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The new energy inside you Which industries do you expect?

Shao Jun: I think the main new sources of energy, then I think the current market laptop battery is big or two solar and wind power, although it has also encountered a number of bottlenecks and problems, particularly in the domestic market demand is not very standardized, or the legislation is not very norms, market demand, not domestic demand is so strong, these are the next step in the follow-up hinder the industrial development. But it does not mean no chance, I think this opportunity is mainly in its upper reaches of some of the core components rather than to do the wind machine, or downstream assembly. In addition to this I am more optimistic than this one is the battery, the battery is actually a very important new energy part of it.

Tencent Finance: China's enterprises in the new energy vehicles there is little chance that an oil?

Shao Jun: I think Chinese enterprises in the car of opportunity for new energy vehicles is very large, because China's traditional automotive industry is very EVO N620C backward in developed Western countries, including behind Japan, a very large gap. However, for new energy vehicles in China, it should be said is the same starting line with the whole world, if the battery in the hands of China some of the core technology as well as low-cost or low cost to do high quality of life, then there may even be a beyond chance.

Tencent Finance: I just heard that now Germany is preparing to set up a fund with the capital, can you tell us about the general progress of the.

Shao Jun: Germany with the capital we are currently actively managed for 500 million U.S. dollars in overseas funds, and now because we have also seen an increasing number of opportunities to domestic, including the introduction of the domestic channel is more and more often, so we are also being to raise a pure yuan fund, the fund gained a lot of our local government support, we have adopted this model of cooperation with local governments, co-founded yuan infrastructure so in the future, or whether it is found that the Presario 1200 project being put in support for the project has a very big help.

Tencent Finance: the formal launch of GEM, and you can not say that about launch of the GEM impact on the area of investment?

Shao Jun: GEM have been waiting for a decade, and we raise yuan funds why are raising one of the reasons is that exit channels, the withdrawal of channels in the country more generally, and including the center panel also includes the Growth Enterprise Market. But the first day of the offering price and performance are also very worried about me. The pricing issue is now 58 times the average of 58 times the appropriate price-earnings ratio, or more than 80%, which is I think that is already too far, so I think I want it to have a more stable development rather than this one twists and turns, and then everyone on this board lost confidence. Overall, the market is a very good help, the United States, the Nasdaq is a very good example.

Tencent Finance: You are very optimistic about China's Growth Enterprise Market?

Shao Jun: I think the venture Presario 1800 capital business is to develop a great need for the GEM, but the GEM is currently such a state of such a surge which there is a certain hidden dangers, and how markets and regulatory agencies working together to make the orderly development of this market is the our industry want to see.

Tencent Finance: We know that Walton co-operation are more with you, could you please describe to us what the situation?

Shao Jun: Walton is Wal-Mart's founding family, this is its top ten richest man in the family are 10,5,6,7 them, so they more money than Bill Gates, who is a strategic co-operation with us relationship, in our U.S. dollar fund which Walton family played a major role in LP, in addition we are also in the field of new energy and retail sectors in the investment, some people have some strategic cooperation. Because we talk about Wal-Mart's Walton family would think, in fact they are very diverse in investment, especially investment in new energy sources is very achievements. For example now the world's largest solar energy company (in English) is a very famous, is the Walton family from the earliest start-ups began to build to the present volume production of solar thin-film batteries. In December Presario 700 and its chief executive will come to us to talk about the direction of co-operation.

Tencent Finance: Germany with the capital in selected enterprises which pay attention to what the details of which companies would be that you selected?

Shao Jun: DT Capital Currently we focus on three major areas, one is new energy, a is the upgrading of traditional industries, an innovative model called model innovation, or scientific and technological innovation to meet domestic demand requirements. I would like to first of all in these three areas which will receive our help, we are also in these three areas which have more experience to help business development. We selected conditions are very strict, but the final analysis, the key is still an old saying, look, look at the entrepreneurs do not have a tenacity of entrepreneurs.

Tencent Finance: Germany with the capital the next few years, what plan?

Shao Jun: Our expansion plans the next few years may be more in-depth into the Presario 900 various second-tier cities in the side of co-operation with the Government, as well as to set up a number of points, I think this is the case is also consistent with a domestic investment in the first-tier cities more competitive, fewer and fewer opportunities, although prices have not have the opportunity to be reasonable, that is, supply and demand. Do not forget that China is a very large country, there are many fast-growing second-tier cities have a lot of opportunities, relatively speaking, less competition, and Germany with the next step is to our advantage, our headquarters is in China's fund, we relatively easy to off-site expansion, this is our next development plan.

Tencent Finance: We know that Germany have a lot of international experience with the capital in the country will also have a lot of experience, this combination is not to your advantage for you in conducting business, what help?

Shao Jun: Yes, I would like to add the vision of globalization, indigenous background and experience to do in China, engaged in this industry is very important, even necessary. Because all the Chinese enterprises are facing competition not only local but global competition. If you have a global vision of the field in the world to your business being put in the words of some Presario 1700 help is needed.