Hunan'S First Venture Capital Fund Set Up A Registered Capital Of 130 Million

Hunan Zhongke Yuelu venture capital fund was set up today, with a registered capital of 130 million yuan.

It is reported that this is the first venture capital fund in our province.

To encourage and support the establishment of venture capital fund is an important measure for the Changsha municipal government to innovate and develop the venture capital.

Hunan Zhongke Yuelu venture capital (Fund) Co., Ltd. was founded in accordance with the idea of "government guidance and market-oriented operation". It was decided by more than 20 provincial and foreign investment units of Shanghai Heng Cheng venture capital company and Changsha state owned assets management and operation company, and private enterprises contributed more than 90%.

The positive role of venture capital in China's investment and financing system reform and the promotion of new and high technology development of small and medium-sized enterprises has increasingly attracted the attention of the state.

Encouraging venture capital has become an important financial policy. The Shenzhen Stock Exchange has launched the SME edition, the venture capital will be set up, and the venture capital environment has been gradually improved. Venture capital investment in China has come to a new climax.

In 2007, there were 440 venture capital investments in China, an increase of 35.8%, and total venture capital reached 3 billion 247 million US dollars, an increase of 82.7%.

After the establishment of the Yuelu fund, the international fund management mode has been adopted for professional operation. Relying on the expert team of Beijing branch of Zhongke merchants, focusing on the construction goals of Hunan's "two oriented society" and the requirement of Changsha to speed up the new industrialization, a number of new and high growth enterprises are selected to invest. In addition, they provide tangible capital to enterprises, while promoting the ability of independent innovation from the perspective of shareholders, helping enterprises to become bigger and stronger quickly, and accelerating the process of entering the capital market of Changsha and Hunan's dominant enterprises.