在华投资：私募股权和创业资本的机会

　　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。

暂缺《在华投资：私募股权和创业资本的机会》作者简介

Acknowledgement
Preface
Introduction
SectionOneOpportunitiesforPrivateEquityInvestor
Chapter1AreasforInvestment
1.1MarketinGeneral
1.2ITandBiotech
1.2.1InternetandE-commerce
1.2.2IC
1.2.3Software
1.2.4Electronics
1.2.5InteractiveTV
1.2.6Telecommunication
1.2.7WirelessTelecommunication
1.2.8Biotech
1.2.9Pharmaceutical
1.2.10TraditionalChineseMedicine
1.2.11MedicalInstrument
1.3ServiceIndustries
1.3.1Healthcare
1.3.2Retail
1.3.3TransportationandPhysicalDistribution
1.3.4OtherServiceIndustries
1.4ManufacturingIndustries
1.4.1Chemical
1.4.2Material
1.4.3NewEnergy
1.4.4EnvironmentalIndustry
1.4.5OtherManufacturingIndustries
Chapter2IdentifyingOpportunities
2.1InvestmentCriteria
2.1.1ChinaasaDevelopingCountry
2.1.2NewOpenMarket
2.1.3CostandEconomicScale
2.2MarketandProjectEvaluation
2.2.1MarketEvaluation
2.2.2ProjectEvaluation
2.3Technology,MarketandLocation
2.3.1MarketOrientationvs.TechnologyOrientation
2.3.2DifferencesofVenturesinThreeMajorCities
2.4FocusingonPrivateSector
2.4.1TheMostDynamicEconomySector
2.4.2CorporateGovernanceofPrivateCompanies
2.4.3FinancingtheGrowth
2.4.4FutureDevelopment
2.4.5EnterprisesStartedbyReturnedOverseasChineseScholars
Chapter3M&AinChina
3.1Themarketandtrends
3.1.1Foreigncapital''sM&AactivitiesinChina
3.1.2ThetrendsofM&AmarketinChina
3.2Opportunities&obstaclesforinternationalinvestors
3.2.1EnterChinabyM&A
3.2.2Opportunitiesfortypicalforeigninvestors
3.2.3Obstaclesforinternationalinvestors
3.2.4WaystoacquireapubliclistedChinesecompany
3.3ProcessofacquiringaChinesecompany
3.4Riskconcem
3.4.1Accountingconcerns
3.4.2Legalconcerns
3.4.3Otherconcerns
3.5KeyM&Asuccessfactors
3.5.1M&Aparties
3.5.2Strategy
3.5.3Publicrelationmanagement
3.5.4Riskcontrol
3.5.5Culturemanagement
Sectionsummary
SectionTwoVentureCapitalIndustryinChina
Chapter4IntroductiontoVentureCapitalIndustry
4.1History
4.1.1Primarystage
4.1.2Growthstage
4.1.3Threegenerationsinthegrowthstage
4.2Government''srole
4.2.1Purposesofpromotingventurecapital
4.2.2Government''sinvolvements
4.3Advantageousconditions
4.4Problemswithventurecapitalgrowth
4.5Basicfeaturesofventurecapitalinvestment
4.5.1Capitalsize
4.5.2Preferredsectors
4.5.3Preferredstages
4.5.4Distributionbyregion
4.6Otherfeaturesofventurecapitalinvestment
4.6.1Projectsources
4.6.2Criteriaofdecisionmaking
4.6.3Afewexitdealsandperformances
4.7Cases
4.7.1BeijingCityGovernment''sroleinthegrowthofventurecapital
4.7.2ShenzhenCityGovernment''sinfrastructures
Chapter5LegalandSocialCulturalEnvironments
5.1Legalenvironmentonforeigndirectinvestment
5.1.1Frameworkofforeigninvestmentlaws
5.1.2Basicformsofforeigndirectinvestment
5.1.3Managementproceduresforforeigninvestmententerprises
5.2CapitalRaising
5.2.1ForbiddenPrivateCapitalRaising
5.2.2CallforLimitedParmership
5.2.3NoLegalFormationofPensionsandInsurances
5.3CapitalStructure
5.3.1AbsenceofConvertiblePreferredShares
5.3.2StockOptions
5.4IntellectualPropertyRights
5.4.1Infrastructure
5.4.2Enforcements
5.4.3IntangibleProperty
5.5TaxSystem
5.5.1OverviewoftheTaxSystem
