China Regional VC/PE Investment Market Report 2020
China Regional VC/PE Investment Market Report 2020
报告价格: 3000.00
出版时间: 2021-03-15 页数:90 咨询电话: 400-600-9460 目录下载
出版时间: 2021-03-15 页数:90 咨询电话: 400-600-9460

Theyear 2019 marks the 70th anniversary of the People’s Republic of China, and itis also a critical year to achieve the goals and tasks of building a well-offsociety in an all-round way and the 13th Five-Year Plan. The externalenvironment and internal conditions facing China's economic development arebecoming more complex, and the difficulties and challenges caused variousfactors are obviously increasing.

Externally,the trade friction between China and the United States has mitigated, and the phaseI agreement has been reached. In the future, "limited cooperation,long-term competition and interdependence" will become the new normal.Generally speaking, trade disputes, Brexit and geopolitics will continue tobring risks and challenges to the global economy. Domestically, with therelease of the Foreign Investment Law andthe negative list of foreign access, foreign access has been relaxed, andforeign companies are enthusiastic about investing in China. A number ofpolicies for tax reduction and fee reduction were introduced, and the newlyestablished market entities in China continued to grow, and the effect ofoptimizing the business environment was remarkable. China’s ranking on WorldBank’s Doing Business 2020 rose to31, up 15 from last year and 47 from the previous year. The Chinese governmenthas stepped up counter-cyclical adjustment and actively implemented the"six-stability" policy. In 2019, China's GDP increased by 6.1% year onyear, and the growth rate was 0.5 percentage points slower than that of the wholeyear of 2018. The national economy remained in a reasonable range as a whole,but the economic growth rate decreased quarter by quarter, and the downwardpressure was still relatively large.

Thepast year has become a year of innovation for the domestic capital market. TheSSE STAR Market started operating in July 2019, and the first batch of 22companies began to issue shares. Compared with other IPO exits on other boards,the listing time on the STAR was shorter, which accelerated the circulation ofprivate equity investment funds. At the same time, the Securities Law wassuccessfully revised, the comprehensive reform of the NEEQ was implemented, andthe pace of building a more improved multi-level capital market wasaccelerated.

Inthe beginning of 2020, the Covid-19 pandemic hit the global economy. For now, thepandemic has caused negative impacts on the global real economy and may make thealready difficult global VC/PE market even worse.

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