清科研究中心发布《2020年中国信托公司股权投资发展研究报告》

股权投资是信托公司布局发展的重要方向之一，但由于股权投资始终处于信托公司的非核心业务位置，实际业务中的股权投资也多是“明股实债”的形式，因此关于信托股权投资的研究相对较少。基于此，本课题以中国信托行业整体发展脉络和方向为“基底”，以信托股权投资相关业务发展研究为“主线”，结合典型发展模式和案例的研究，从多个角度梳理、总结中国信托公司股权投资业务的发展环境、发展现状及发展特点，探讨信托行业整体发展方向和趋势。

清科私募通统计：截至本周五下午，投资、上市和并购共148起事件，涉及总金额626.37亿人民币。

私募通一周基金速览

In Q1’21, with a variety of vaccines available on the market, the global economy has rebounded on an accelerated track after registering positive growth in the fourth quarter of 2020, but performance of different countries varies greatly. 2021 marks the start of China's 14th Five-Year Plan period and China's economy is enjoying a sustained and stable recovery. In Q1’20, China's GDP experienced negative growth, down by 6.8% YoY. In Q1’21, China's GDP increased significantly YoY and the trade surplus expanded. The 10-year U.S. Treasury bond yield increased by an average of 47bp compared with the previous quarter. The U.S. dollar depreciated first and then rose; the British pound was relatively stable, the Australian dollar depreciated slightly, and the euro and the yen depreciated by a large margin. The currency exchange rates of most emerging economies rose first and then fell, with little fluctuation over Q4’20. Capital flew back to the United States, and emerging economies were facing the challenge of capital outflow. U.S. stocks began to diverge with the Dow Jones Industrial Index continuing to rise and the Nasdaq Index beginning to go downward. In the latest issue of the World Economic Outlook Report, IMF’s projections for the global economic growth for 2021 and 2022 grew, which may cause widening gap in living standards among countries. China's GDP has returned to the pre-Covid level and the United States is expected to return to the level before the outbreak this year, but many emerging markets will not return to the pre-pandemic level until 2023. Overall, the global economy is projected to grow 6% in 2021 and 4.4% in 2022. While the global economy became stabilized, the recovery process is divided and uncertain.

In Q1’21, with a variety of vaccines available on the market, the global economy has rebounded on an accelerated track after registering positive growth in the fourth quarter of 2020, but performance of different countries varies greatly. 2021 marks the start of China's 14th Five-Year Plan period and China's economy is enjoying a sustained and stable recovery. In Q1’20, China's GDP experienced negative growth, down by 6.8% YoY. In Q1’21, China's GDP increased significantly YoY and the trade surplus expanded. The 10-year U.S. Treasury bond yield increased by an average of 47bp compared with the previous quarter. The U.S. dollar depreciated first and then rose; the British pound was relatively stable, the Australian dollar depreciated slightly, and the euro and the yen depreciated by a large margin. The currency exchange rates of most emerging economies rose first and then fell, with little fluctuation over Q4’20. Capital flew back to the United States, and emerging economies were facing the challenge of capital outflow. U.S. stocks began to diverge with the Dow Jones Industrial Index continuing to rise and the Nasdaq Index beginning to go downward. In the latest issue of the World Economic Outlook Report, IMF’s projections for the global economic growth for 2021 and 2022 grew, which may cause widening gap in living standards among countries. China's GDP has returned to the pre-Covid level and the United States is expected to return to the level before the outbreak this year, but many emerging markets will not return to the pre-pandemic level until 2023. Overall, the global economy is projected to grow 6% in 2021 and 4.4% in 2022. While the global economy became stabilized, the recovery process is divided and uncertain.

清科私募通统计：截至本周五下午，投资、上市和并购共159起事件，涉及总金额693.28亿人民币。

根据清科旗下私募通数据统计，2021年第二季度，中国企业境内外上市总数量有173家，环比上升19.3%，同比上升98.9%。总融资额为2378.66亿元人民币，环比上升16.3%，同比上升76.2%。

清科私募通一周基金速览

In 2019, global market liquidity kept loosing and major central banks led by the Federal Reserve cut interest rates. Meanwhile, against the backdrop of slowed down global economic growth, reshaped trade pattern, good performance of emerging market currencies, all major stock indexes rose and stock markets scaled up worldwide. However, global IPOs slowed down, decreasing 21% YoY in number and climbing 1% in financing amount. In 2019, the HKEx, the NASDAQ, the SSE were the top 3 in IPO number and IPO financing amount.