All posts tagged Venture Capital

Connections trump everything in world of private equity in China

Connections trump everything in world of private equity in China

Private equity doesn’t have a long history in China, but it has grabbed attention over the past few years, partly because of the individuals standing behind the businesses. In other words, people are key in China. I mean, well, those special people.

How special is special? What kind of people are private equity funds looking for in China? Here is a job e-mail I received from a headhunter last week who is helping an unidentified “well established private equity firm with both US-dollar and yuan-denominated investment platforms” to hire a vice-president-level investment professional.

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by admin on July 29, 2013  •  Permalink
Posted in Asia, Business, China, Finance
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Posted by admin on July 29, 2013

https://theasiancenturyreport.wordpress.com/2013/07/29/connections-trump-everything-in-world-of-private-equity-in-china/

China private equity returns plummet -report

China private equity returns plummet -report

(Reuters) – Profits from China’s private equity deals have fallen since 2007, a new industry report says, leading to a sharp decline in funds for small and mid-size companies in the world’s second largesteconomy.

China’s private equity industry emerged later than its North American and European peers, but has become a vital source of growth capital for the country’s smaller companies, which struggle to get regular bank loans.

Private equity capital has fuelled companies such as Alibaba Group, 360Buy and Tudou Holdings , and the prospect of strong returns attracted investors to commit $124 billion to China in the last 10 years, says Asia Private Equity Review, which produced the report.

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by admin on July 12, 2013  •  Permalink
Posted in Asia, Business, China, Finance, Investment, Stock
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Posted by admin on July 12, 2013

https://theasiancenturyreport.wordpress.com/2013/07/12/china-private-equity-returns-plummet-report/

China’s CSRC May Soon Be Crowned the Country’s Private Equity Regulator

The scales are tipping in favor of the China Securities Regulatory Commission as it battles it out with China’s top economic planner, the National Development and Reform Commission, to become the key regulator of its local private equity funds.

China’s State Commission Office for Public Sector Reform recently announced that the CSRC will oversee the administration of domestic private equity and venture capital funds, including the protection of their investors. Meanwhile, the NDRC will focus on formulating policies to help promote the private equity industry.

The fact that the State Commission Office for Public Sector Reform, which is led by both the State Council and the Community Party of China, got involved in this internal dispute “suggests that this tug of war needed to be resolved at an unusually high level of government,” Andrew Ostrognai, a Hong Kong-based corporate partner and chair of Debevoise & Plimpton LLP’s private equity practice in Asia, wrote in a note.

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by admin on July 10, 2013  •  Permalink
Posted in Asia, Bank, China, Finance, Policy, Regulation
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Posted by admin on July 10, 2013

https://theasiancenturyreport.wordpress.com/2013/07/10/1460/

New Financiers in Silicon Valley Eye China

 

Deng Feng, founding partner of Northern Light Venture Capital, confers with entrepreneurs working with InnoSpring. [Photo/China Daily]

A growing number of venture capitalists with roots in China are helping prepare Silicon Valley tech startups to enter the Chinese market with cash infusions and business-incubator services.

These financiers – Chinese-born entrepreneurs who studied or made their fortune in California‘s technology mecca or were backed by China‘s government or technology and science parks – are part of renewed VC interest in the region.

China‘s still-growing economy, the central government‘s thirst for technology and incentive programs such as the 1,000 Elite Program of subsidies of up to 1 million yuan ($157,000) each have combined to attract talent and companies across the Pacific.

Venture capitalists with a Chinese background invested in 28 US companies last year, double the number in 2009, according to data from Dow Jones & Co.

In Silicon Valley, Chinese venture capitalists have partnered with US counterparts to compete against established players in the area of tech startup incubation.

 

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by byu2012 on August 19, 2012  •  Permalink
Posted in Asia, Asian conferences, Business, China, Finance
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Posted by byu2012 on August 19, 2012

https://theasiancenturyreport.wordpress.com/2012/08/19/new-financiers-in-silicon-valley-eye-china/

Malaysia IPO Market to Keep Edge Over Regional Rivals

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While several IPOs (initial public offerings) have been shelved in recent months in Asia’s financial hubs Hong Kong and Singapore, strategists say Malaysia, which has seen some successful listings this year, will maintain its edge given a strong pool of domestic investors and reasonably priced deals.

Malaysia was home to the world’s second biggest IPO in 2012 with homegrown palm oil firm Felda Global Ventures’ $3.3 billion listing last month. Asia’s largest hospital operator, which is backed by the Malaysian government,IHH Healthcare is planning to list its shares in Malaysia and Singapore on July 25 after successfully pricing a $2.1 billion IPO.

This will take the number of public listings in Malaysia to around 11 so far this year and means that Kuala Lumpur is running neck-and-neck with China’s Shenzhen as Asia’s top destination for IPOs.