5.5.2TaxesApplicabletoForeignInvestors
5.5.3TaxIncentives
5.6Foreign-InvestedVentureCapitalEnterprise
5.6.1Qualifications
5.6.2ProceduresoftheEstablishment
5.6.3BusinessScope
5.6.4CapitalContributionsandAlteration
5.6.5VentureCapitalManagementEnterprise
5.6.6GeneralCommentsontheRegulations
5.7GovernmentalAuthoritiesforForeignInvestors
5.7.1RelevantState''sLawsandRegulations
5.7.2RolesofLocalRegulations
5.7.3RelevantGovernmentalAuthorities
5.8TrendtowardsImprovingtheLegalFramework
5.8.1ObstaclesofCurrentLegalFramework
5.8.2LegalChangesfortheGrowthofVentureCapital
5.8.3ProgressoftheDraftedLawandRegulations
5.8.4PromotionLawonSMEs
5.9ChineseCulturalValuesonBusiness
5.9.1EvolutionofCulturalValues
5.9.2DealingwiththeChineseinBusiness
5.9.3ChineseNegotiationFeatures
5.10AttitudesofForeignInvestedEnterprisesonChina''sBusinessEnvironment
Chapter6VentureCapitalOriginationsandVentureCapitalists
6.1DomesticVentureCapital
6.1.1Sources
6.1.2Non-BankFinancialInstitutions
6.1.3ListedCompanies
6.1.4PrivateCapital
6.2VentureCapitalOrganizationsFundedbyGovernments
6.2.1Features
6.2.2TendtoChange
6.3DomesticVentureCapitalOrganizations
6.3.1IncentiveandRestrictiveMechanisms
6.3.2AdditionalCapitalraising
6.3.3TypicalOperation
6.3.4RiskControl
6.4ForeignVentureCapital
6.4.1InvestmentStructures
6.4.2Sources
6.4.3ActiveFirms
6.5Intermediaries
6.5.1ConsultingFinns
6.5.2VentureCapitalAssociations
6.5.3GuarantyCompanies
6.5.4Incubators
6.5.5OtherIntermediates
6.6DomesticVentureCapitalists
6.6.1Roles
6.6.2CurrentQualifications
6.6.3Sources
6.7Sino-ForeignVentureCapitalCooperation
6.7.1Necessity
6.7.2CooperationModes
6.8Cases
6.8.1LegendCapital
6.8.2ShenzhenVentureCapitalCo.,Ltd.
Chapter7SurveyandQuantitativeAnalysis
7.1Hypothesis
7.1.1CommentonCurrentSituationofVCIndustryinChina
7.1.2ProposalforDevelopmentStrategy
7.2Questionnaire
7.3FiguresandDataAnalysis
7.3.1Comment1to12
7.3.2Proposal1to16
7.4DiscussionandImplication
SectionSummary
AppendixResourcesIntegrationPerspectiveofVentureCapital/PrivateEquity
overPublicEquityMarket
A.1Introduction
A.2LiteratureReview:InformationAsymmetryandAgencyCostinVenture
CapitalModel
A.2.1RaisingFund
A.2.2IdentifyingInvestment
A.2.3DealStructure
A.2.4Monitoring
A.2.5ExitInvestment
A.3ResearchObjectives
A.4InformationasOrganizationalResource
A.4.1DecisionMaking
A.4.2InformationProductivity
A.4.3ComparativeConsultation
A.5HumanCapitalasCommittedResource
A.5.1Entrepreneur''sObjectiveHumanCapital
A.5.2Entrepreneur''sSubjectiveHumanCapital
A.5.3VCs''HumanCapitalandParmerSelection
A.5.4IncentiveMechanismforHumanCapitalProductivity
A.6TheResourcesIntegrationPerspective
A.6.1TheSubstitutabilityandInterdependencebetweenFinancialCapital
andHumanResources
A.6.2TheSubstitutabilityandInterdependencebetweenHumanCapital
andInformation
A.7TheProductivityofPublicEquityMarket
A.7.1MarketEfficiencyvs.EconomicEfficiency
A.7.2BeyondInformationAsyrmnetry
A.7.3BehavioralFinance
A.7.4StockFundManager''sShort-Termism
A.8DiscussionandImplication
A.8.1ResourcesIntegrationAdvantageofVCoverPublicEquity
A.8.2ImplicationtoCapitalMarketRestructuring
References
AboutAuthors