2023年Q4中国股权投资市场指数PEII发布

Market Overview - The comprehensive index of China's equity investment market for Q4 2023 is 178, reflecting a year-on-year decrease of 3.3% and a quarter-on-quarter decrease of 19.6%, indicating the lowest market activity in nearly three years[26] - The macroeconomic environment index for Q4 2023 is 224, showing a year-on-year increase of 20.8% but a slight quarter-on-quarter decline of 1.3%[6] Fundraising Trends - Total fundraising in Q4 2023 reached 454.43 billion RMB, down 2.2% year-on-year and 19.6% quarter-on-quarter[10] - The fundraising index for VC/PE100 in Q4 2023 is 164, a year-on-year increase of 25.2% but a quarter-on-quarter decrease of 32.6%[18] Investment Activity - The investment index for Q4 2023 is 147, down 8.0% year-on-year and 30.0% quarter-on-quarter, with 1,729 investment cases reported, a decrease of 7.1% year-on-year and 38.2% quarter-on-quarter[10] - The disclosed investment amount in Q4 2023 is approximately 144.34 billion RMB, down 12.2% year-on-year and 30.7% quarter-on-quarter[10] Exit Market Dynamics - The exit index for Q4 2023 is 101, reflecting a year-on-year decrease of 25.7% and a quarter-on-quarter decrease of 24.0%[36] - There were 540 exit cases in Q4 2023, down 22.5% year-on-year and 50.3% quarter-on-quarter, primarily due to a reduction in IPO cases[36] Sector Focus - In Q4 2023, nearly 80% of investments were concentrated in five sectors: semiconductors and electronic equipment, automotive, biotechnology/healthcare, IT, and machinery manufacturing, highlighting a focus on technological innovation and domestic substitution[33]