本科控制护理管理学1.PPT

of 58 Why Developing Countries “ Economic growth remains the primary driver of increasing emerging market private equity commitments. Source: ” Exhibit 2 Higher growth Lower leverage High rate of job creation Support for smaller company 4 of 58 Why Developing Countries EU 36% 26% Asia/Oceania 27% 15% Exhibit 3 For 2010 2011, Asia/Oceanias share is higher than both the EU15 and the USA 5 of 58 Why Developing Countries Emerging markets increase US one of countries that declined fastest Exhibit 4 5 The index measures: size of gov, expenditures, taxes, enterprises, legal structure and security of property rights, access to sound money freedom to trade internationally regulation of credit, labor, and business 6 * of 58 Why Developing Countries Exhibit 6 7 Both the Breadth and the Quality of the Emerging Market Private Equity Opportunity have Improved Since 2000. 7 of 58 Why Developing Countries Restructure external debt Boost economic health Increase investor confidence Lower tax on capital gains Encourage equity investment stock market growth Lower investing costs Diminish info asymmetries of 8 of 58 Why ChinaIndia Emerging Asian markets NO.1 attractive destinations for global investors China No.1 investment target for 9 consecutive years India No.2 investment target Rising Middle Class Urban Migration Increasing Market Demand 10 of 58 Why China India 11 1980s Foreign direct investment allowed: 4 economic zones (1990 every city) 1990 1st stock exchange 2001 Join WTO 2004 2nd board for SMEs—liquidity for 29.3m SMEs(contributes 75% workforce, 51% GDP 2004 Legalized the ownership of private property gave corporation an infinite life 2006 Bankruptcy law—framework of bankruptcy in private and state-owned enterprises, clear procedures for insolvent enterprise to restructure or exit allotment option on IPOs, one year lockup of 58 Loading HOW Fundraising Investing Exiting 1 2 3 14 of 58 How Fundraising – Fund Structure Limited liability partne