CHONGQING, China, Oct. 28, 2020 /PRNewswire/ -- On October 23, Chongqing International Venture
Conference (CIVC) 2020 held a grand opening, officially launching a
feast of ideas to explore the future trends of capital under the
theme of "Intelligence · Innovation · Entrepreneurship"
and making today's strongest voice of capital in Chongqing.
With a global vision, CIVC 2020 is an international,
professional-based, and industry-oriented event that gathers top
investment institutions around the world to offer targeted
development suggestions to industries and sectors. The conference
is hosted by Western (Chongqing)
Science City and co-organized by Chongqing Local Financial
Supervision and Administration Bureau, Chongqing Science and
Technology Bureau, the People's Government of Shapingba District,
Chongqing, and Chongqing Yufu
Holding Group, and implemented by IDG
World Expo China. It gathers nearly a hundred capital
leaders, 50 investment and financing institutions, 500 enterprises,
and an online and offline audience of nearly 10 million people. 15
projects have been signed at the conference with a total contract
value of RMB 67.5 million. By
interpreting global VC trends and identifying investment
opportunities, the conference offers new ideas and directions for
Chongqing's Development.
Chongqing Gathers Expertise and Makes the Strongest Voice of
Capital
The recent two decades has witnessed Chinese investment
institutions fully support the development of scientific and
technological innovation and development with capital, and boost
economic structural adjustment and industrial transformation and
upgrades, making remarkable contributions to China's economic growth. The sector as a
whole, including professionals, the number of institutions, and the
amount and number of managed funds, has seen explosive growth.
The opening ceremony and main forum of CIVC 2020 was presided
over by Mr. Bo Li, deputy mayor of
Chongqing Municipal Government. Several guests delivered remarks
during the session, including Liangzhi Tang, deputy secretary of
the CPC Committee and mayor of Chongqing; Jianping
Wang, director-general of the Department of Market
Supervision II, China Securities Regulatory Commission;
Zhihua Yang, deputy secretary of the
CPC Committee and chairman of the Board of Supervisors of Shenzhen
Stock Exchange; Bo Que, member of the CPC Committee and executive
vice president of Shanghai Stock Exchange; Rongsa Zhong, member of
the CPC Committee and vice president of Asset Management
Association of China; Haitao Jin, chief managing partner of Qianhai
Fund of Funds; and Ran Peleg, Consul General of Israel to Chengdu. Jim
Breyer, founder of Breyer Capital, also delivered remarks
via VCR.
At the conference, Mr. Xue Xiong,
deputy Mayor of Chongqing Municipal Government and secretary of the
Party Working Committee of Chongqing Hi-tech Industrial Development
Zone, released financial policies in relation to Western
(Chongqing) Science City. Several
guests delivered keynote speeches, including Michael Yi, partner and co-CIO of Hillhouse
Capital Group; Bing Xiao, president of Fortune Capital;
Wenzhong Zhang, founder of Wumart
Stores, chairman of Dmall, founding chairman of Taikang Group, and
angel investor of Mashang Consumer Finance Co., Ltd.; and
Guangfu Cui, partner of IDG
Capital.
In her remarks, Ms. Rongsa Zhong, member of the CPC Committee
and vice president of Asset Management Association of China, said, against the global spreading of
the COVID-19 pandemic and the world's economic downturn,
Chongqing presents an encouraging
and motivating grand blueprint by launching the major program of
"Innovation, Intelligence, and Entrepreneurship" to construct a
western highland for scientific and technological innovation and
VC. The association would put full efforts to support Chongqing's construction of an innovation
highland, with the anticipation of Chongqing to lead innovation and investment
practice.
In his remarks, Mr. Jim Breyer,
founder of Breyer Capital, said, AI is just at the very beginning
of where enormous opportunities will come. Breyer Capital and
IDG have made over 100 investments in early-stage technology
companies, looking at some of the very best entrepreneurs and
entrepreneurial opportunities in Chongqing, and they will continue to see
tremendous opportunities in areas such as advanced
manufacturing, artificial intelligence, and 5G.
At the summit dialogue under the theme of "Intelligence
· Innovation · Entrepreneurship" presided over by Mr.
Hugo Shong, founding chairman of IDG
Capital, in-depth exchanges on the current capital VC investment
and financing trends and how to support the development of
industries and sectors were held among Hao Chen, president of
Legend Capital; Ruigang Li, founding
partner of CMC Capital Group; Zhengdong
Ni, chairman and founder of Zero2IPO Group; James Shen, vice president of Qualcomm and
managing director of Qualcomm Ventures; Wei
Li, founding partner and chairman of Green Pine Capital
Partners; Min Wang, Changjiang
Scholar, distinguished professor, deputy director of the Academic
Committee of Central Academy of Fine Arts, and founding partner of
Huajin Huiyuan Management Fund.
The project signing ceremony of CIVC 2020 was also held at the
opening ceremony. Chongqing Industry Guiding Fund, Chongqing Angel
Investment Guiding Fund, Chongqing Yufu Holding Group, and
Chongqing Hi-tech Industrial Development Zone signed 15 cooperation
agreements with IDG Capital, Green Pine Capital Partners, Linghang
Ventures, CMB International, and BOE Technology Group, with a total
contract amount of up to RMB 67.555
billion.
