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CVCA releases ¡°China VC/PE Fund Managers' Confidence Survey Report 2012¡±

Dear CVCA members,

From April to May 2012, National Venture Capital Association (¡°NVCA¡±) in the U.S. associated with 13 representative VC/PE industry associations from different countries and regions to conduct 2012 Survey on the Investment Confidence of the Global Venture Capitalists. CVCA invited representative members to participate in the survey and acquired first hand information on the domestic market in China. Based on careful study and analysis on the data, we have prepared and hereby present the China VC/PE Fund Managers¡¯ Confidence Survey Report 2012, in the hope of offering guidance and reference for you to understand the development trend and investor confidence in VC/PE industry.

For more detailed information, please download the full report:China VC/PE Fund Managers' Confidence Survey Report 2012

This report obtains the following key findings:

Macro Economy
  • Fund managers lack confidence in China's current macro economy
  • Fund managers maintain prudent optimism over China¡¯s macro economy in the next year
  • Most of the fund managers are pessimistic over the global economy
Capital Market
  • Fund managers are relatively optimistic about the capital market system in China
  • Fund managers are less optimistic about the global capital market system compared with that of China
Fund Raising Environment
  • Lack confidence in raising funds from domestic LP
  • Enhanced confidence in raising funds from overseas LP
Policy Environment
  • The government should improve its capability to release supporting policies for the VC/PE industry
Investment Confidence
  • Fund managers are relatively optimistic about the prospect of the investment
Industry Preference
  • VC fund managers favor the consumer service and health care industry
  • PE fund managers favor the agribusiness
Should you have any questions about this report, please feel free to contact us. Key contacts: Vincent Guo, Director of Public Policy and Research, E-mail: vincent@cvca.org.cn, Tel: 86 10 8518 3584- 803; Esther Gong, Analyst, E-mail: esther@cvca.org.cn, Tel: 86 10 8518 3584- 802.


About China Venture Capital and Private Equity Association
Founded in 2002, China Venture Capital and Private Equity Association ("CVCA") 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 100 member firms, which collectively manage over US$500 billion in total AUM. CVCA members are representatives of the most seasoned PE/VC investors and service providers who have experienced global economic cycles. The members have made many successful investments in a variety of industries in the Greater China Region. CVCA is dedicated to promoting the progress and the healthy and sustainable development of venture capital and private equity in China market.

More information about CVCA, please visit www.cvca.org.cn.