Cheng Houbo of Shenzhen Oriental Fortune Capital Co Ltd and Zhang Fan of Sequoia Capital China were yesterday awarded the best venture capitalists of 2007.

The organizers, China Business News and Holyzone media, also awarded Yan Yan of SAIF Partners and Tina Ju of KPCB China Fund as the best private equity managers.

Shenzhen-based Oriental Fortune Capital Co Ltd is one of the first venture capital companies in a partnership structure since China revised the laws to allow investment firms to set up partnerships this year.