在华投资

Acknowledgement ⅠPreface ⅢIntroduction ⅤSection One Opportunities for Private Equity InvestorChapter 1 Areas for Investment 1.1 Market in General 2 1.2 IT and Biotech 7 1.3 Service Industries 19 1.4 Manufacturing Industries 28Chapter 2 Identifying Opportunities 2.1 Investment Criteria 41 2.2 Market and Project Evaluation 46 2.3 Technology, Market and Location 50 2.4 Focusing on Private Sector 55Chapter 3 M&A in China

Acknowledgement ⅠPreface ⅢIntroduction ⅤSection One Opportunities for Private Equity InvestorChapter 1 Areas for Investment 1.1 Market in General 2 1.2 IT and Biotech 7 1.3 Service Industries 19 1.4 Manufacturing Industries 28Chapter 2 Identifying Opportunities 2.1 Investment Criteria 41 2.2 Market and Project Evaluation 46 2.3 Technology, Market and Location 50 2.4 Focusing on Private Sector 55Chapter 3 M&A in China 3.1 The market and trends 67 3.2 Opportunities & obstacles for international investors 70 3.3 Process of acquiring a Chinese company 73 3.4 Risk concern 79 3.5 Key M&A success factors 84 Section summarySection Two Venture Capital Industry in ChinaChapter 4 Introduction to Venture Capital Industry 4.1 History 90 4.2 Government's role 97 4.3 Advantageous conditions 101 4.4 Problems with venture capital growth 104 4.5 Basic features of venture capital investment 108 4.6 Other features of venture capital investment 114 4.7 Cases 116Chapter 5 Legal and Social Cultural Environments 5.1 Legal environment on foreign direct investment 124 5.2 Capital Raising 127 5.3 Capital Structure 131 5.4 Intellectual Property Rights 133 5.5 Tax System 136 5.6 Foreign-Invested Venture Capital Enterprise 141 5.7 Governmental Authorities for Foreign Investors 145 5.8 Trend towards Improving the Legal Framework 148 5.9 Chinese Cultural Values on Business 155 5.10 Attitudes of Foreign Invested Enterprises on China's Business nvironment Chapter 6 Venture Capital Originations and Venture Capitalists 6.1 Domestic Venture Capital 162 6.2 Venture Capital Organizations Funded by Governments 169 6.3 Domestic Venture Capital Organizations 174 6.4 Foreign Venture Capital 181 6.5 Intermediaries 186 6.6 Domestic Venture Capitalists 195 6.7 Sino-Foreign Venture Capital Cooperation 203 6.8 Cases 208Chapter 7 Survey and Quantitative Analysis 7.1 Hypothesis 215 7.2 Questionnaire 224 7.3 Figures and Data Analysis 226 7.4 Discussion and Implication 241 Section Summary 243Appendix Resources Integration Perspective of Venture Capital /Private Equity over Public Equity Market A.1 Introduction 245 A.2 Literature Review: Information Asymmetry and Agency Cost in Venture Capital Model A.3 Research Objectives 252 A.4 Information as Organizational Resource 253 A.5 Human Capital as Committed Resource 259 A.6 The Resources Integration Perspective 264 A.7 The Productivity of Public Equity Market 266 A.8 Discussion and Implication 270References 274About Authors 277

本书是第一本关于中国风险投资产业和私人股权投资的英文书。全书采用定量和定性分析的方法，突出一般介绍和具体实战操作相结合。在简介私人股权投资的基础上，作者主要阐述中国风险投资的相关问题，讨论了在现行中国的法律、政策和商业环境下可行的实务操作。因此，那些对中国大陆了解甚少但却希望进入中国大陆的境外私人股权投资者和风险投资家将会从中有所收益。由于提供了一些兼并的实战操作方法以及投资领域和机遇的大量信息，所以本书有助国内外的投资公司在中国大陆进行股权投资业务。

本书适合下列人员阅读：私募股权投资行业人员，寻找创业资金的企业家，工商管理及经济学院的学生与教师，政策研究政府工作人员，投资银行、证券、信托、保险等金融有关行业人士，对资本运作操作有兴趣、欲对其做了解或研究的人员，研究资本运作的企业家，创业企业经理人员。也可以作为大学研究生院和MBA课程的教学参考书和专业培训教材。