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  • China Capital Markets & Private Equity, 2014. 2014民企国企的转型与机遇

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    Chinese-language research report on China's capital markets, IPO, M&A and private equity in 2014. Published by China First Capital

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    Chinese-language research report on China's capital markets, IPO, M&A and private equity in 2014. Published by China First Capital

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views13 pages

    China Capital Markets & Private Equity, 2014. 2014民企国企的转型与机遇

    Uploaded by

    pfuhrman
    Chinese-language research report on China's capital markets, IPO, M&A and private equity in 2014. Published by China First Capital

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 13

    2014

    www.chinafirstcapital.com
    2014
    ceo@chinafirstcapital.com

    2014

    2014

    IPO

    2008-2011 4 GDP

    9.3%

    IPO

    2014 IPO

    500

    IPO

    2009 176

    546.50

    2014

    2010 476

    1,053.54 2011

    356

    IPO 31%

    2014

    2008

    IPO
    PE

    PE
    IPO

    GDP 16% 4
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    21 , ""
    : www.chinaprivateequityblog.com

    09-11

    09-11 3000

    2012

    52 828 (

    133 ) 2011 75

    1,083 2013

    GP GP

    200

    GP

    70

    IPO
    ,

    IPO ""

    IPO

    2010 11 2011 6

    A IPO
    277 2012 11
    14 IPO

    30

    12 24

    IPO

    IPO PE

    2,619 24.4%

    GP LP

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    21 , ""
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    1,629

    PE

    41.7%

    PE

    2013 11 411

    PE

    VC/PE IPO

    PE

    IPO 49

    12%

    IPO PE

    IPO

    PE IPO

    IPO

    PE

    300

    2012

    VC 841

    2013 11 VC

    1, 062 IPO

    IPO

    IPO

    PE IPO

    IPO
    80%
    20% IPO IPO
    PE 2013

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    IPO

    PE

    Smithfield Foods

    IPO

    IPO

    11

    2001

    PE

    IPO

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    21 , ""
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    PE

    PE IPO

    PE

    pre-IPO

    pre-IPO
    3

    PE

    pre-IPO

    PE

    pre-IPO LP GP

    PE

    GP

    PE LP Pre-IPO

    2011 2012 8

    413 319
    42 50%

    IPO

    2012

    PE

    IPO

    IPO

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    OTCBB

    IPO

    PE
    PE

    OTCBB

    OTCBB

    DNA
    2013
    IPO IPO
    PE

    IPO
    2014
    300 3

    15 915 2014

    a.k.a.

    1 6 66

    OTCBB 20

    40

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    21 , ""
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    PE/VC

    2013

    2013 9 29

    10

    DNA

    11

    2013

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    80%

    GDP 20%

    10

    15
    500

    40.0%
    35.0%
    30.0%
    25.0%

    20.0%

    15.0%
    10.0%
    5.0%
    0.0%

    2003

    2004

    2005

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    21 , ""
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    2006

    2007

    2008

    2009

    2010

    2011


    ROE

    2001 2009
    8.16%
    12.9%
    4.74

    2009
    85643
    ROE
    4.74 09
    4060 09
    GDP 1.2%
    09
    6551
    7700

    8.9%
    11.9 % 33.4% 14.8%
    13.1% 17.5% 20.8%
    20.7% 21.8%
    121.6% 18.3% 19.4%
    23.9% 17.5%
    12.1% 22.4% 26.4%

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    21 , ""
    : www.chinaprivateequityblog.com

    10

    2-4 IPO

    www.chinafirstcapital.com
    21 , ""
    : www.chinaprivateequityblog.com

    11

    2014

    2014

    IMF

    2014 2.5%

    3%

    www.chinafirstcapital.com
    21 , ""
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    12

    50%2012

    53.5%

    2013

    IPO

    A IPO
    2,500
    300

    2013

    PE

    13%

    2011

    2014

    ceo@chinafirstcapital.com

    9988 24

    www.chinafirstcapital.com

    0755 - 86590540

    www.chinafirstcapital.com
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    13

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