A Multi-perspective Analysis for Predictable Investment
Opportunities in Uncertainties
2020 is special in terms of the international, social, and
economic environment. It is also a year when the capital market
intensifies reforms and all key measures take place. An improved
and multi-layered capital market system is rapidly taking shape and
there are more exit channels in the Chinese private equity
investment market. For an investment institution, how should it
improve itself and explore value in the changing environment? How
should it grasp certainty in the turbulence of uncertainties to
lower investment risks and maintain returns?
At this conference, extensive exploration is held focusing on
VC, equity investment, merger investment, and fitech. It gathers
over 10 international VC organizations and institutions, including
UNDP SDG Impact Finance (UNSIF), IDG Capital, Breyer Capital,
Qualcomm Ventures, Hillhouse Capital Group, Silicon Valley
Incubator, and 50 domestically leading VC, private, and equity
investment and financing institutions, including Fortune Capital,
Legend Capital, Green Pine Capital Partners, and ASB Ventures,
where inspirations are spackled in the collision of thoughts.
Besides the opening ceremony and main forum, the conference has
five thematic forums, namely the VC Forum, Enterprise Growth
Empowered by PE/M&A, Capital + Chengdu-Chongqing New Economy,
Fintech Innovation Investment & Post-investment Enterprises
Growth, and "Cloud Forum": Exploring Chongqing to Discover the
Power of Innovation. In these sessions, VC forms are analyzed from
the perspectives of policy incentives, economic situations, market
demands, and development trends of the industry and the field of VC
is interpreted in a comprehensive and in-depth manner, showing VC
opportunities and directions.
The VC Forum explores ideas and investment strategies for
enterprise innovative development from the perspectives of hard and
core technology and healthcare, where the guests share their
thoughts on how capital support scientific and technological
innovation and post-pandemic investment. The forum on PE/M&A
focuses on hi-tech services and advanced equipment manufacturing
and aims at determining how to empower enterprise development. The
forum on Fintech Innovation Investment & Post-investment
Enterprises Growth brings visionary analyses on the crossover
integration of new technology and finance. The forum on Capital +
Chengdu-Chongqing New Economy and the "Cloud Forum": Exploring
Chongqing to Discover the Power of Innovation offer detailed
suggestions for the development of the Chengdu-Chongqing economic circle from the
perspectives of finance and scientific and technological
innovation, for the goal of concentrating financial institutions in
Chongqing, promoting the opening
up of finance in the city, and enhancing the real economy
efficiency of financial services. It is hoped that with the VC
measures, more innovation enterprises will come to Chongqing for incubation and more innovation
talents will choose to work in Chongqing.
Fertile Soil for Realizing Dreams
On October 16, the Planning
Outline for the Construction of Chengdu-Chongqing Economic
Circle was deliberated at a meeting convened by the CPC Central
Political Bureau. It was stressed at the meeting that the
coordinated driving force of the core cities of Chongqing and Chengdu should be highlighted, giving full
play to regional advantages and features, to make the region into a
center for economy and scientific and technological innovation of
national influence.
The planning of constructing Western (Chongqing) Science City is a key measure to
support the construction of the Chengdu-Chongqing economic circle. At the conference,
Mr. Xue Xiong, deputy Mayor of
Chongqing Municipal Government, released policies in relation to
the financial support for the construction of Western (Chongqing) Science City. The 64 policies and
opinions mainly cover four aspects, including the implementation
plan for the support of West China
for the construction of Western (Chongqing) Science City, the implementation
opinions for equity investment entrepreneurship, measures and
policies of Chongqing Hi-tech Industrial Development Zone to
promote technology enterprises, and support measures and policies
of Chongqing Hi-tech Industrial Development Zone to encourage
enterprises to go public. It is hoped that the favorable policies
will attract more VC giants, experts and scholars, and business
representatives to the Science City, to construct it and settle
here, playing an active role in constructing the Chengdu-Chongqing economic circle.
Western (Chongqing) Science
City, the fertile Soil for investment and innovation, embraces
talents from all over the world.
In addition, on the site of the conference there are also
exhibition zones for investment institutions, local high-quality
enterprises and technological innovation parks from Chongqing, and Western (Chongqing) Science City, building a
comprehensive platform for promotion and exchanges. It is hoped
that this platform will build a bridge that connects enterprises
and investment institutions, to attract more attention from the
capital sector on Chongqing and
Western (Chongqing) Science City
and gather more technological innovation enterprises and innovation
talents in Chongqing Western (Chongqing) Science City, where they can well
develop and realize their dreams.
On October 24, the Roadshow of
Chongqing Innovation and Entrepreneurship Projects themed by
"Innovative Technology, Innovation in Chongqing" will kick off. It gathers 10 local
high-quality innovation enterprises and projects from Chongqing in biomedicine, semiconductor,
energy, and electronic technology. They will receive comments and
guidance from capital leaders as VC mentors, including Zhengdong Ni, chairman and founder of Zero2IPO
Group; Bill Li, managing director of
Walden International; and Suyang Zhang, founding partner of
Volcanics Venture.
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SOURCE IDG World Expo