Through the interpretation of the eight sub-industries, we find that these emerging industries have broad development space and represent the future industrial development direction and hot spots. And a series of related statistics also show that VC and PE have increased their investment in these emerging industries in recent years, which has continuously injected fresh blood into the next development of these industries.
Medical treatment: the eternal sunrise industry
Reasons for listing: people's livelihood, sustained growth, no periodicity and stable profit. "Medical care will be the three areas that IBM will focus on in 2009." An IBM insider has publicly stated. Faced with the business opportunity of 850 billion yuan medical reform, many multinational companies such as IBM, Siemens, Cisco and GE have taken action one after another. From the perspective of 12 venture capital's promotion of emerging industries, medical care is generally optimistic. Nine companies, including IDG, Zero2IPO, Softbank Safran and Qiming Venture Capital, introduced the medical industry and gave high marks.
Medical industry is an industry closely related to residents' lives. With the continuous growth of residents' wealth, people's requirements for health are getting higher and higher. Because of this, the total sales of the medical industry has been in the process of continuous expansion, with no cyclical characteristics, so the medical industry is also regarded as the "eternal sunrise industry." Judging from the trend of the previous A-share market, there are strong investment opportunities in both bull and bear and medical stocks.
From the international situation, with the rapid growth of China's pharmaceutical market, China's pharmaceutical consumption is increasing year by year, and China is becoming a "big cake" that cannot be ignored in the world pharmaceutical market. Data show that the pharmaceutical market in China (excluding OTC and proprietary Chinese medicines) has been growing at a rate of about 20% every year in the past four years. The industry predicts that by 20 13, the pharmaceutical market in China will reach 390 billion yuan, making it the third largest market in the world.
The medical industry in this list is in a broad sense, including pharmaceutical industry, medical devices and medical services. According to the statistics released by China Investment, there are 48 investment cases in the medical industry since February 2008, involving an investment amount of 6. 10 billion US dollars. From this, we can see that the medical industry is increasingly becoming a "fragrant cake" in the eyes of venture capitalists.
Chain service industry: "Top students" from traditional industries
Reason for being on the list: The chain model can change the traditional service industry, reduce the learning cost and brand promotion expenses, and gain the first Mover advantage. With the concept of "China consumption" being sought after in foreign capital markets, the chain innovative brands in the traditional service industry have always attracted the attention of the investment community. RobertJohn, an investment banker at Merrill Lynch, once said that the simple concept of China can no longer impress American investors, and enterprises with consumer concept will be more favored.
According to the statistics of China Investment Group, there were 35 VC and PE investment cases in the chain service industry in 2008, involving funds of 8.1600 million US dollars. Although the business content of chain service industry is not unique, the chain model can bring consumers consistent experience and expectation, and can quickly cover the market through standardized management, copying products and management experience. In addition, chain operation can also reduce the cost of learning and brand promotion, and it is easier to gain the first Mover advantage. With the increasing wealth of China residents, China's consumer market has attracted increasing global attention. Jiang Xiaodong, chief representative and director of NEA China, believes that the change of consumption structure is an essential change in recent years, and it is possible for China to create a world-class consumer service brand. In his view, when China's service industry accounts for 70% of the total GDP, companies similar to UPS, GAP and Warmart will appear in China.
Judging from the domestic chain service industry, a number of well-known brands such as Home Inn, Red Kids and Little Sheep have emerged. Although the chain service industry is born out of the traditional industry, its profitability is no less than other emerging industries. Backed by the huge potential consumer market in China, the next development of the chain service industry will be even more noticeable.
Wind power: the most mature clean energy
Reasons for listing: mature technology and model; Global wind power is developing rapidly; China has a huge market potential. Recently, the Global Wind Energy Council announced that in 2008, the newly added installed capacity in the world reached 27 million kilowatts, an increase of 28.8%, which was higher than the average growth in the past 10 years. By the end of last year, the total installed capacity in the world had exceeded1208 million kilowatts, which was equivalent to reducing emissions by158 million tons of carbon dioxide.
