KBS investments to 9 exit the second peace

Guo Xinhong Sheng to 10 exit in the brokerage direct investment bodies exit number topped reporter Qing Zhu Baochen branch 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 mostProminent, 24 out of living in the territory of three stock exchange 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. "As the pilot work starts in 2007 and 2008, extend the scope of the pilot, securities companies ' direct investment business gradually spread star wars the old republic power leveling, andAs one of the most potential buyers of the business. The "Qing Fu, Research Center?, but due to the September 2008 IPO suspended in the territory, brokers direct investment agency exit is blocked.　　Until October 2009 gem gate opening, first exit through IPO brokerage direct investment institutions. According to the information center for venture research, up to the end of the third quarter of 2011, 34Securities companies direct investment organisations total IPO exit 41.　　From the distribution of out of the market, with the exception of July 2010 investment capital by China intelligent transport systems (Holdings) limited swtor power leveling, landed outside the Hong Kong Board exit, direct investment and exit are all located in the territory of other brokers ' market. Shenzhen gem is most prominent, exit with 24 resident in borderThree major securities trading market in the first place, 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, respectively. Level of direct investment and return on investment in securities firms, the ranking 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 by cityTop Shenzhen second 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, exit 41 pen case involving brokerage direct investment only 9. "Foo? introduction. From the exit of direct investment institutions securities companies number, up to the end of the third quarter of 2011, Guo Xin Hong SungTo 10 exit exit number topped ranked brokers direct investment institutions, KBS investments to 9 exit the second peace, 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 outside the exit of investment capital, others are up to 3 times more than double the average return on investment. From investment timing analysis,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, quick" investment style. "Although direct investment institutions securities companies lucrative, but it was not uncompromising graphic in direct investment business. "Fu?。 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 brokerage there were 9 cases of direct investment institutions, 3 case investors and securities companies or brokers direct equity investment of investment-related institutions. On the 9Direct investment will be not brokers ' investment cases, 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.