| In order to fend off the financial storm and reduce the venture capital investment risks, led by the Zhejiang Property Rights Exchange, a total of 11 venture capital firms based in Shanghai, Zhejiang, Shenzhen, etc. have set up an investment alliance, titled "Zhejiang Property Rights Exchange-Zhejiang Investment Alliance" several days ago. Reportedly, the investment alliance's investment amount reaches up to RMB2 billion in its initial phase.
Chunyou Yan, Chairman of the Zhejiang Property Rights Exchange, has served as the first Chairman of the investment alliance. He disclosed that as an open cooperation organization, the alliance will gather and guide all sorts of social investment sources to participate in equity investments relying on the functions of collected deals and aggregated investor relations on the Zhejiang Property Rights Exchange.
A source says that the concrete operation steps taken by the investment alliance is as follows: First, after filtrating entrusted deals and making judgment, the Zhejiang Property Rights Exchange will introduce the information concerning deals with initially recognized investment values to all the members of the alliance. Second, the alliance members that intend to conduct investment will make due diligence and put forward investment opinions. Lastly, the alliance members that have decided to conduct investment will solely or jointly sign investment contract with the investment targets. |
