Venture Capital Circle: Chairman of the Chen Yu Group of PE China

Wang: Use wisdom to open capital and create miracles with capital. Here is the Pudong hair Bank Shenzhen branch of the name of the venture capital Circle Broadcast, I am host Wang Haidong. Today, before the start of the program, to you to read a piece of advertising, financial life channel of the wonderful program content, is currently in the CMMB handheld TV broadcast, mobile GPS PMP and other handheld end users, anytime, anywhere to search the list of channels, you can watch, mobile 3G mobile phone users through the phone built, CMMB Mobile TV Client directly open, no flow card machine. The progress of science is always to let us be a little, helpless, all right, we come to know, today's three observers: observers: Wu Xiaoshan Shenzhen Five Investment Management Co., Ltd. partner Kong Ying, vice president of HSBC School of Business, Haiyan Metropolitan University Dean Wang: OK, applause welcome our three observers. We are the owner today, he is an investor, but his investment in the industry, is a common people, it seems that the more unpopular industry, called the clean technology industry. He has been in this industry for 11 years, the middle of a lot of hardships, and even almost become a martyr.　　But now, he finally kept the cloud open to see the moon Ming, through the short film we come to know him. VCR1: Chen Yu, the current CEO of the group, who has graduated from Columbia University in the United States, has been on Wall Street in the United States as the chief stock and options trading and asset Management company's bond business for six years. In the 2002, Chen Yu, who lived in the United States since junior high school, returned to China after a six-month visit to the country's famous Wanguo Securities Company and was invited by the internet giant to run capital.　　In 2005, Chen Yu founded its own company-----Investment Group, now founded by Chen Yu's investment group after 7 years of growth has developed into China's private equity investment in the field of the main information and data providers and boutique investment banks. Wang: Through my program, I believe you have already known many of our equity investors, or venture capitalists. So in our minds, they are a group of very, very clever and particularly shrewd people who make money from them, I am afraid not so easy, but our today's Circle Lord, his own job is to be from China's most astute group of people to earn their own profits, he can do it. We come to know him through the short film, and we warmly applaud Mr. Chen Yu.　　Please, Chen always hello, just I said Ah, your main job is to from China's most astute, most profitable group of people, to earn their own money, I would like to ask you, their money good profit?　　Chen: It's hard to earn.　　Wang: What methods do you use to get them to put their money in your pocket?　　Chen: No kidding, right?　　Wang: Right, yes, we're not a joke show.　　Chen: should be the most professional attitude and standards. Wang: Yes, thank you.　　Who is the most skinflint person you have ever experienced? Chen：The more money, the more money of the organization, on average, the knowledge of capital, more profound, I spend the money is not a value of things.　　Wang: I heard you left China in junior high and went to America.　　Chen: Yes, the parents migrated to the United States.　　Wang: Say you have never received the baptism of Chinese, higher education, you know? In fact, China's higher education system, very serious, you will not feel lucky?　　Chen: I didn't feel that I was very lucky after returning home.　　Wang: The university four years will give oneself some, what kind of feeling?　　Chen: Because Columbia University, we know, is a very famous university in the world, he is mainly focused on how to cultivate a person, rather than to say that the development of a professional talent.　　Wang: And then after you graduate you went to Wall Street, what kind of feeling?　　Chen: These six years of this life, I feel very full.　　Wang: Will it be like in the movies that they are really greedy people.　　Chen: Greed must be an important gene, an important part of it, you are one of the greedy people, it should be.　　Wang: You went to the first year, it is said that the operation of the funds have reached an astronomical, how much money?　　Chen: Made about 50 billion dollars, 50 billion dollars, less than 10 people, bond securitization.　　Wang: What was your age?　　Chen: 21 years old.　　Wang: You on the money, today to see if there will be some kind of different understanding?　　Chen: In the United States, is very different understanding, but I today, should be relatively flat.　　Wang: I know in your life, there is a scene in fact is quite important scene, that is 2001 years of 911, can you tell us what you were doing that day?　　Chen: I was living in Midtown in the United States, I went to our roof 50 floors, I went to our roof can be straight line, straight to see the two smoking buildings, so I saw these two buildings, one collapsed, and then another collapsed.　　