Boom times ahead for angel financing

Angel investors are expected to see handsome returns on their investments in China this year, thanks to the favorable policies being enacted by the Chinese government, said a report released by ChinaVenture Group on Friday.

About 199 angel investment deals were made in China during the first six months of the year for a cumulative investment of 1.1 billion yuan ($177.3 million). That represents a huge growth, considering that the full-year angel investment in China during 2013 was only 1 billion yuan, the report said.

Around 60 percent of the deals were small ones with single investment of around 300 million yuan each, while only 5.5 percent of the deals attracted funding of more than 10 million yuan.