中国风险投资发展现状

沈文京科技部科研条件司SHENWenjingDivisionChiefDepartmentofFacilitiesandFinancialSupporttheMinistryofScienceandTechnology中国风险投资发展现状StatusQuoofVentureCapitalinChina摘要：沈文京处长就中国风险投资发展现状做了详细介绍。在介绍中国风险投资发展概况时，他回顾了中国风险投资的发展历程，审视了目前的发展状态，指出中国加大了风险投资政府引导基金的力度，并形成了具有中国特色的风险投资资金网络。此外，他还对中国风险投资行业进行了特征分析，进一步分析了中国风险投资的营商环境，并简要介绍了中国风险投资未来发展趋势。Abstract:Mr.SHENWenjinggavedetailedintroductiontothestatusquoofventurecapitalinChina.HereviewedthehistoryofChina'sventurecapitaldevelopmentandexamineditspresentsituation,indicatingthatthegovernment-guidedfundisintensifiedandaventurecapitalnetworkwithdistinctiveChinesecharacteristicshasalreadytakenshape.Moreover,Mr.SHENalsoanalyzedthefeaturesofChineseventurecapitalindustry,itsbusinessenvironmentandfutureprospects.主要内容Outline中国风险投资行业特征分析FeatureanalysisofChineseventurecapitalindustry2中国风险投资主要营商环境分析AnalysisofbusinessenvironmentofventurecapitalinChina3中国风险投资发展概况IntroductiontothedevelopmentofventurecapitalinChina1中国风险投资未来发展趋势DevelopmenttrendofChineseventurecapital4中国风险投资发展历程DevelopmentcourseofChineseventurecapitaly1985年，国务院正式批准成立了中国第一家风险投资机构——“中国新技术创业投资公司”。yIn1985,thefirstChineseventurecapitalinstitution---“ChinaNewTechnologyVentureCapitalCompany”wasestablishedundertheofficialapprovaloftheStateCouncil.y1999年，科技部“科技型中小企业技术创新基金”正式启动。yIn1999,“TechnicalInnovationFundforSmallandMedium-sizedEnterprisesofMOSTwasofficiallylaunched.一、中国风险投资发展概况1.IntroductiontothedevelopmentofventurecapitalinChinay1999年，国家科技部、计委、经贸委、人民银行、财政部、税务总局、证监会七部委联合出台《关于建立风险投资机制的若干意见》。yIn1999,theMinistryofScienceandTechnology,theStateDevelopmentPlanningCommission,theStateEconomicandTradeCommission,thePeople’sBankofChina,theMinistryofFinance,theStateAdministrationofTaxationandtheChinaSecuritiesRegulatoryCommissionjointlyissued“OpinionsonEstablishingaVentureInvestmentMechanism”.一、中国风险投资发展概况1.IntroductiontothedevelopmentofventurecapitalinChinay2002年，科技部、商务部、国家开发银行等联合启动了首次“全国创业风险投资年度调查”。yIn2002,theMinistryofScienceandTechnology,theMinistryofCommerceandChinaDevelopmentBankjointlylaunchedthefirst“NationalAnnualSurveyofVentureCapitalInvestment”.y2011年，科技部、财政部、国务院国资委、一行三会、税务总局等八部委联合出台《关于促进科技和金融结合加快实施自主创新战略的若干意见》。yIn2011,theMinistryofScienceandTechnology,theMinistryofFinance,theState-ownedAssetsSupervisionandAdministrationCommissionoftheStateCouncil,Onebankandthreecommissions(thegeneralheadquartersofPeople'sBankofChina,ChinaSecuritiesRegulatoryCommission,ChinaInsuranceRegulatoryCommission,ChinaBankingRegulatoryCommission)andtheStateAdministrationofTaxationjointlyissuedOpinionsonPromotingtheIntegrationofScienceandFinanceandAcceleratingtheImplementationofIndependentInnovationStrategy.一、中国风险投资发展概况1.IntroductiontothedevelopmentofventurecapitalinChinay2010年，世界主要国家GDP继续呈现出不同程度的回暖，风险投资业亦开始稳步回升。yIn2010,GDPofmajorcountriesaroundtheworldhasshownthesignsofrecoveryofvaryingdegrees,andventurecapitalindustrystartedtopickupsteadily.主要国家GDP变动趋势（2006-2010）TrendofGDPgrowthofmajorcountriesaroundtheworld(2006-2010)一、中国风险投资发展概况1.IntroductiontothedevelopmentofventurecapitalinChinay2010年，中国风险投资业发展迅猛，风险投资企业（基金）达到720家，较2009年增加144家，增幅25％；风险投资管理资金总量达到2406.6亿元，增幅达49.9%，平均基金规模达到3.3亿元，较2009年增加20.1%。yIn2010,Chineseventurecapitalindustrywitnessedrapiddevelopmentwith720venturecapitalinvestedenterprises(fund)alreadyestablished,increasingby144and25％comparedwith2009;thetotalamountofventurecapitalmanagingfundreached240.66billionRMB,increasingby49.9%.Theaveragefundsizestoodat330millionRMB,increasingby20.1%comparedwith2009.一、中国风险投资发展概况1.IntroductiontothedevelopmentofventurecapitalinChina中国风险投资机构数、管理资本总量变化趋势VariationtendencyofthenumberofChineseventurecapitalinstitutionsandthetotalamountofmanagingfund一、中国风险投资发展概况1.IntroductiontothedevelopmentofventurecapitalinChinay2010年，中国风险投资的资本来源结构仍以未上市公司为主体，占总资本的33.3%，政府出资与国有独资投资机构出资合计占比37.6%。yIn2010,themajorsourceofcapitalforChineseventurecapitalinvestmentwasstillunlistedcompanieswhichaccountedfor33.3%ofthetotal,whiletotalamountofcapitalfromgovernment-supportedandstate-ownedinvestmentinstitutionstookup37.6%ofthetotal.中国风险投资资本来源（2010）SourcesofcapitalofChineseventurecapitalinvestment(2010)一、中国风险投资发展概况1.IntroductiontothedevelopmentofventurecapitalinChinay从中国风险投资业内的资本形态来看，近年来呈现出较为明显的特征FormsofcapitalinChineseventurecapitalindustrydemonstrateddistinctfeaturesinrecentyears:y一是，政府引导基金力度加大。yFirstly,government-guidedfundisintensified.y二是，风险投资机构呈现出伞形化、集团化的发展趋势，形成了具有中国特色的风险投资资金网络。ySecondly,venturecapitalinstitutionsshowatrendofumbrella-typeandcollectivizeddevelopment,shapingaventurecapitalnetworkwithdistinctiveChinesecharacteristics.一、中国风险投资发展概况1.IntroductiontothedevelopmentofventurecapitalinChina二、中国风险投资行业特征分析2.FeatureanalysisofChineseventurecapitalindustry（一）累计投资情况(1)Cumulativeinvestment:y截至2010年底，中国风险投资机构累计投资8693项，其中投资于高新技术企业（项目）数占比59.4％；累计总投资额达到1491.3亿元，其中投资高新技术企业（项目）金额占比54.23%。yBytheendof2010,cumulativeinvestmentofChineseventurecapitalinstitutionshascovered8,693projects,inwhichhi-techenterprise(projects)investmenttookup59.4％;thetotalcumulativeinvestmentstoodat149.13billionRMB,inwhichhi-techenterprise(projects)investmenttookup54.23%.指标类型累计投资项目总数（个）投资科技企业/项