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2024Q3中国股权投资市场指数PEII发布，环比有所回升
清科研究中心·2024-11-21 08:49

Market Overview - In Q3 2024, China's GDP grew by 4.6% year-on-year, a slight decrease of 0.1 percentage points compared to Q2 2024[5] - The overall macroeconomic environment index for Q3 2024 is 168, showing a year-on-year decline of 3.9% but a quarter-on-quarter increase of 3.4%[10] Fundraising Trends - The Private Equity Investment Index (PEII) for Q3 2024 is 144, down 31.8% year-on-year but up 5.3% quarter-on-quarter, indicating a recovery in fundraising and exit activities[8] - Total fundraising in Q3 2024 reached approximately 3784.72 billion RMB, with a year-on-year decline of 33.0% but a quarter-on-quarter increase of 37.7%[12] - Large funds (over 5 billion RMB) accounted for 28.9% of total fundraising, up 4.2 percentage points from the previous quarter[12] Investment Activity - The investment index for Q3 2024 is 126, reflecting a year-on-year decline of 39.9% and a quarter-on-quarter decline of 19.0%[13] - A total of 1547 investment cases were recorded, down 44.7% year-on-year and 30.3% quarter-on-quarter, with disclosed investment amounts around 1191.65 billion RMB, a year-on-year decrease of 42.8%[13] Exit Strategies - The exit index for Q3 2024 is 76, down 42.4% year-on-year but up 9.2% quarter-on-quarter, indicating a slight recovery from historical lows[19] - There were 340 exit cases in total, a year-on-year decline of 68.7%, with IPOs accounting for 243 cases, down 47.6% year-on-year but up 60.9% quarter-on-quarter[19] VC/PE100 Index Insights - The VC/PE100 index stands at 80, down 47.6% year-on-year but up 22.4% quarter-on-quarter, showing a similar trend to the overall market index[21] - The fundraising index for VC/PE100 institutions is 144, down 41.0% year-on-year but up 63.3% quarter-on-quarter, indicating a stronger recovery compared to the overall market[24] Conclusion - Overall, the Chinese private equity market shows signs of recovery in fundraising, while investment and exit activities remain at historical lows, necessitating diversified exit strategies for VC/PE institutions[30]