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by Innovator on July 23, 2012  •  Permalink
Posted in Asia, Business, Finance
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Posted by Innovator on July 23, 2012

https://theasiancenturyreport.wordpress.com/2012/07/23/malaysia-ipo-market-to-keep-edge-over-regional-rivals/

China’s Tight Job Market Defies Economic Downturn

ChinaFotoPress

Workers living through the slowest run of global economic growth in more than three years are in fear for their jobs everywhere except in the very place investors are most concerned about – China.

Despite six straight quarters of slowing growth, there are more job vacancies in China than there have been for around a decade, giving workers the unlikely luxury of job-hopping during a downturn.

“It’s not that I am not happy in my current job, but everyone has the freedom to look for better opportunities and bigger companies to work for,” said Hu, an urban planner browsing a weekend jobs fair in north Beijing.

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by Innovator on July 23, 2012  •  Permalink
Posted in Business, Industry, Market
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Posted by Innovator on July 23, 2012

https://theasiancenturyreport.wordpress.com/2012/07/23/chinas-tight-job-market-defies-economic-downturn/

China’s CNOOC to Buy Canada’s Nexen for $15.1 Billion

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China has made its first tentative investment in Canada during 2005, when it purchased 16.7 percent share of the then-private oil sand developer MEG Energy with 120 million dollars. Today, reported by the Reutors, it is making a bigger move.

China’s top offshore oil producer CNOOC has agreed to buy Canada’s Nexen for about $15.1 billion in one of the most ambitious acquisitions by a Chinese company to date that may test Ottawa’s tolerance of foreign takeovers.

State-controlled CNOOC said it would pay $27.50 per common share, representing a 61 percent premium to Nexen’s closing price in New York on Friday.

“The aggregate value of the consideration of the proposed acquisition is approximately $15.1 billion (approximately HK$117.2 billion), and is to be payable in cash,” CNOOC said in a statement filed on the Hong Kong stock exchange.

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by Innovator on July 23, 2012  •  Permalink
Posted in Asia, Business, Energy, Industry, Market
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Posted by Innovator on July 23, 2012

https://theasiancenturyreport.wordpress.com/2012/07/23/chinas-cnooc-to-buy-canadas-nexen-for-15-1-billion/

China Banks Fall as Rate Cut Spooks Investors

Investors sold Chinese bank shares on Friday after Thursday night’s surprise rate cut, which appears aimed at putting more money into the economy at the expense of lender profitability.

The People’s Bank of China on Thursday announced second rate cut in a month, dropping lending rates to 6% from 6.31% and giving them more room to price loans lower. The changes could squeeze the minimum spread between rates on loans and deposits to as little as about 1.2 percentage points from 1.5 percentage points.

UBS Securities analyst Li Yamin says the policy changes will likely have a limited impact on banks’ net interest margin and earnings. She notes less than 5% of outstanding loans are priced below the benchmark rates.

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by Innovator on July 19, 2012  •  Permalink
Posted in Asia, Bank, Business, Finance, Industry
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Posted by Innovator on July 19, 2012

https://theasiancenturyreport.wordpress.com/2012/07/19/china-banks-fall-as-rate-cut-spooks-investors/

Hong Kong Developer Cartel Being Challenged: Barclays

Bloomberg News

The likes of Sino Land Co. Ltd., Henderson Land Development Co. Ltd. and Cheung Kong (Holdings) Ltd. could be seeing their elite status as property developers shaken up, according to Barclays.

The bank notes that there has been an uptick in deals in recent months by small and mid-cap property developers in Hong Kong, as well as increasing interest from mainland players, which it says is “unusual.”

Earlier this month, an entity backed by Chinese state-owned commodities trader Cofco Corp. bought a majority stake in Hong Kong Parkview Group Ltd. for HK$362 million. Hong Kong Parkview is the developer of high-end housing complex Parkview.

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by Innovator on July 19, 2012  •  Permalink
Posted in Asia, Business, Finance, Industry, Market
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Posted by Innovator on July 19, 2012

https://theasiancenturyreport.wordpress.com/2012/07/19/hong-kong-developer-cartel-being-challenged-barclays/

China Offers $20 Billion in Loans to Africa

WSJ

China pledged billions in new aid to Africa and said its companies doing business there would act responsibly, as the country seeks smooth relations with the resource-rich continent despite emerging trade and social tensions.

China will offer $20 billion in loans to African countries to develop infrastructure, agriculture, manufacturing and small and midsize enterprises, Chinese President Hu Jintao said Thursday during a gathering of African leaders in Beijing. That figure is double what China committed in 2009.

Chinese officials also stressed deepening economic ties with Africa, a major source of China’s oil, metals and other commodities. Mr. Hu said trade between China and Africa doubled in the past six years and totaled $166.3 billion in 2011, while its direct investment there has reached $15 billion.

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by Innovator on July 19, 2012  •  Permalink
Posted in Asia, Business, Energy
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Posted by Innovator on July 19, 2012

https://theasiancenturyreport.wordpress.com/2012/07/19/china-offers-20-billion-in-loans-to-africa/

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