China New Economy Fund
China New Economy Fund Limited.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| HKD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (42 %) | (43 %) | (19 %) | 16 % | (2094 %) | (95 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | (125 %) | (222 %) | (461 %) | (447 %) | 86 % | 972 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (989 %) | (625 %) | (993 %) | (195 %) | (1782 %) | 89 % | 1022 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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China New Economy Fund Limited operates as a closed-ended investment company, structured to achieve long-term capital appreciation for its stakeholders. Incorporated in the Cayman Islands on February 1, 2010, the company achieved a significant milestone with its listing on the Main Board of The Stock Exchange of Hong Kong Limited on January 6, 2011, under the stock code 00080.HK.
The fund's core strategy is to invest globally in a portfolio of both privately held and publicly traded enterprises. Its investment thesis is centered on companies that manufacture products or deliver services supported by the economies of China, Hong Kong, Macau, and Taiwan. A particular emphasis is placed on sectors associated with the "new economy," which encompass industries such as low-carbon energy, software, and internet-related businesses that rely on advanced technology and skilled workforces. The company's operations are divided into two primary segments: the investment in listed securities and the investment in unlisted securities, which includes private equity funds and direct private equities. The business model is designed for professional investors, focusing on capital growth through strategic holdings in these key economic areas.
Managed by Evergrande Securities (Hong Kong) Limited, the fund is overseen by a board of directors that includes Executive Director Chan Cheong Yee and Non-executive Co-chairmen Huang Bin and Choi Chit Sze Jackson. The firm maintains its principal place of business and headquarters in Hong Kong, positioning it at the center of the financial markets it navigates. Keywords: closed-ended investment company, long-term capital appreciation, Hong Kong Stock Exchange, HKEX 00080, China economy investment, private equity, public equity, new economy sectors, low carbon energy, internet technology investment, Asia-focused fund, Cayman Islands incorporated, professional investors, listed securities, unlisted securities, capital growth, Evergrande Securities, investment management, portfolio investment, financial services, Hong Kong finance