报告简介

Research Field: Economic & Technological Development Zones in China
Development Zones Involved: Beijing Economic-Technological Development Area, Tianjin Economic and Technological Development Area, Qiangdao Economic & Technological Development Area, Guangzhou Economic and Technological Development Zone, Suzhou Industrial Park, etc.
Report Highlights
In the wake of the global financial crisis in 2009, Chinese economy began to show signs of recovery and growth. In 2010, Chinese economy is expected to grow at steadier pace. Against the backdrop of growing and far-reaching impact of economic globalization, China's economic & technological development zones are facing new situations: on the policy level, the adjustment and reinvigoration plan for eleven major industries as well as an array of policies including "ensuring growth", "adjusting structure", "stimulating domestic demand" and "improving people's livelihood" have all made economic & technological development zones as the key carrier; on industry level, more and more economic & technological development zones have made emerging industries such as pharmaceuticals, environmental protection and new energies as the top priorities, which are also the focus of attention for the government; on environment level, the concept of ecological civilization put forward by the 17th Congress and the attention on low-carbon economy will have significant impact on the development of economic & technological development zones.

In the first half of 2009, 54 national-level economic & technological development zones realized RMB 580.317 billion in industry value-added, RMB 2288.63 billion in gross output value (current price), RMB 145.066 billion in tax revenues, USD 146.246 billion in total imports and exports, of which USD 78.154 billion for exports and USD 68.092 billion for imports, and USD 10.008 billion in actual use of foreign investment. In the new context, China's economic & technological development zones characterized by intensive and export-oriented production demonstrate some new features: the shift of growth mode driven by foreign investment and exports to the growth mode that attaches importance to both domestic and overseas demand; the shift of the development mode from single industry clusters to the combination of multi-level and progressive industry systems; the shift from traditional industries such as chemicals and machinery manufacturing to emerging industries such as new energy, environmental protection and biotech.

Through years of great efforts, CCID has constantly improved the investment environment competitiveness evaluation index system for China's economic & technological development zones to analyze, assess and measure the investment environment competitiveness of various economic & technological development zones based on five major factors: infrastructure competitiveness, industry ecosystem competitiveness, management service competitiveness, featured policy competitiveness and technological innovation competitiveness, in a bid to provide preference and decision-making basis for investors, companies in the development zones and people who manage the zones. Based on accurate data description and unique analysis and elaboration, the report anatomizes the development and changes in economic & technological development zones this year from multiple perspectives.

In the face of competitions as well as market changes and challenges, the 2009-2010 Annual Report on Investment Environment Competitiveness of China's Economic & Technological Development Zones will help enterprises, investors and industry insiders more profoundly sort out the investment values and operational patterns of economic & technological development zones, and more accurately grasp the status of the investment environment in the economic & technological development zones. The report also summarizes and analyzes the competition performance, characteristics and existing problems of the economic & technological development zones in 2009, and forecasts the development trend of the investment environment.
In-depth, complete and accurate research data. Based on in-depth research on the characteristics of economic & technological development zones, the report provides vivid description of changes in the development zones in terms of infrastructure competitiveness, industry ecosystem competitiveness, management service competitiveness, featured policy competitiveness and technological innovation competitiveness, presenting clear development direction.
All-round and in-depth competitive analysis. The report highlights the competition positions and strengths of various development zones through ranking by indexes and regions, displays hot investment areas in the eastern (including Bohai Rim Area, Yangtze River Delta, and Pearl River Delta), central, western and northeastern regions. Based on its profound understanding of economic & technological development zones, CCID established AHP matrix system consisting of 5 items and more than 30 sub-items, and reviews core elements undermining the competitiveness of development zones.
Systematic and practical comparison of competitiveness factors. The report provides judgment of development trend and guidance of development direction to help development zones achieve healthier and more harmonious development.

报告目录

Research Object
Main Conclusions
Key Findings
I. Analysis on the Development of China's Securities Market in 2009
(I) Overall Size of China's Securities Market, 2007-2009

(III) China's Bonds Market

(IV) China's Securities Investment Funds Market in 2009

(V) Innovation Products of China's Securities Market

II. Overview of IPOs in China's Growth Enterprise Market

(I) Overview of the Examination of Enterprises' IPO Implications in China in 2009
(II) Overview of IPO Issues of Enterprises in the GEM in China in 2009
(III) Overview and analysis on Enterprises' Failure in the IPO Implications
1. Overview of the enterprises that have been failed to receive the approval of IPO from the IEC in 2009
2. Analysis on causes that have led to the failure of enterprises in receiving the approval of IPO from the IEC in 2009

3. Overall analysis on risks in issuance and examination of IPOs

III. Analysis on Factors Affecting the Development of IPOs in China's Growth Enterprise Market

(I) Favorable Factors

(II) Unfavorable Factors

IV. IPO Strategies of Chinese Companies on GEM in 2009

(I) IPO Strategies of Chinese Enterprises

1. Industry attributes and GEM selection
2. Financing size arrangement
3. Total equity design
(II) Strategy for Selecting the Ownership and Control Right

1. Strategy of setting circulation ratios
2. Strategy of control right selection for actual controller

3. Strategy of risk venture investment introduction
(III) IPO Pricing Strategy

1. Distribution strategy of the pricing range
2. Distribution strategy of the P/E ratio
3. Judgment of pricing reasonableness: IPO underpricing (P1-P0)/P0

(IV) Issuance cost and Intermediaries Selection Strategy
1. Issuance cost selection strategy
2. Sponsor institution selection strategy
V. Forecast on the Development of IPOs on China's Growth Enterprise Market

(I) Forecast on the IPO Size

(II) Forecast on the Structure of IPO Capital

(III) Forecast on the Structure of IPO Industries

VI. Recommendations from CCID Consulting

List of Tables

Comparison of Securities Market Sizes, 2007-2009

Overview of China's Stock Market Operation in 2009
Enterprises Wanting to be Listed on the GEM That Have Launched the IPO Applications in 2009

Industry Attributes of Enterprises Wanting to be Listed on the GEM That Have Launched the IPO Applications in 2009

Industry Equity Structure of Enterprises Wanting to be Listed on the GEM That Have Launched the IPO Applications in 2009

Return on Assets of Enterprises Wanting to be Listed on the GEM That Have Launched the IPO Applications in 2009

Overview of Enterprises That Have Received the Approval of IPO from the IEC on the GEM in China's Securities market in 2009

Regional Distribution of Enterprises Wanting to be Listed on the GEM That Have Launched the IPO Applications in China's Securities Market in 2009

Equity Structure of Enterprises Raised IPO Applications to be Listed on the GEM in 2009

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List of Figures
Number of Enterprises Listed in China's A Share Market, 2007-2009

Annual Trend of Shanghai Composite Index in 2009

Distribution of Industry Attributes of Enterprises Wanting to be Listed on the GEM That Have Launched the IPO Applications in 2009

Distribution of Regional Attributes of Enterprises Wanting to be Listed on the GEM That Have Launched the IPO Applications in 2009

Industry Distribution of Enterprises Started the IPO on the GEM in China's Securities Market in 2009
Regional Distribution of Enterprises Started the IPO on the GEM in 2009
Regional Distribution of Enterprises Being Listed on the GEM in China's Securities Market in 2009 by the Financing Size
Industry Distribution of Enterprises Being Listed on the GEM in China's Securities Market in 2009 by Financing Size
…