Wang: What feelings inside the heart, many people will say that you are not, very shocking, that is to say you, in fact, you will find that your mind is empty.　　Chen: It is said that you have a friend killed. Wang: What I remember most clearly is that one of the six months before the 911 incident, still in our company, working under my hands, he went to the WTO a few months before 911, and his wife received a call from him saying we were hit, and then we got a notice, let's go up to the roof and wait for the rescue, sounds still, quite hopeful, Hopefully, when this happens, his wife just had a baby for two months, I remember a journalist who said this, saying that the 911 incident is our generation of Americans, Pearl Harbor events, for example, like me today, after 10 years, I can still remember clearly,　　What I was doing all day, what I was doing when the plane hit, right. Wang: From then on, Chen always felt that living in the United States is too unsafe, he resolutely returned toChina.　　All right, guys, time to give three. Observer: Ask Chen, in fact, you chose to come back from the United States, and this matter itself, there is no connection, this is the first.　　The second, the most original motive is because it will feel less secure, or feel that there are more opportunities at home, which I am more concerned about. Chen: In fact, are not, are not, because 911, in fact, is a fuse, because in fact, my junior high School to New York, in this city, living 14 15, right. At that time, 27 years old, while young, to explore a new world, I remember when I was with my girlfriend, one night we were walking on the road, there is a beggar, begging on the road, my ex-girlfriend will look at me and say, why do you wear a shiny, fingers move,　　Then you are such a life, why so a more than 50-year-old, an age so big a person, begging on the road, why not? But you sometimes deep, you will want to say, the meaning of their work, this actually will, touch some of the life of thinking it.　　Wu: After you come back, after you come back is not, can quickly adapt to the domestic, living and working environment, you can give some parents to provide some advice is, you think when the child to send out more appropriate.　　Wang: You are worried, Wu, this must be a plan.　　Wu: Right, because my own children are also facing this problem. Chen: I think this thing depends on where you are going to America, I think, if you go to Flushing in New York, or Chinatown, you are no use, I have seen our high school, born in the United States of Chinese, but the family living in the city of Manhattan Chinatown, speak English than I do. If you say to the East coast of the United States and the West Bank, these two shores, I think I go out of the same age, you have accumulated enough in China, some of the culture of Chinese culture, some understanding.　　But you are 12 years old, until you are more than 20 years old, like a sponge, like a sponge, you will absorb a lot of new ideas, new things.　　Wang: I'm 37 years old, and you think my parents are going to send me out?　　Wu: The first question has not answered, come back accustomed to? Chen: There is a habit of place, there are not accustomed to the place, I was silly to go to Zhangjiang, register a company, I really silly every day, take a subway run to Zhangjiang.　　And then to register the company, they told me you are not full of this file, you go back to make up one, and then suddenly someone will tell you, the door has an intermediary agent, much to why Chen always come back, also investment intermediary industry, is I think these things, in fact, I think it is quite new things.　　Wang: What do you have to say, doctor?　　Gao: I actually still quite pay attention to a person, in the choice of judgment question, that time you are how to choose and that time there is another hot, is the returnees hot. Chen: Back to the two topics you just said, on the capital of the downturn, I think itsReal Impact. For example, the dotcom bust was March 2000, a week before the crash, when we saw the next one months, two months of time plan, that is, the time table for the IPO, the schedule, what it looks like, or the row is full, or very thrilling, Is the daily turbulence, as we have seen recently, 2008 2009 years of the financial turmoil, the big turbulence, a day down 300 points, the second day up 200 points, is normal phenomenon. The second topic of returnees, in fact, I do not think I am a returnee, or kelp, because I think maybe my experience, with most of the so-called late 90, the return of people, such as when the best of a bunch of people, such as Sohu, the founder of Zhang Chaoyang, have experienced different, because I graduated from primary school abroad, The individual thinks he is an American more, does not think oneself is a sea turtle. I went back today, I remember that I was 2002 February, returned, one morning woke up, I want to change a place to see, so bought a ticket, went to Shanghai to feed the pigeons.