Research Center

Guo Xinhong Sheng to 10 exit in the brokerage direct investment bodies exit number topped Qing Research Center recently published the research report on China's securities companies ' direct investment business, up to the end of the third quarter of 2011, with 34 total direct investment institutions securities companies achieve IPO exit 41. Shenzhen gem is most prominent, as 24 set outLiving in the territory of the three major stock market first, as brokers direct investment agency exit's main market. While direct investment institutions securities companies lucrative, but it is not uncompromising graphic in direct investment business. Main capital stocks (eleven-twenty fifths) unit fled to cut meat must regret having sudden boom is not likely in a move investors Gospel: hold stocks saved!"Experimental work started with the 2007 and 2008 the pilot scope of expanded direct investment business by securities companies roll out gradually, and became one of the most potential buyer's business. The "Qing Fu �� introduction, Research Center, but due to the September 2008 IPO within suspended brokerage direct capitalists exit is blocked. Lifted until October 2009 gem, only the firstExit through IPO brokerage direct investment institutions. Qing Studies Center data show, up to the end of the third quarter of 2011, with 34 total direct investment institutions securities companies achieve IPO exit 41. Judging from the distribution out of the market, with the exception of July 2010 investment capital by China intelligent transport systems (Holdings) limited, landed outside the Hong Kong Board implementation exit, Direct investment and exit are all located in the territory of other brokers ' market. Shenzhen gem is most prominent, with 24 out of living in the territory of three stock exchange first, as brokers direct investment agency exit's main markets, the SME Board in Shenzhen and Shanghai stock exchanges occur out of the trade 12 and 4 diablo 3 power leveling, respectively. Level of direct investment and return on investment in securities firms, municipalitiesRanking of rankings and the number of cases, occurring on the Shenzhen second Board 24 exit book return on average multiple is 5.27 times times, firmly held the market top sz small and medium enterprise Board book return average multiples 4.51 times times, 2.89 times times of Shanghai Stock Exchange. "At this stage in the market more concentrated active brokerage direct investment institutions, 41 exit only involves brokerage direct investment9. "Fu �� introduction. From the exit of direct investment institutions securities companies number, up to the end of the third quarter of 2011, Guo Xin Hong Sung to 10 exit exit number topped ranked brokers direct investment institutions, KBS investments to 9 exit the second peace diablo 3 gold, wealth and wisdom and extensive written German a 7 exit of each tied for third. Return on investment, in addition to the Hong Kong Board implementationExit investment capital, a single average return on investment of other agencies have reached more than 3 times. From an investment analysis as to the time, 41 exit from direct investment institutions securities companies stake in listed enterprises, case time is less than 18 months to 35, 85.4% per cent of total number of cases, brokers are shown direct investment "short, flat and fast," investment in windLattice. "Although direct investment institutions securities companies lucrative, but it was not uncompromising graphic in direct investment business.����"Fu �� said. Statistics show that from 2010 to 2011, direct investment by securities company subsidiary or its related equity fund invests in the enterprise, had not been passed on for the first time a total of 12, where the investor is brokerageThere were 9 cases of direct investment institutions and 3 case investors and securities companies or brokers direct investment related to the equity fund. From 9 brokerages will be not on direct investment and investment case studies, taking "direct investment the sponsor" mode 7. Investment horizon, direct investment by securities firms agencies will examine on a stake to an enterprise, but 15 months the longest.