The development of China s fund industry

Investment in major listed companies in the industry:At present, the main listed companies in the domestic investment industry include Jiuding Investment (600053), Northeast Investment (000686), GF** (000776), Yangtze River (000783), Shanxi (002500), etc.

The number of equity investments, the scale of equity investments, the structure of equity investments, and the distribution of equity investments.

In 2021, China's equity investment** market has picked up

From 2017 to 2020, the amount of equity investment raised in China has decreased year by year, and in 2020, it will be about one trillion yuan, and the number of equity investment raised will be 3,478. In the first three quarters of 2021, the fundraising environment of China's equity investment market continued to improve, with 454 new fundraisings and a fundraising scale of one trillion yuan, both of which exceeded the total amount in 2020.

The scale of venture capital and growth is relatively high

In terms of investment types, in the first three quarters of 2021, in terms of the number of funds raised, venture capital accounted for the proportion, followed by growth, and the total proportion of the two reached; In terms of the amount raised, growth accounted for the proportion, followed by venture capital, which together accounted for nearly 90%.

Zhejiang Province is leading in the development of the equity investment market

Judging from the number of new raisings in the country in the first three quarters of 2021, among the 4,574 ** raised in the country, the number of ** registered in Zhejiang Province reached 1,016, ranking first in the country, with a year-on-year increase; followed by 872 in Guangdong Province, 611 in Shandong Province, 496 in Jiangsu Province, and 295 in Jiangxi Province, and the total number of new recruits in the top five provinces and cities accounted for 72%.

Judging from the amount of new raisings in the first three quarters of 2021, among the trillions raised in the country, the amount raised in Jiangsu Province reached 100 million yuan, ranking first in the country, followed by 100 million yuan in Zhejiang Province, with a small gap between the two, followed by Guangdong, Shandong, and Jiangxi, and the total amount of new raisings in the top five provinces and cities reached.

Judging from the distribution of the number of newly registered equity investments** in the China Investment Industry Association (AMAC) in the first three quarters of 2021, there are a total of 1,363 in Zhejiang Province, accounting for 21% of the national market, followed by Guangdong Province accounting for 19% and Shandong Province accounting for 14%.

The above data refer to the Prospective Industry Research InstituteAnalysis report on China's industrial investment** industry market prospect and investment strategic planning

**It will be a tool for more and more people to invest in financial management and asset allocation.

Answer]: In October 1991, Wuhan **Investment** was established, which was the earliest ** in China. The first batch of ** is also known as the old **.

At the beginning of the development, there was no unified law and regulation to restrict the approval and transaction of the company, which caused many problems, and the interests of the sage were also effectively protected.

In November 1997, the Interim Measures for the Administration of Investment were promulgated, marking the beginning of the pilot work of investment. In March 1998, Cathay ** Management Company and Nanfang ** Management Company were established, and China's ** industry really started. From 1998 to the end of 2004, China has set up a total of 54 closed enterprises, with a total scale of 100 million yuan.

The operation of the closed ** has been largely successful. The "Interim Measures for the Administration of Investment" clarifies that China is a contractual investment, and clearly stipulates the legal rights and responsibilities of the holder (client), the management company (trustee) and the custodian (trustee). After the investment in the pilot, the regulatory authorities have invested a lot of energy to set up a basic framework for operation and supervision.

A standardized information disclosure system has also been established. **The internal control system of the management company is also effectively established. **The operation is becoming more and more systematic, and the investment philosophy is diversified.

Before the end of 2000, the investment in China's market was closed. In October 2000, the China Securities Regulatory Commission (CSRC) promulgated the "Measures for Open-ended Investment", marking the beginning of the pilot project of dismantling and quiet-code opening. In September 2001, China's first open-ended ** - Hua'an ** was issued, which marked another step forward for China's ** market to international practice.

By the end of 2004, there were 46 management companies, 107 open companies, and a total scale of 243.8 billion yuan.

At the end of 2004, China's first ETF base travel which gold - SSE 50 ETF** was born on the Shanghai Stock Exchange, and the first LOF** - Southern Active Allocation ** was officially listed and traded on the Shenzhen Stock Exchange. Since 2005, China's commercial banks and insurance companies have also been allowed to set up management companies, which will have a great impact on further promoting the development of China's infrastructure and gold industry.

