The development of financing market PE in China is the first government oriented.
In 1986
State Science and Technology Commission and Ministry of Finance jointly several shareholders jointly set up Chinese entrepreneurial Vc firm, to become China's first franchise risk investment joint-stock company, was founded at the beginning of the purpose is to support the development of high-tech enterprises around the.
In 1991
Xiong Xiaoge by IDG (International Digital Group) chairman of the Asian business development assistant returned to the country, then its together to examine some of the major suit foreign VC, but they urged Xiong Xiaoge not to invest, because at that time Chinese wasn't even understand the fund management person. Then gradually fund Blackstone (BlackStone) have to Chinese Pathfinder, but most are taking a wait-and-see attitude, the reason is "related environment China has not been significantly improved".
In 1992
The formation of IDG Pacific China fund in Boston, was named the "industry first silly". The first echelon of foreign VC into the China, IDG is the leader, then Walden International, H & Q Asia Pacific, China Venture Investment Company Limited, WI Harper also entered the China.
From 1992 to 1997, foreign VC like "to grope in the dark tunnel in advance", little action. IDG is very little in the first five years of business investment, the investment amount is very small, "10-30 million in the list do". Then by the familiar media industry to the area of IT, including the Kingdee, sohu. This is the early entry into China of foreign fund joint trajectory.
From 1995 to 2004 is the initial foreign PE into China, which based on VC.
In 1995
The Chinese government set up by the "measures" management of China's industrial investment funds abroad, encouraging foreign Vc firm to invest in china. While the IT thermal transfer of the tide, a large number of foreign VC have come to China to tide.
In 1999
International Finance Corporation (IFC) stake in Bank of Shanghai can think initially possessed the characteristics of PE, but most of the industry think, the Chinese mainland's typical case of PE in 2004 June, is a famous American capital (NewbridgeCapital), to 1253000000 yuan, from the Shenzhen city government acquired a controlling stake in Shenzhen development bank in 17.89%, which is the international fund mergers and acquisitions in China's first big case, but also to produce China's first commercial banks by the international M & A fund control. Originating from many similar cases of PE to another, PE investment market is becoming active.
In 2000
Science and technology management board of Singapore's TIF and Shanghai's Resuccess Investments Limited established the first only on dollar based venture fund -- Shanghai Huaying Venture Investment Fund (in 2007 the fund incorporated into KPCB in China KPCB investment company).
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