Steve, Secretary General of Global Wind Energy Council. Sawyer believes that the global market has a huge and growing demand for zero-emission technologies such as wind power. In order to avoid the irreversible consequences of climate change, global greenhouse gas emissions must peak around 2020 and begin to decline, and wind power is the only power generation technology that can achieve this goal. According to the news from the European Wind Energy Association, wind power has become the leading source of new installed power capacity in Europe.
Among clean energy sources, from the perspective of technology and development mode maturity, wind power generation will lead other new energy sources in a long time because of its relatively mature technology and more electricity it provides than other renewable energy sources such as solar energy and bioenergy.
As far as China is concerned, wind power generation is in the stage of rapid development in recent years. According to the data, in 2008, nearly13 of the world's newly installed capacity occurred in Asia, with the most significant increase in China, with the newly installed capacity reaching 6.3 million kilowatts. The total installed capacity of wind power in China has exceeded1.20 million kilowatts, accounting for 23% of the world, ranking second. Steve. Sawyer declared last year that China will become the world's largest producer of wind turbines in 2009, which will bring new changes to the rapidly developing renewable energy field.
The reason why the world is optimistic about China's wind power industry is mainly because China's wind power enterprises have great cost advantages and their technical level is not weak. In addition, the capacity expansion of China enterprises has always been very fast, and the manufacturing capacity is very strong. At present, there is basically no export of wind power equipment produced in China. Once the government supports and promotes it, the export of wind power equipment in China will develop rapidly and share the feast of global wind power rise. Remarks: China's medium-and long-term development plan for renewable energy recently announced that the total installed capacity of wind power should reach 30 million kilowatts by 2020. On the whole, the future development of wind power in China is boundless.
Financial services: the crisis will not change the growth prospects
Reason for listing: The financial services industry is needed to tide over the financial crisis, and the following capital flows also need some new terms such as "small enterprise seed fund", "sales chain financing", "data financing" and "inventory pledge", which frequently appear in the media after the financial crisis. Although the current global financial crisis has produced a strong shock wave to the financial services industry, experts in the industry have said that the financial crisis will not change the growth prospects of the financial services industry. The frequent appearance of these new terms also shows that the financial crisis depends on the new financial services industry to support it.
With the gradual sinking of established developed countries, developing countries are in a sustained and rapid growth. This will lead to a huge international capital flow, and some current financial services can play a promoting role in this process. From the perspective of capital flow, financial services is an industry that truly faces the global market. Siegel, a professor of finance in wharton school, said that the current financial crisis only changed the names of players and would not change the future growth prospects of the financial services industry.
In response to the financial crisis, the state has issued a series of policies in the field of financial services, aiming at solving the problem of tight capital chain of enterprises. Among them, the establishment of small loan companies to attract private capital is one of the measures to deal with the financial crisis. This means that the underground "money house" that "can't see the sun" is gradually being "adapted" and begins to intervene in the financial services industry aboveboard. In addition, if the Lender Regulations are promulgated and implemented, it will be the biggest reform of China's financial industry in the past 30 years. Since personal lending can be legalized, we should admit that private finance has become an indispensable part of China's financial industry.
No matter whether it is an enterprise or an individual, those who deal with finance will only grow, not decline. This means that the next development space of the financial services industry will be very broad. The financial services industry will be more and more detailed to better meet the different needs of different customer groups.
Power battery: the core of future cars
Reason for listing: New energy vehicles have been put on the agenda, and the future of power batteries is boundless. Wang Chuanfu, the chairman of BYD, has always been low-key, once said with "lofty sentiments and ambitions" that "BYD will become the first automobile enterprise in China in 20 15 and the first in the world in 2025!" Wang Chuanfu's high profile is not without reason. As the largest rechargeable battery manufacturer in China, and with the investment of Buffett1800 million Hong Kong dollars, BYD will have great potential in the field of electric vehicles.
In response to the global energy crisis, western developed countries have explored a new way of energy consumption based on coal-oil-electricity, and "replacing oil with electricity" is becoming a development trend to alleviate the global energy shortage. From the domestic perspective, the contradiction between energy supply and demand in China is increasingly prominent, and the dependence on foreign countries is constantly improving. Among them, automobile oil consumption accounts for one-third of the total oil consumption in the country. Developing clean new energy vehicles is an inevitable choice for energy transformation.
