The Lifting Of The Ban Period Is Approaching &Nbsp.

As of yesterday,

Recently, a venture capital agency official told reporters that venture capital agencies "

Profits from investing in gem greatly surpass overseas markets

The growth and growth of the growth enterprise market is growing rapidly, and the investment market is gradually becoming mature and rational.

Among the 120 listed companies in gem, more than 70 companies are backed by venture capital firms (VC) or private equity (PE). The success of IPO in each gem has brought an admirable return for these speculative institutions.

According to statistics of the Qing Research Center, as of the end of last year, China's Shenzhen gem and

Recently, market rumors say that the SFC has asked for an extension of the "lock in" period in the new internal regulations. The period of the first 1 years before the prospectus is published, the lock up period has been extended from the previous 1 years to 3 years, causing widespread concern in the industry.

Many researchers have found that although some venture capital firms have been waiting for more than 10 years to complete the listing, many investment institutions have completed the stock market after Target Corp has entered the listing process. The time from investment to "over meeting" is about 1 years, with typical characteristics of "low risk and high return".

The fastest is only 9 months.

Nearly 20% of the listed companies applying for growth enterprise market are "wasting their time".

Successful IPO brings huge returns to venture capital institutions, but there are also great risks.

Statistics show that up to now, 36 companies failed to pass the 184 listed applications approved by the GEM board, accounting for 19.6% of the total number of applications.

In these unmet enterprises, there are 15 enterprises supported by VC/PE, accounting for 41.7% of the total number of enterprises that have not passed the meeting.

It is mainly concentrated in machinery manufacturing, IT industry and clean technology industry.

The venture capital institutions that support these enterprises include Merrill Lynch ventures and Beijing field Venture Capital Limited.

It is understood that, because the GEM listed companies need to meet the characteristics of high growth and high technology content, and belong to the "two high and six new" characteristics of the new economy, new services, new agriculture, new materials, new energy and new business models, whether enterprises can achieve the above requirements has become an important criterion for deciding whether or not to apply for listing.

The reason for this is that the main reason for the failure of IPO in some enterprises is that the net profit and growth of the company have not been recognized.

Hunan Jin Neng science and technology is an enterprise that produces blasting materials for industrial explosive engineering. Because its net profit of more than 2000 yuan in 2009 can not ensure future growth, it is rejected by the SFC's trial board.

Shanghai's Tongji Tongjie company, which is engaged in vehicle and parts design, failed to pass the approval because its net profit in 2008 was lower than that in 2007.

Global venture capital institutions continue to bullish the Chinese market

Chinese enterprises with PE as the source of financing will increase.

A few days ago, DDT's "China private equity investment confidence survey" report was released.

According to DDT's survey, investors are very optimistic about the PE market in China. 79% of respondents expect investment activity to increase in the next 12 months.

27% of respondents believe that the consumption and retail trade activities will be most frequent in the next 1 years.

According to the survey, 76% of respondents believe that the PE market's "exit activities" will increase in the next 1 years, and the launch of the gem and the maturity of the investment companies will drive the "exit activities" of the Chinese market.