Jiuding Vice President Changbin: The happy moment of VCs ' winter entrepreneurs

"Now the whole private equity investment (PE) industry has encountered some difficulties, is facing a pattern of adjustment." "In the recent opening of the Innovation China Spring 2013 press conference meeting Gap, Jiuding investment vice President Changbin, said in an interview with the Securities Times reporter. He also said: "For entrepreneurs, now is the happiest time." "The past decade is China's PE industry development of the Golden Decade, the investment institutions to make a pot full." With the market gradually maturing in the past two years, the rapid influx of funds to the PE industry, the project competition is increasingly fierce. This year, the economy has been cold, the stock market is weak, raise capital also appeared the problem, PE institutions encounter a cold current. The latest figures show that in the three quarter, a total of 45 private equity funds that could be invested in mainland China were raised in place, down 47.1% from the same period last year. A total of 45 funds raised 2.669 billion U.S. dollars, the year-on-year decline reached 79.3%. The amount of fund-raising and the lack of funds in place, the extent of the slump in fund-raising activities is evident. But the biggest shortage in the market is not money, but entrepreneurs and promising projects. The "Innovation China" event is an innovative technology, product, service and business model display platform. In order to find a better project, Changbin on behalf of the company for the first time to participate in this event. "We're late." Changbin said in his speech that it would be a good time to join in such a platform. As Changbin said, although the PE industry is cold, but for entrepreneurs, now is the happiest time. "At present, the capital market is not hot, but the entrepreneurial environment is relatively good." "Although the industry environment is not very ideal, but Kuantai, managing director of Highland Capital, is trying to cheer up entrepreneurs." Like Changbin, he thinks it's a good time for entrepreneurs. "I remember that in 2004, when I first joined the industry, the entire venture capital of the community was dozens of and the United States dollar Fund, and now there are thousands of industry organizations, not only the dollar fund but also many renminbi funds." Entrepreneurs have more leeway to choose from. At the same time, in 2004, experienced entrepreneurs were scarce, with more than dozens of companies listing in the United States over the years, and more experienced entrepreneurs. It is a very good starting point for entrepreneurs who now have ideas and executive power. "Kuantai said. Not only do venture capitalists want to see good entrepreneurial projects, but many local governments also strongly support entrepreneurship. In fact, there are not a few local governments that support the pioneering and economic development under the background of the transfer mode of the structure. Yesterday, the Shanghai Jiading Committee Standing Committee, Deputy mayor of the young sister also came to the scene. She revealed that the Innovation China 2013 Spring Finals will be held in Shanghai Jiading. And in order to support entrepreneurship, the region recently issued relevant policies, the incubator enterprises into jiading can enjoy the funds, land, talent treatment and other aspects of preferential policies made provisions.