Wu: Toss is a good thing quit to a a-share or gem-oriented

Chinaventure Beijing time May 21 afternoon news, Ding Hui Investment chairman Wu in today's 2010 China Equity Investment Fund Development Forum, speaking on the post-financial crisis era of PE development, talk about the financial crisis three years cyclical experience, he thought three years down,　　PE industry structure has changed quite a lot, mainly reflected in the withdrawal of the main channel to a A-share or gem-oriented, financing channels from basically one-sided now gradually balanced. "The financial crisis about three years, three years ago very hot, the middle of a hard toss." And then back again. Now it may be a bit hot again, three years down, the structure has changed quite a lot, for this industry.　　"Wu said. As for the change, he proposed three points, the first is to exit the main channel changed. "Three years ago, we basically did not see clearly is a a-shares, overseas, what can be done." But today it is clear that the main channel must be a A-share or gem-oriented. Second, the financing channel from basically one-sided now gradually to balance, foreign capital, domestic capital of a state. In addition, from the depth of the industry as a whole, whether from the investors, managers, managers of the scope of the number of managers, management of the number of funds, have undergone a great change.　　So many things are still positive. "The longer-term thing, the structural, I think has not changed is the whole investment of the target, that is, how many business growth is very promising." You want to see China, especially like to do the consumption and some of the competitive manufacturing, services, emerging from the middle, and gradually formed a long-term competitiveness of many enterprises. These companies may become internationally competitive companies, and these issues are clearer.　　"In addition, the structure of the industry is still very dispersed, this integration of industry concentration, supporting the leader as an integrated platform of the investment concept is becoming clearer." "We in the existing environment, especially the minority shareholder how to provide effective support, improvement, these groping also achieved certain achievements and experience." This is all after the financial crisis. Of course, to slowly recall this process, a bit like the weather, has not been off the cotton-padded jacket began to open air-conditioning, this cycle is too fast, with the big environment, and with the government forced intervention, unpredictable also have a lot of relations, mentality adjustment often can't keep up.　　"Wu said. He mentioned that the investment in 07 was getting hotter, and by the time it was particularly hot in 08, he was really scared, "because of the process, you haven't had a chance to respond, and you're basically able to hold it." 08 fell down to catch up with financing. 9 months, toss for half a day, and then fell over, less than one months, and took, others started chasing, toss too fast. The opportunity to come, to invest, has not been out of breath, and come up again. "We now feel that the investment is not very comfortable, however, the crisis has been a toss, make us more mature." No matter what the reason, approval slow, time cost control, after the listing, you want to run can not run off. "In the end he thinks that when the industry is both objective and subjective, it is time to think of itselfSelf-discipline, long-term, cultural construction, team building, organizational construction, long-term training of talent, must mention the agenda. "Now look back and do these things. So I think it is still a very meaningful, in China a big situation growth, in China's great environment is very conducive to an environment, with such a toss, for our mature, growth is very very good thing. So overall, the more optimistic. But in today's sense, it's a bit hot, but anyway, we have to be more peaceful. So this toss, we think it's good. ”