Taiwan venture capital to take advantage of the mainland's pioneering board low-key search opportunities

The large amount of project resources in the mainland's venture investment market has been attracting the attention of Taiwanese investors. The announcement of the draft of the first management of the gem has also aroused the extensive concern of Taiwan's venture capital with investment experience. According to local media in Taiwan, Taiwan has been a group of practitioners to enter the mainland market many times this year.　　Mainly inspects Shenzhen, Shanghai, Beijing, Qingdao and so on, looks for the suitable investment opportunity.　　Recently, in Beijing, held the "2009 China Venture Investment Home Forum" on, Taiwan Venture Capital Business Association (hereinafter referred to as "Taiwan's founding Association") Secretary-General Su Shuzhong told CBN Reporter, the agency has recently been with the Ministry of Science and Technology, the NDRC and other management departments have exchanged, in the future will be more in the mainland to carry out investment activities.　　The Ministry of Science and Technology disclosed that the Taiwan Venture Capital Association hopes to be able to set up investment ventures in the Ministry of Science and Technology, to identify the High-tech enterprises of Taiwan-funded enterprises, to apply for venture capital guidance funds and to invest more in such areas as new energy vehicles and led industries.　　Leverage of NT $9.2 billion the types of Taiwan venture capital institutions are mainly entrusted to fund management companies (50%), venture capital companies (12%) and their own responsible operation (38%) three forms.　　In fact, after 20 years of TMT (Telecom, media and Technology) enterprise's investment peak, Taiwan's domestic VC industry hotspot also from Optoelectronics, semiconductors, electronics, information, communications and other industries gradually into bio-medicine, cultural creativity, new media and other emerging industries. "Looking back on the history of Taiwan's venture investment industry, it has been 25 years since 1984, when Taiwan's first venture investment company began its grand venture." "The Taiwan Development Fund, which is dominated by Taiwan authorities, is the largest venture capital institution, with a total investment of about 9.2 billion NT dollars and the market capitalisation of the listed companies, which have been incubated and guided by the company, which has been invested in more than $54," said Su-jung. "Interestingly, Taiwan's development fund has also faced embarrassment at the start of its inception.　　When the first fund was raised in 1990, few people dared to invest. In the end, 384 million NT dollars were raised, and four venture capital companies were invested. So far, the fund has recovered more than NT $1.032 billion, and the annual return on investment is 17.02%. 1997 two to raise about 860 million NT dollars, a total investment of 8 cases.　　2002 to date, the third period to raise NT $7.2 billion, a total of 44 investment cases.　　And these venture capital enterprises to return to the total number of enterprises have reached 1197, the total amount of investment amounted to 31.4 billion NT. In addition to investment ventures, the Taiwan Development Fund has also played an important role in fostering and directing the development of Taiwan's science and technology industry. TSMC is one of the more successful direct investment cases of Taiwan Development Fund, Su recalls: "TSMC needs to invest in a larger scale, most VC and PE are unwilling to vote, so the development Fund made a direct investment." This created the world's top three semiconductor companies today. "[Page] low-key searchThe mainland's "new opportunity" to replicate Taiwan's investment experience to the mainland, and actively explore the mainland market is one of the most recent concerns of Taiwan's venture capital sector.　　In the middle of last month, the new venture Capital Management Limited (hereinafter called "New Development Ventures") held a low-key industrial investment summit in Shanghai, with a Taiwanese-branded venture officially surfacing. Hu Ding, vice chairman and general manager of new Development ventures, is a resounding figure in Taiwan's investment community.　　Data show that Hu Ding from 1993 to 2001 as "China Development Industrial Bank" (hereinafter referred to as "China development") general manager, after succession as "China Development" executive director, "China Development" chairman. "China Development" is one of the leading manufacturers of Taiwan's financial institutions, during the leadership of Hu Ding, its capital amount from 160 million U.S. dollars to more than 1.86 billion U.S. dollars, the total market value from 926 million U.S. dollars to 5 billion U.S. dollars, is Asia's leading investment institutions.　　It is reported that during the period from 1999 to 2002, the investment Department of the Agency invested in enterprises, which accounted for more than 60% of the total listed enterprises in Taiwan. After leaving "China development", Hu Ding established Watson Capital in March 2006 and set up offices in Taipei and Shanghai. According to its website, the majority of the team's members come from the original "China development".　　Up to now, the investment cases of Watson Capital include Cross-strait Coffee, Xiamen Steel-Yu.　　At the same time, CBN reporter found that the new development of the new venture management company's main team members are mostly from the original "China Development" investment team, this is Hu Ding my brace "works." According to the information provided by new development ventures, the strength behind the fund is indeed negligible. Its shareholders include the National Development Bank (hereinafter referred to as "Guo Kai Bank"), Shanghai Pudong Development (Group) Co., Ltd., Guangzhou Kay Holdings Limited, Suzhou Venture Capital Group Co., Ltd., Kunshan Economic and technological development Zone Asset Management Co., Ltd., Unilever Holdings Limited, new development venture Capital Management Co.　　Among them, the National Open Bank direct holding, accounted for 50% share. State-run credit and network resources, local guidance funds to provide industry and policy support is the new development of the "wishful thinking".　　Through this mode of cooperation, Taiwanese investors have also completed a gradual transition from the original roots of Taiwan to mainland investment.　　It is reported that the total size of the new development joint venture capital fund is 5 billion yuan, of which 1.5 billion yuan, the second phase is 3.5 billion yuan. According to Li Jiahong, managing director of the new development venture, the first batch of funds, 750 million yuan, has been in place last December, with investment targeting the mainland. Currently, three companies have entered the due diligence phase involving manufacturing, new energy and pharmaceutical industries. In addition, new ventures in Beijing have formed another small fund, and continue to focus on new energy, materials, medicine, biotechnology and other fields. [Page] look forward to more policy support "We want to get more policy support. "Taiwan Treasure Asset Management Co., Ltd. GeneralDaniel Li Qingyao to CBN reporter Bare Heart.　　Since the "election" of the leaders of Taiwan's "3 22" region, Taiwan's people generally believe that cross-strait exchanges will become more and more extensive and the space for cooperation between the two sides will become larger. According to a source close to the new development venture told CBN Reporter, Taiwanese investors are not familiar with the mainland market, in the entry, many will choose to have the government or the state-funded background of the relevant institutions to ensure stable development and profitability. "Looking for renminbi investors may be a good opportunity at a time when offshore financing is difficult."　　said the person. In the "2009 China Forum" site, the Inner Mongolia Development and Reform Commission, Shaanxi Development and Reform Commission and other leaders of the Taiwan Investment Association issued an invitation to invest. In this respect, the founding secretary of the Su Shuzhong did not respond on the spot, he said to CBN reporters, such as Xian, thousands of years of cultural capital, the most suitable for investment in cultural tourism industry.　　and Inner Mongolia, mining and animal husbandry resources are very rich, these areas have investment value. But now the regional industrial policy is identical, for example photoelectric semiconductor, biopharmaceutical and so on, each province is developing. "If everyone develops in the same direction, it is no development."　　Su-Jung was very calm in his analysis. For the choice of investment projects in China, Taiwan Venture Capital Association responsible Person said, although the current mainland gem is the main target of High-tech enterprises, but they will not only choose High-tech Enterprises, but also choose other with high growth, stable income, relatively controllable risk industry enterprises, although these enterprises are not necessarily from the gem , SME board exit. "Enhancing the value of traditional industries is the most important."