"Rent batteries, send cars", some people have such a "bold idea" for the future automobile industry, which is reasonable. As a key component of electric vehicle, power battery restricts the development of electric vehicle. It can be said that the competition focus of the automobile industry in the future will be on the power battery.
From the policy point of view, from the Eighth Five-Year Plan to the Eleventh Five-Year Plan, and then to the promulgation of the new energy vehicle production access management rules on 1 1 day in 2007, we can see the determination of the country to accelerate the development of new energy vehicles. From the market point of view, the development of new energy vehicles is the general trend. In this context, power batteries will have a very broad development space and become the "gold industry" in the era of new energy vehicles.
Solar energy industry: short-term distress is a good time to invest.
Reason for listing: In the long run, solar energy has the greatest prospect among new energy sources. According to the predictions of the World Energy Organization (IEA), the European Joint Research Center and the European Photovoltaic Industry Association, photovoltaic power generation in the world will account for1%of the total power in 2020 and 20% of the global power generation in 2040. According to this calculation, the growth rate of the global photovoltaic industry will be as high as 25%-30% in the next few decades.
China's solar photovoltaic industry is in a three-headed situation (technology is outside, raw materials are outside, and the market is outside). In 2008, due to the financial crisis, a large number of domestic solar module production enterprises stopped production or closed down due to lack of orders. Statistics show that by the end of 2008, 350 solar module enterprises had closed down in China, leaving only about 50 enterprises.
Due to the bleak market expectations, venture capitalists are quietly moving away from the solar photovoltaic industry. Xu Jinrong, chairman of Jiangsu Hi-Tech Investment Group, said that it is unlikely that the company will reinvest in crystalline silicon photovoltaic cell projects in 2009. Ma Jun, today's capital investment manager, also said that all the projects they encounter with crystalline silicon batteries are directly PASS.
The market of solar photovoltaic products mainly depends on the cost of power generation. If the cost can be reduced, it will have an infinitely broad prospect. Relevant industry insiders who participated in the first China-US Green Energy Forum said that the solar power generation industry is undergoing the first cycle adjustment, and 2009 will be the best time for venture capital funds (VC) and private equity funds (PE) to invest in solar energy enterprises.
Although solar energy is trapped at present, in the long run, once there is a technological breakthrough, the cost of power generation can be reduced, and the solar energy industry will face explosive development. For the solar energy industry, long-term fishing can catch big fish.
Education and Training: Prosperity without Bubble
Reasons for being on the list: there is a great social demand and there is a certain entry threshold. For the education and training industry, the financial crisis has actually played a run-up role. In order to enhance employment competitiveness and find a good job, more and more people choose to go to relevant education and training institutions for further study. From the perspective of capital market, 2008 is a bumper year for education and training industry. Relevant survey data show that online education in China only accounted for 5% of the whole education and training market in 2006, and its share has increased to10% in 2008. Experts predict that the distance education market will continue to rise in the future, and the average annual growth rate can even reach 40%.
The booming development of education and training industry has also attracted the favor of many VC and PE. According to statistics from ChinaVenture, there were 30 investment cases in education and training in 2008, involving an amount of 458 million US dollars, which was 62% higher than that in 2007. Education and training has become one of the most valuable investment projects in China, which is highly praised by strategic investors all over the world.
The reason why education and training are developing in full swing in China is that university education in China can't meet the needs of social posts well. In recent years, universities have been expanding enrollment, and the employment pressure of young people is increasing. This situation has provided a broad development world for private education and training, and sub-education and training markets such as vocational skills training and overseas study training have mushroomed. "Private education in China is a huge market that needs to be developed urgently." Liu Erhai, general manager of Lenovo Investment, once said this.
As long as any phenomenon is overheated, it is possible to have a bubble, but most people in venture capital and education and training enterprises believe that there is no bubble in the education industry. Yang Dong, a partner of Softbank Safran Investment Fund, believes that the education and training industry is relatively slow due to its development characteristics, such as the training of teachers, and it needs long-term and stable investment to be rewarded.