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Article: ANALYSIS - CHINA'S VENTURE CAPITAL INDUSTRY ENTERS NEW STAGE.
- Article from:
- AsiaPulse News
- Article date:
- October 15, 2001
CopyrightCOPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Oct 15 Asia Pulse - In 1986, China's first shareholding venture capital company - China New Technology Venture Capital Company, was set up. Fifteen years later, China's first partnership venture capital company - Beijing Tianlu Venture Capital Center, was launched in Zhongguancun, Beijing. The birth of such an enterprise setup regarded as being most suitable for engaging in venture capital business in China implies that China's venture capital industry has begun a new development stage.
According to the latest survey done by BVCC, China now has about 180 venture capital companies managing total capital of 15 billion yuan (US$1.8 billion). Among them, 120 ...