BEC中級(jí)閱讀熱點(diǎn)新聞精選：(22)中國(guó)成為第二大風(fēng)險(xiǎn)投資目的國(guó)

中國(guó)成為第二大風(fēng)險(xiǎn)投資目的國(guó)

昨日公布的一項(xiàng)調(diào)查顯示，盡管去年英國(guó)初創(chuàng)企業(yè)的融資額增長(zhǎng)了27%，達(dá)到約14億英鎊，但中國(guó)仍取代英國(guó)，成為世界第二大風(fēng)險(xiǎn)投資目的國(guó)。

China overtook the UK as the world's second-biggest destination for venture capital investments last year, in spite of a 27 per cent rise in British early-stage company funding to about ￡1.4bn, a survey revealed yesterday.

總部位于劍橋的創(chuàng)業(yè)研究中心Library House表示，如果印度的風(fēng)險(xiǎn)資本投資延續(xù)2006年90%的增速，到2009年，印度的排名也將超過英國(guó)。

Library House, the Cambridge-based entrepreneurship research centre, said India was also due to overtake the UK by 2009 if Indian venture capital investments continued to grow at the 90 per cent rate seen in 2006.

這項(xiàng)調(diào)查是由瑞銀財(cái)富管理(UBS Wealth Management)委托進(jìn)行的。調(diào)查預(yù)計(jì)，英國(guó)今年的風(fēng)險(xiǎn)資本投資可能降至10億至12億英鎊，相當(dāng)于2003年的水平。

The report, commissioned by UBS Wealth Management, forecast that UK venture capital could decline to ￡1bn-￡1.2bn this year, equivalent to 2003 levels.

培育創(chuàng)業(yè)文化一直是“新工黨(New Labour)”的宏偉藍(lán)圖之一，但此項(xiàng)調(diào)查將引發(fā)人們擔(dān)憂英國(guó)的創(chuàng)業(yè)活動(dòng)不僅落后于美國(guó)，還落后于以更快速度增長(zhǎng)的亞洲經(jīng)濟(jì)體。

Fostering an entrepreneurial culture has been one of New Labour's main ambitions and the report will raise concerns that the country is falling behind not only the US but also faster growing Asian economies.

調(diào)查報(bào)告指出，中國(guó)和印度的崛起分流了英國(guó)初創(chuàng)企業(yè)的資金。這與英國(guó)風(fēng)險(xiǎn)投資家所謂該領(lǐng)域正在強(qiáng)勁復(fù)蘇的說法大相徑庭。

By arguing that funding for British start-up companies is being cannibalised by the rise of China and India, the report clashes with claims from British venture capitalists that their sector is recovering strongly.

英國(guó)領(lǐng)先風(fēng)險(xiǎn)投資公司DFJ Esprit的首席執(zhí)行官西蒙?庫(kù)克(Simon Cook)表示：“風(fēng)險(xiǎn)資本已走向全球。美國(guó)資金向印度和中國(guó)進(jìn)行了大量投資，我預(yù)計(jì)歐洲資金明年也將出現(xiàn)類似情況。”

Simon Cook, chief executive of DFJ Esprit, a leading UK-based venture capitalist, said: "Venture capital has gone global. There has been a lot of capital invested in India and China by US funds and I expect that to come to Europe next year."

近年來，大規(guī)模杠桿收購(gòu)基金的快速興起令風(fēng)險(xiǎn)資本相形見絀。英國(guó)風(fēng)險(xiǎn)投資家在互聯(lián)網(wǎng)泡沫破裂后遭受嚴(yán)重虧損，他們一直未能擺脫人們的這種觀念：他們的回報(bào)比大型杠桿收購(gòu)基金低。

Venture capital has been overshadowed in recent years by the rapid rise of big leveraged buy-out funds. Haunted by losses suffered after the bursting of the dotcom bubble, venture capitalists in Britain have struggled to escape the idea they make lower returns than their bigger LBO cousins.

Library House高級(jí)分析師羅杰?弗蘭克林(Roger Franklin)表示，從今年上半年的風(fēng)險(xiǎn)資本投資水平推斷，英國(guó)2007年的風(fēng)險(xiǎn)資本投資可能會(huì)減少10%至20%。這可能直接源自中國(guó)和印度風(fēng)險(xiǎn)投資活動(dòng)的快速增長(zhǎng)。中國(guó)去年的風(fēng)險(xiǎn)資本投資增長(zhǎng)了50%至60%。

Roger Franklin, senior analyst at Library House, said extrapolations from venture capital investment levels in the first half of 2007 suggested the UK was on track to see a decline of 10 to 20 per cent this year. This could be a direct result of the rapid growth in Chinese and Indian venture capitalist activity. Chinese VC investments rose by 50 to 60 per cent last year.

弗蘭克林表示：“中國(guó)和印度的增長(zhǎng)水平如此之高，可能會(huì)從更成熟的市場(chǎng)吸引部分資金。特別是美國(guó)的風(fēng)險(xiǎn)投資，也許已經(jīng)將資金從歐洲轉(zhuǎn)向了亞洲。”

"With that high level of growth in China and India it is possible that they could be sucking some money out of more mature markets," said Mr Franklin. "US venture capital funds, in particular, may have been moving money from Europe to Asia."