久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Economy

China's startups boom as money pours in

(Xinhua) Updated: 2015-06-18 14:00

TIANJIN -- Young entrepreneurs are rushing to launch their dream business as investors and policy makers enthusiastically encourage a new startup trend, opening doors for people to strike gold and reverse the economic slowdown.

In the first quarter of 2015, Chinese investors staked about $260 million in angel capital, tripling the amount registered in the same period a year earlier, venture capital and private equity research firm Zero2IPO Group said on Wednesday.

The money went to finance 349 business ventures, doubling the number of projects launched in the first quarter last year, the research firm said.

Of the money invested, 43 percent was put into companies related to telecommunications and 37 percent in Internet.

Some analysts said the investment was over-concentrated in those sectors.

The Chinese government has been propping up a mass entrepreneurship scheme, vowing to unleash the full potential of innovation by cutting off policy hurdles and rolling out financial support.

It comes as the central government launches broader efforts to reduce administrative interference, bolster the private sector and reform state-owned enterprises as Chinese economy slowed to a six-year-low of 7 percent in the first quarter.

Policy makers believe more innovation and high-tech industries can help renew the made-in-China image and help support the world's second largest economy.

New efforts have caught the eye of both rich company owners and professionals as tales of fortune and declining corporate profits prompted many of their peers to leave their jobs to ride the startup wave.

The wave has seen hundreds of new mobile applications taking new approaches to taxi-hailing, healthcare and finance in the hope of catching the eye of venture capitals.

New technologies like "big data" or "cloud computing" provide a lot of new business opportunities as they offer easier access for young entrepreneurs.

"It is a golden era for both entrepreneurs and angel investors, " said Chen Bin, executive vice president of AngelCrunch, a startup brokerage firm.

According to government data, nearly 3.7 million new companies were registered in 2014, up 46 percent than a year earlier.

Statistics from the Ministry of Human Resources and Social Security showed Internet-related industry greatly contributed to the 13.2 million new jobs last year.

To garner more money in the investment pool, the central government has decided to set up a state venture capital fund.

Local governments are also moving to launch venture funds. In dozens of cities like Beijing and Shanghai, university graduates and professionals alike can be rewarded free rent or tax cuts in their startups endeavor.

State-owned enterprises are encouraged to either take part in or establish venture investment funds.

"Government-led reforms and growing enthusiasm in entrepreneurship will make China a leader in high-tech industries, " said Dai Jinping, director of Nankai Institute of International Economics.

China's startup investment, however, is still in a fledgling state compared with that in the United States. About $28.8 billion was spent as angel capital in the United States last year, which financed 75,000 projects.

Guidelines issued by the Chinese government on Tuesday may give investors more incentive to finance startups. The government plans to make new rules for startups relating to IPOs and bonds.

To file for an IPO, businesses must have turned a profit for the most recent two years and have posted accumulated profits of no less than 10 million yuan ($1.6 million). For startups, this means filing for an IPO is out of their reach.

As such, plans for a new strategic emerging industries board at the Shanghai Stock Exchange is being considered.

The Shanghai bourse is mulling relaxed criteria for listings on the new board, and the government will look into ways to allow the listing of Internet and high-tech companies that are still unprofitable on the ChiNext, the NASDAQ-style board.

Yinghe law firm co-founder Shen Wei said many other obstacles should also be removed for startup investment, suggesting more detailed policies are needed to protect the interests of investors and startup founders.

"The lack of standard company management can also be a risk," he said.

The government can encourage more money to pour in venture investment if tax breaks are offered to offset losses, Chen said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产精品久久久久久麻豆一区 | 99久久99久久精品免费看子伦 | 亚洲天堂久久精品 | a毛片在线还看免费网站 | a免费毛片在线播放 | 国内自拍在线 | 日韩一级性生活片 | 男女视频免费在线观看 | 在线视频一区二区三区在线播放 | 欧美5g影院天天爽天天看 | 亚洲天堂男人在线 | 一区二区三区在线免费视频 | 一级中国乱子伦视频 | 国产亚洲一区二区精品 | 一级毛片视屏 | 91精品一区二区综合在线 | 99国产精品欧美久久久久久影院 | 91精品成人免费国产 | 亚洲综合爱久久影院 | 爱啪网亚洲第一福利网站 | 精品国产亚洲一区二区三区 | 欧美在线观看成人高清视频 | 日韩精品一区二区三区毛片 | 亚洲欧美男人天堂 | 亚洲一区在线观看视频 | 久久国产精品久久久久久久久久 | 高清欧美一级在线观看 | 国产一区二区三区国产精品 | 国内久久精品视频 | 国产做国产爱免费视频 | 伊人婷婷色香五月综合缴激情 | 欧美一区二区三区视频在线 | 日韩欧美一区二区三区免费观看 | 亚洲女人在线 | 免费人成在线观看播放国产 | 在线观看91精品国产入口 | 精品久久久久久中文字幕网 | 久久伊人免费视频 | 久久国内精品自在自线软件 | 99视频国产精品 | 午夜精品尤物福利视频在线 |