What does it mean for the domestic VC industry to start the gem?

"The gem has kept us waiting for 10 years, and now it's ready," he said. "Shenzhen Oriental Fu Hai Investment Management Co., Ltd. chairman Chen said.　　The latest news shows that the first gem enterprises are expected to be officially listed at the end of October this year, which will undoubtedly greatly promote the development of domestic venture capital industry. With the gem into the actual combat stage, the domestic venture to hear the sound and move. Techventures Venture Capital Co., Ltd., which is based on offshore projects, recently set up a renminbi fund in Suzhou. Techventures, general manager of Chen said: "This action is related to the gem." "Ten years to grind a sword.　　In the long brewing of the gem curtain is about to open, the domestic venture capitalists began to seriously study the gem for the domestic investment industry opportunities and take action. From the United Kingdom, Japan, Korea and other countries of the historical development, the start-up of the gem will basically bring the domestic investment industry a round of booming. "And in China to open the gem, whether it is to foreign investment, or to the local VC will bring development opportunities."　　Insiders point out. With high risk and high profitability as the main characteristics of the venture industry has its own congenitally deficient, that is, low liquidity.　　Venture investment in the initial period of enterprise capital injection, in the development of mature enterprises can be through the capital market to cash out, to obtain returns, and then carry out a new round of investment operations. Venture capital in the withdrawal of funds, equity, if the export is not smooth, withdrawing capital will be very difficult. "The current issue of new shares and mergers and acquisitions is the main way to exit the domestic venture, and the opening of the gem will undoubtedly add a choice for its exit."　　"The experts said. "Gem open, to the domestic investment banking industry is a good market for a strong heart needle, venture investment in the issue of new shares will face more options."　　"Famous venture capital and private Equity Investment Research Institute of the Qing Branch group researcher Zheng Apricot said." Sean Chen, managing director of China Economic and trade group of the United States, also pointed out: "The launch of the gem is certainly a big inspiration for the domestic venture industry, the Gem is a good investment direction, whether it is a local venture or foreign investment has increased the exit channel." In recent years, due to a number of innovative enterprises in the domestic continuous emergence and development, has caused a lot of foreign venture investment concerns.　　In 2004-2008, a total of 146 foreign investment ventures were invested in China, involving 1005 projects and 787 companies, according to a study by the Shenzhen Stock Exchange Comprehensive Research Institute. The trend of foreign-funded enterprises to list overseas is also more obvious.　　"The research report of the Shenzhen Institute also pointed out that the five-year foreign venture has supported 91 domestic companies listed, of which 84 are overseas." All along, the most preferred place for foreign investment-backed companies to list is Nasdaq. "And when the gem starts, this will probably change, and the gem will become one of its options."　　Experts said that the opening of the gem will not only help foreign investment in the exit, but also conducive to attracting foreign-funded enterprises in the domestic market. Compared with foreign investment ventures, gem Open to the local VC positive impact may be more direct. Zheng XingIn its research report, said: "The launch of the gem, for the local venture industry is an important long-term positive, it can make local venture capital and foreign investment in the competition with more liquidity advantages." "(Xinhua)