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Advocate Self-Regulation, Enhance Standard and Promote Sound and Sustainable Development of the VC/PE Industry |
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-- CVCA has released the first Code of Conduct for the VC/PE industry in the Greater China |
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August 22nd 2011, Beijing, China -- China Venture Capital and Private Equity Association (¡°CVCA¡±), the self-regulatory industrial organization in Greater China, has complied and released the first CVCA Member Code of Conduct (¡°the Code of Conduct¡±) in the Greater China. The Code of Conduct aims to promote industrial standards, advocate self-regulation and good conduct, and promote sound and sustainable development of the VC/PE industry in China. The Code of Conduct regulates CVCA members¡¯ conduct in four aspects including integrity, compliance with laws and regulations, responsible investment and investor relationship. CVCA has sought advice and suggestions from its members and industry practitioners, learned from the code of conduct and self-regulations of Europe and US whose VC/PE industry is more developed to formulate the Code of Conduct which is consistent with present status of the VC/PE industry in the Greater China. Yichen Zhang, the Chairman of CVCA, pointed out that with the booming of the VC/PE industry, CVCA duly formulated the Code of Conduct. The Code of Conduct will have serious significance in promoting good conduct among CVCA members, and promote self-regulation and standards of conduct. CVCA calls on all members to comply with the Code of Conduct. The Code of Conduct is not exclusive to CVCA members. CVCA hopes to promote and improve the Code of Conduct more widely in the industry and to make the Code of Conduct the most acknowledged industrial standard and self-regulation of the VC/PE industry in the Greater China. Appendix: Full text of the CVCA Member Code of Conduct. |
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About China Venture Capital and Private Equity Association ("CVCA") The China Venture Capital and Private Equity Association ("CVCA"), incorporated in the middle of 2002, is a member-based trade organization established to promote the interest and the development of the venture capital ("VC") and private equity ("PE") industry in the Greater China Region. Currently CVCA has more than 150 member firms, which collectively manage over US$500 billion in venture capital and private equity funds. CVCA's member firms have long and rich experience in PE and VC investing worldwide and have made many successful investments in a variety of industries in China, including information technology, telecommunications, business services, media and entertainment, biotechnology, consumer products, general manufacturing and more. Formerly known as China Venture Capital Association (CVCA), the association was renamed China Venture Capital and Private Equity Association in December 2010. More information about CVCA, please visit www.cvca.org.cn. Any inquires, please contact: Sabrina Tian, CVCA Tel: 8610-85183584 Fax: 8610-85150845 Email: sabrina@cvca.org.cn |