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VC firms optimistic about China investment prospects
By Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-02-19 18:42 Over half of venture capital (VC) companies from home and abroad remain optimistic about investment prospects in China, though most of them are more cautious due to the current financial turmoil, a report said.
China Venture Capital Research Institute Ltd surveyed 402 VC companies over the past three months, including 261 local companies and 141 overseas ones. According to the survey, 57 percent of VC companies believed there would be investment opportunities for China in the current financial crisis, while only about 1.64 percent of respondents said they were pessimistic about future investment in the country.
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