Venture capital joins a signing ceremony
On the afternoon of October 18, 2009, the "Investment and Financing Matching Capital Forum—2009 Capital Discovery Journey," a core component of the 2009 China (Changsha) Science and Technology Achievements Transformation and Transaction Fair, was grandly held at the Fenglin Hotel. Vice Mayor Liu Xiaoyue of Changsha, Vice Chairman Xie Mingde of the Municipal Committee of the Chinese People's Political Consultative Conference, Chief Engineer Jiang Yuwen of the Science and Technology Bureau, President Li Xianmo of the Changsha Investment and Financing Association, and other leaders attended the meeting. Nearly 300 people also participated, including investor representatives and business representatives from nearly 100 top venture capital institutions worldwide. The forum was chaired by Vice Mayor Liu Xiaoyue. Participants engaged in in-depth exchanges and discussions on hot and difficult topics, such as issues related to listing on the Growth Enterprise Market; a comparison of the advantages and disadvantages of financing and listing for domestic and foreign high-tech enterprises; diversification reforms in financing methods for SMEs; and the reasonable selection of financing paths for innovative enterprises. A total of seven cooperation projects were successfully signed, with a total contract value of 206.8 million yuan. Zhang Zhenzhi, Managing Director of Ping An Asset Direct Investment Department, and Sun Xiaolu, Investment Director of De Teng Capital, delivered wonderful speeches on "The Orientation of Enterprise Financing and Listing under the Current International and Domestic Economic Situation" and "Mixed and Multi-channel Financing Methods for High-tech Enterprises," respectively. In addition, investment experts from top domestic and foreign venture capital institutions such as CDH Investments, Zhiji Venture Capital, IDGVC, Lenovo Capital, and Dacheng Capital held heated discussions on many current hot and difficult issues, putting forward many constructive insights and suggestions. These will provide beneficial enlightenment for the construction of China's multi-tiered investment and financing system and the healthy development of venture capital in various industrial sectors.
The "China (Changsha) Science and Technology Achievements Transformation and Transaction Fair," jointly hosted by the Ministry of Education, the Ministry of Science and Technology, the Chinese Academy of Sciences, and the Hunan Provincial People's Government, has become a science and technology achievements transformation and transaction event based in Hunan, radiating to central and pan-Pearl River Delta regions, and facing the whole country. The investment and financing forum, as one of the core components of the "Science and Technology Fair," has also become the largest and highest-level venture capital event in central China in recent years, and a preferred platform for domestic and foreign investors to seek investment opportunities, for Hunan local enterprises to introduce venture capital, and for the government to develop an innovative economy.
Zhu Genghong, Chairman of Hunan Yipai Industrial Drive Co., Ltd.; Yu Weiping, Executive General Manager of Hunan Honggang Investment Co., Ltd.; and Chen Guoquan, a natural person investor representative, jointly attended the signing ceremony, with a signing amount of 30 million yuan.
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