On May 9th, the 2019 Global (Qingdao) Venture Capital Conference themed “A New Focus of Openness, A City Led by Technology” was held at Qingdao International Conference Center. Zhu Bixin, President of China Chengtong, attended the conference and delivered a speech. Wang Qingxian, member of the Standing Committee of the Shandong Party Committee and Party Chief of Qingdao, delivered a keynote speech at the conference. Vice Governor of Shandong Liu Qiang, and Hong Lei, Secretary of the Party Committee and head of Asset Management Association of China also attended the event and delivered speeches.

The opening of global venture capital conference has been an important step of Qingdao Government in practicing President Xi Jinping’s instructions on “A Successful Conference Invigorates a City” and on building a modern international metropolis. It is also a major strategy in promoting Qingdao as a new center for global venture capital, as well as a measure in facilitating Qingdao to become a modern international metropolis. Over a thousand venture capital experts, scholars and guests from home and abroad attended the conference. They looked into the latest trend of global venture capital industry withfar-sightedness. Wang Qingxian and Hong Lei unveiled the opening ceremony of Global (Qingdao) Venture Capital Center, and signing ceremony of agreements among organizations, contracts for fund contribution agreements,  and fund investment LOIs.

Zhu Bixin introduced China Chengtong’s positioning and duties as a state-owned capital operation company during his speech. He also introduced the background of the establishment of China Structural Reform Fund (CSRF), investment operation status as well as its significance in facilitating state-owned enterprises structural reform, supporting strategic emerging industries, and active participation in mixed-ownership reform. Zhu also said that, with technology innovation as a powerful engine for global economic growth, venture capital is embracing great opportunities. China’s economy is at the crossroads from high-speed to high-quality development, which demands the deepening of supply-side structural reform, and solid actions in the three critical battles against financial risks, poverty and pollution, as well as reform of the economic system, all of which bring in huge development potentials and investment opportunities for the emerging industries, models and needs. Joining hands with Qingdao, Zhu said, China Chengtong and CSRF will give full play to its capital advantages, professional capabilities and its functions as central state-owned operation platform, meanwhile seeking cooperation with Qingdao in the fields of technology and innovation investment, replacement of old with new growth drivers, industry structural reform, financial services and assets management.

Vice president of China Investment Corporation Qi Bin, the 26th chairman of the U.S. Securities and Exchange Commission Harvey Pitt, the founder of Silicon Valley Artificial Intelligence Institute Piero Scaruffi, and Yu Minhong, the founding partner of Aplus and the founder and chairman of New Oriental Education delivered speeches at the conference.

Before the conference, Zhu Bixin held talks with Wang Qingxian to discuss further partnership between China Chengtong and Qingdao. Both parties believed that with the joint efforts, cooperation will achieve fruitful results, and make greater contributions to Qingdao in becoming Shandong’s “bridgehead” as a modern international metropolis.

Relevant personnel from CCT Fund Management Co., Ltd. and China Chengtong’s President Office also attended the event.