Shenzhen Capital Group has just celebrated its 20th anniversary. With RMB347.2 billion of funds under management, the state-owned company, which comprises a diverse range of fund types, can boast a pretty impressive track record:
- Invested RMB45.2 billion in 1,016 portfolio companies;
- 151 of which have gone on to list on 16 capital markets worldwide;
- Accounts for 12.4% of the value of all companies listed on A-share ChiNext;
- Compound annual growth rate of 20%.
According to Chairman Ni Zewang, the group has started exploring a “platform-based strategy”. It hopes to become a service center for venture enterprises; a central pool for venture funds; a knowledge center for the venture capital industry; a training base for venture capital talent; and an information-sharing and trading center for investment projects.
Socialism with Chinese characteristics? It sounds like there is a lot more to come from the innovative city’s premier fund manager.
Shenzhen Capital was established in August 1999 with the Shenzhen State-owned Assets Supervision and Administration Commission as the major shareholder. In the last 10 years, Shenzhen Capital took crown position five times and was in the top three four times in the annual rankings of venture-capital institutions by Zero2IPO.