venture capital, venture capital Fund's main exit channel, domestic and foreign investment funds, private equity and retreat channels.　　Li Zhengxi accepted This newspaper interview, said that the category of a wide range of commodity exchanges, capital exchanges, the most embodiment of a city's market radiation function, Guangzhou has a relatively perfect international land and sea airport system, speed up the construction of capital exchange, can undoubtedly enhance the city as the National center of the Radiation capacity of cities. Li Zhengxi Introduction, market research data show that the international enterprise equity transactions or capital withdrawal of the investment enterprises generally have 4 kinds: the transfer of shares and mergers and acquisitions of about 50%, the repurchase method accounting for 20%,o T C on the counter transactions accounted for about 20%, listed IPOs accounted for about 10%. This shows that the private equity capital market development space is very broad. "I think that in the next 3-5 years, China will emerge a large number of various exchanges, exchange heat is heating up." "Li ZhengxiSaid。　　He revealed to this newspaper, in the volume reached a certain scale, the Guangzhou property Exchange will launch the relevant price index system to guide private equity investment financing. Cao, a professor at Peking University School of Economics, said in an interview that the first private-equity exchange was set up in Guangzhou, with the Pearl River delta industry highly concentrated development, the large number of small and medium-sized enterprises, private capital rich and active investment characteristics inseparable. "At present, our country has more than 99% of enterprises can not be listed financing, private equity financing and listing financing function is comparable, but the transaction cost is lower, for the Pearl River Delta many enterprises lack of money, can be hailed as capital of the ' People's Liberation Army '."　　"Guangzhou is facing a historic opportunity to build PE center" how much market space does private equity fund (PE) bring to the property market? China Branch Investment Fund (Management) company Chairman Tanxiang yesterday calculate a sum: According to incomplete statistics, the country has the development of PE conditions of the town is about 600, the average city government in 5 years to invest in guiding funds 500 million. 600X5 billion, 300 billion of government-directed funds will be injected into the government's equity market. According to the past estimates, the government set up equity investment funds, the leverage will generally be magnified 5 times times. As a result, 300 billion x5, or 1.5 trillion, of equity investment funds will be generated.　　Putting the 1.5 trillion into the project, since the government's shareholding is typically no more than 20%, the entire project attracts private equity funds to reach 7.5 trillion per cent. "In this 7.5 trillion, there are generally 50% to 60% of the equity project, that is, 4 trillion, to be transferred through the OTC, mergers and acquisitions to trade, through IPOs generally only accounted for around 10%." 4 trillion if 20% is traded through exchanges, it is 800 billion of the space.　　"Tanxiang said. Lu Lei, a professor at Guangdong Institute of Finance, said Guangzhou is facing a historic opportunity for the construction of China's PE center and property Rights Trading center. "It's because, whether it's manufacturing or services, have a cluster trend, small to the furniture manufacturing industry in Dongguan, large to the computer industry, natural and centralized efficiency, PE also naturally find the most suitable for survival, we think that Beijing, Shanghai, Guangzhou, these three areas, is undoubtedly the most suitable for the survival of PE, As far as Guangzhou is concerned, I think it is an excellent opportunity to build a PE center within 3-5 years.　　"Lu Lei said.　　Establishing a national regional property right trading center yesterday, four new property rights trading institutions were set up at the same time, which means that Guangzhou has built a multi-level capital market system and diversified financial integrated service system with practical measures. According to the introduction, Guangzhou property Exchange set up more than 10 years, the cumulative completion of more than 5,700 cases, the cumulative volume of more than 290 billion yuan, the project from the Pearl River Delta project accounted for more than 2/3, ranks the national equity exchange of the three strong position.　　Guangzhou deputy Mayor Min said Guangzhou will rely on the Guangzhou property exchange to establish a national regional property rights Trading center. At present, the Guangzhou property Exchange is vigorously promoting the Pearl River Delta and surrounding areasThe unification of the District property right Exchange market. Li Zhengxi told this newspaper, this year, the Guangzhou Equity exchange led by the market unified operation of Guangdong Province, 18 homogeneous property rights trading institutions, to build the Guangzhou Common market for property rights; Yesterday, the Guangzhou property Exchange and the Beijing Equity Exchange, Zhongshan Property Exchange, Wuhan Construction License Property Trading Co., Ltd. and other provincial and foreign property rights trading agencies signed a cooperation agreement.