By Xie Fang

The 9th Golden Bull awards ceremony for China's private equity industry was held in Suzhou, Jiangsu Province on Saturday, June 30.

The ceremony was hosted by the China Fortune Media Group and sponsored by the Guosen Securities Co., Ltd.

43 Chinese private equity firms and 30 investment managers shared a total of 13 awards.

In his opening address, Ge Wei, president of the China Fortune Media Group and president of the China Securities Journal, noted that China's private equity industry has turned its focus towards the essence of the industry since 2017, with a growing number of private equity funds which adhere to such strategies as value-oriented investments and long-term investments delivered an outstanding performance last year.

Ge also mentioned the new challenges facing the industry since the implementation of the new rules for China's asset management industry. He pointed out that as the regulators have set forth specific requirements on such issues as information disclosure and leverage ratio, fund managers should fulfil their management responsibilities in a proactive and faithful manner.

The Golden Bull awards, dubbed the Oscar awards for China's private equity industry, have always been presented under the principles of openness, fairness and impartiality over the past nine years. Fund managers capable of bringing about long-term and stable investment returns for their clients were chosen to be the award-winners based on a set of qualitative and quantitative indicators.

To keep up with the development of China's private equity industry, the organizers diversified the awards by setting up several new titles including, among others, the portfolio investment strategy award, this year.