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2012年,中国VC/PE市场全面陷入低潮。从募资情况来看,由于对经济环境的悲观预期以及二级市场的长期低迷,部分LP自身资金链紧张;从退出渠道来看,境内外IPO市场难言乐观,截至2013年4月3日,经过一轮监管层主导的IPO在审企业的自查、抽查后,境内IPO排队上市企业仍有615家,IPO尽管预计呈现回暖趋势,但难以实现较大的转机。国内大量基金都面临退出压力。正是在这样的背景下,作为VC/PE市场重要的组成部分,私募股权二级市场开始在中国萌芽。2012年6月,北京金融资产交易所(以下简称
In 2012, China’s VC / PE market hit a low ebb. From the fund-raising situation, due to pessimistic expectations of the economic environment and the long-term secondary market downturn, part of the LP’s own capital chain tension; from the exit channels, the domestic IPO market is unspeakable, as of April 3, 2013 After a round of regulatory-led IPO in the self-examination of enterprises, random checks, the IPO of listed companies in China there are still 615, IPO despite the warming trend is expected to show, but difficult to achieve a greater turning point. A large number of domestic funds are facing exit pressure. It is in this context, as an important part of VC / PE market, private equity secondary market began to sprout in China. June 2012, Beijing Financial Assets Exchange (hereinafter referred to as