China attracted US$44.13 billion in venture capital in 2005 a fraction up on 2004.
By region:
Shanghai attracted 23% of the total venture capital
Shenzhen attracted 6.8% falling from 17.3% in 2004 and 32.6% in 2003
Southeastern China attracted 21.9% down from 46.1% in 2004
West China grew to 20.4% from 4.3% in 2004, ranking third in the country.
By Industry:
The integrated circuit industry attracted the most venture capital, with 8.84 percent among all 15 industries funded by venture capitalists. The runner-up was the telecom industry, with 7.64 percent.
In October 2005 the State Administration of Foreign Exchange suspended Circulars No. 11 and No. 29 (to maintain the balance of international payments and better regulate foreign capital). Some say the two circulars had held back red chip listings.
Survey results also show more than half the insiders are optimistic about the development of China's venture capital industry in 2006.
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