Chinese venture capital wilts amid IPO drought

An investment fund backed by the Shanghai government says lifting the 13-month-long ban on share listings is vital to reinvigorate the troubled venture capital industry and provide the capital needed to lift mainland firms up the value chain to help them compete globally.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1358760/chinese-venture-capital-wilts-amid-ipo-drought