China's Zero2IPO Group, a leading research institution for the country's venturecapital and private equity industry, said on Thursday that a record $ 8.1 billion entered China'sventure capital market during the first half of this year. In a report released by the group, 605 projects in 29provinces and cities have raised funds from the venturecapital market during the first half, up 56.3 percent year-on-year. Beijing and Shenzhen were ranked one and two in termsof the venture capital investment attraction, the report said. A growing number of venture capitalists have shifted their focus to the country's resource-abundant western regions such as Xinjiang Uygur autonomous region and Inner Mongoliaautonomous region amid intensified investment competition in developed cities, according tothe report.
