Bright spots seen in bearish investment market
China's investment market is witnessing its "coldest winter" with total funds raised falling by 10 percent on a yearly basis to 1.08 trillion yuan ($153 billion) during the first 11 months of this year, with some industry experts opining that the drought is not as bad as predicted.
According to a report from venture capital and private equity research firm Zero2IPO, net investment in the domestic market during the first 11 months was 730 billion yuan, down 29.5 percent on a yearly basis.
The information technology, internet and medical care sectors were the major beneficiaries with investments of 135.7 billion yuan, 105.5 billion yuan and 103.2 billion yuan, the report said.