Forgot to mention

Very soon we shall see RMB VCs -- VCs raising RMB in China and investing in China, provided that the domestic IPO market keep the current trend. Foreign VCs exit (VCs' jargon for "take the money and run") their investment outside China--IPO on NASDAQ or bought by another financial or strategic player. In the near future we shall see increasing number of "local" VCs raising RMB funds in China (and abroad), investing in (non-hi-tech) growth companies and exit on ShengZhen stocks exchange.