The news story you are looking for has expired. A more recent related article is displayed below.

Sponsored Links

Fujian to Build Provincial Venture Capital Fund

FUZHOU, Jun 03, 2009 (SinoCast Daily Business Beat via COMTEX) --

Fujian Province, east coastal China is to establish a provincial venture capital fund in 2009, which will specialize in the investment in seeded, innovative and growth small and medium enterprises (SMEs) that have not listed and support of them to make a debut on the growth enterprise market (GEM) and main board.

With an initial scale of CNY 600 million, the fund is operated and managed by Fujian Investment and Development (Group) Co., Ltd., which starts business on April 30, 2009 and is a large-sized provincial state-owned group with total assets of more than CNY 20 billion and net assets of more than CNY 10 billion.

The fund will mainly make investment in Fujian-based SMEs that tally with the national industrial polices on the initial stage. It will give priority to high-tech companies, upgraded companies in major industries, joint-stock companies that plan to list, eligible venture capital companies, and promising companies. 

Source: www.cnstock.com (June 03, 2009)

Copyright (C) 2009 SinoCast. All rights reserved

News Provided by COMTEX


Related terms: business, china, industrial, investment, venture capital, SinoCast China Business Daily news, SME, listing, investment, VC, fund, assets

Related Articles

Ontario Venture Capital Fund makes first direct co-investment with investment in I Love Rewards -
Jun 17, 2009
Ontario Venture Capital Fund makes first direct co-investment...I Love Rewards The Ontario Venture Capital Fund (OVCF) today announced that...they need. About the Ontario Venture Capital Fund The $205 million Ontario Venture...

IT start-ups get £150m cash injection
Jun 30, 2009
...150m to bridge a funding gap in the venture capital market for tech start-ups. ...businesses at a time they need it most. Venture capital finance is the lifeblood of innovation...current reduction in the availability of venture capital funds. Last week, Julian Frost...

Brazil: Venture Capital's Next Hotbed?
Jul 6, 2009
Brazil is best known around the world for soccer, samba music, and supermodels. Now it's emerging as an attractive destination for investment capital.At a June 25 conference in New York, a Brazilian venture capital trade group announced some impressive figures. As of the end of 2008, local and

Money flows into green transport despite recession
Jul 2, 2009
... Despite the financial recession, venture capital investment in green technology rose...ventures. Over the past three months, venture capital invested $600 million in green transportation...Mark Jensen, managing partner of the Venture Capital Services Group at Deloitte, and a...