——Analysis of the development of China's venture capital industry in 2022 The IT industry has the highest amount of venture capital

Venture capital**investment amount, venture capital** rate of return.

The scale of venture capital** is growing rapidly

From 2016 to 2018, China's venture capital market continued to heat up, after several years of irrational prosperity, in 2019, China's venture capital market fully entered the first period, the overall pace slowed down, compared with 2018, the amount and number of investment in 2019 decreased significantly, and then China's venture capital market gradually returned to rational investment. In 2021, China's venture capital market will usher in prosperity again, with 5,208 investment cases and an investment amount of 100 million yuan.

Sequoia China has the highest amount of investment

According to the data of Private Equity, in the first half of 2022, among the investment institutions in China's venture capital market, Shenzhen Capital Group has the highest number of investment cases, with 159 and 88 respectively, and Sequoia China ranks first in terms of investment amount, reaching 100 million yuan.

Venture capital** in the IT sector has the highest amount of investment

In terms of the industry distribution of venture capital in the first half of 2022, from the perspective of the number of investment cases and the number of jujube models, the IT industry is still an industry that investors continue to be optimistic about and vigorously pursue, with an investment amount of 100 million yuan, accounting for the total investment amount. At the same time, the semiconductor and electronic equipment industry, the Internet industry, the machinery manufacturing industry and the automobile industry are all investment hotspots, and the number and amount of investment are among the top in the whole industry.

Venture capital** institutions are mainly exited by IPO

In the first half of 2022, there were 561 exit cases of Chinese VC institutions, of which IPOs were the main exit methods, accounting for the total number of exit cases. Proportion in the form of equity transfer.

Venture capital institutions exit return multiples are higher

In the first half of 2022, the average return multiple was concentrated in 1-10 times, and the return amount was concentrated in the range of 10 million to 100 million yuan. Overall, the average return multiple of VC investment exits is higher.

Similar to the American 80's side hall. The current market environment of China's public offering is similar to that of the United States. The market refers to the place where investment and trading are carried out, and is a part of the market.

Developed countries and regions** operation and management norms and transparency

Western countries have a high degree of marketization, reasonable system construction, standardized and transparent operation and management, asset evaluation through the market, no guarantee of investment returns, and the volatility risk of investment income is borne by investors. It can be seen that the success of the industry depends more on a unified, liquid and efficient market with a high level of development, so as to avoid insider trading and market manipulation, reduce the internal governance risk of listed companies, reduce transaction costs and irrational fluctuations in the market, and effectively protect the interests of investors. Investors' confidence is more important than the amount of income and wealth they have, and strengthening investors' confidence depends on the establishment and improvement of various market systems, such as the information disclosure system, legal system, accounting system, and the formulation and implementation of policies.

The system is unreasonable and imperfect, and it can be improved, but it cannot be without "rules of the game".

Answer] :d The development of China's leather disturbance industry can be divided into the following stages: embryonic and early development period (1985-1997); Pilot development phase (1998-2002); The rapid development stage of the industry (2003-2007); The steady development of the industry and the exploration stage of Li Di's innovation (2008-2014).

Risk prevention and normative development stage (2015-present).

Answer]: The expression of item aa is wrong, the trend and characteristics of the development of the global ** industry include the dominance of the United States, and the rapid development of other countries and regions; Open-ended has become the mainstream product of investment; The competition for silver imitation in the Datan market has intensified, and the trend of industry concentration is prominent; There has been a significant change in the funding of the assets; The scale of passive** such as ETFs has expanded rapidly; Alternative investments** are on the rise.

Answer: C

The performance of China's ** industry in the rapid development stage includes: (1) ** performance is exceptionally good, hitting a record high. (2) The scale of industry assets has grown rapidly, and the team of investors has grown rapidly.

Jingzhou Dou 3)** Product and business innovation continues to develop. (4) ** The differentiation of management companies has intensified, and the business has shown a trend of diversification. (5) Strengthen first-class supervision and standardize the development of the industry.