All Customers Are Listed On Suspicion Of Waiting For Eighteen Big Policy Boots.

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Shops recently talked about whether they would restart the process of listing in the US.

But on Friday, the media interviewed an executive of Qiming venture, one of the main investors of VIC, who denied the news and said that Chinese companies are particularly cautious about the next move because they are waiting for the outcome of this week's Chinese leadership change.

Qiming venture management partner Tong Shihao said.

At present, the issue of listing in the US is not considered, because the company is still in a deficit this year, though it has made profits in recent months.

"(IPO) it's too early," Tong Shihao said. "It depends on the progress of the next few months.

We may reconsider its possibility in 3, 4 or May next year. "

It was originally planned to go public in the US before the end of 2011. The goal was to raise $1 billion by IPO, but the delay was eventually due to financial losses, although CEO and founder denied the speculation about the company's cash flow problems.

This year is quite difficult for Chinese companies who want to list in the US or have listed in the US.

A number of companies tried to list in the United States earlier this year, including Shenzhou rentals and Shanda literature. They were later abandoned because of low investor sentiment.

This year, the only one in China is in the United States.

An important company is the online fashion retailer vip.com (Vipship).

After listing in March, vip.com plunged 30% in the first few weeks, though the rebound has been strong since September.

In October 15th, China's video social networking site (YY Inc.) applied for listing in New York, trying to break the ice.

Tong Shihao, the founder of Qiming, believes that it is too early to predict the turning point of China's desire to go to the US listed companies, and that the upcoming change of leadership in China is the key reason.

"At this juncture, many entrepreneurs are very cautious about the next move. People are waiting for the outcome of next week's Party Congress and see whether the next leader will carry out major reforms."

Tong Shihao said.

"The new leader is expected to deploy policies and strategies after taking office, which will help to eliminate uncertainty in business and investment."

He added.

The National Congress will be held in November 8th, thus drawing the curtain on the change of leadership.

The change process involves the pformation of leading officials, government departments and local government officials throughout the country.

"It may herald a shift in China's policies," Tong Shihao said. "Almost everyone -- entrepreneurs, consumers or investors -- is waiting for another boot to fall."