2017-投资界电子周刊No0573-英文版_10页_335kb

PEdaily E-Magazine Issue No.573 Summary

Core Content

The PEdaily E-Magazine Issue No.573, published on March 22, 2013, is a weekly publication aimed at professionals in the private equity (PE) and venture capital (VC) sectors. It provides timely, accurate, and in-depth market reports, integrating over a decade of research resources from the Zero2IPO Group. The magazine serves as a platform for investors, entrepreneurs, analysts, and lawyers to share insights and observe the development of China's PE/VC industry.

Main Views and Key Information

1. Zero2IPO Data: M&A Market Trends in February 2013

• M&A Deals: 48 deals were completed in February 2013, with an average deal size of US$572 million.
• Market Activity: The number of M&A deals in the domestic market dropped by 44.8% compared to January, but the total deal value surged by 790.4% due to several large transactions.
• Notable Deal: CNOOC's acquisition of Nexen for US$15.1 billion was a major driver of the increased deal value.

2. Policy and Industry Development

• New GSP Regulations: The Ministry of Health introduced the new Good Supply Practice for Pharmaceutical Products on February 16, 2013, which raised operational standards and improved drug quality control from production to sale.
• Impact: These regulations aim to standardize the pharmaceutical industry, reduce non-compliant operations, and enhance transparency in procurement and sales channels.

3. Hot News Highlights

a. Siemens Establishes an RMB VC

• Action: Siemens Venture Capital established an RMB investment entity (SVC) to invest in high-tech companies in China.
• Purpose: The move is intended to expand Siemens' business in China and support Chinese enterprises using RMB instead of USD.

b. Guangxi's First-batch PE Funds Raise RMB1.01 Billion

• Funds: Three PE funds in Guangxi raised a total of RMB1.01 billion.
• Use of Funds: The proceeds are expected to ease fundraising difficulties for SMEs and promote financial reform and innovation.

c. CDB Capital Invests in China New Town Development

• Investment: CDB Capital acquired a 40% stake in China New Town Development Co., Ltd. for HK$738 million.
• Platform: The investment was made through its overseas platform, CDB International Holdings.
• Outcome: CDB Capital became the controlling shareholder of the company.

d. Bank of Beijing Establishes Sino-Canada Fund

• Founding: Bank of Beijing, in partnership with Bank of Nova Scotia and General Research Institute for Nonferrous Metals, established Sino-Canada Fund Management Co., Ltd. in Beijing.
• Registered Capital: RMB300 million.
• Timeline: The fund company was approved by CBRC on March 4, 2013, and officially established on March 15, 2013.

e. Rumors of New Oriental's Privatization with Alibaba.com

• Rumor: There were rumors that Alibaba.com was discussing New Oriental's privatization with its chairman, Yu Minhong.
• Response: New Oriental denied the rumor but did not rule out the possibility of privatization.
• Alibaba.com: Took an ambiguous stance, making no public comment.

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Contact for Suggestions

• Email: pedaily@e-zero2ipo.com.cn
• Purpose: To receive feedback and suggestions for improving the magazine.

This issue of PEdaily E-Magazine offers a comprehensive overview of the PE/VC landscape in China, including market trends, policy updates, and notable investment activities, providing valuable insights for industry professionals.