BIZCHINA / Center
2006 China VC Forum officially unveiled
By Li Huayu (chinadaily.com.cn)
Updated: 2006-04-07 17:14
The 8th China Venture Capital (VC) Forum officially opened on April 7 in
the Wuzhou Guest House in Shenzhen City of South China's Guangdong
Province.
Carrying the theme of "A New Chapter in the Nation's Self-Innovation
Strategy, the event attracted more than 1,000 participants, including 350
venture capitalists from China, USA, European and Asian countries, 250
entrepreneurs with financing needs, top executives from intermediate
institutions, government officials and scholars, and over 200 reporters,
making it the grandest among the eight annual sessions of the VC forum
held since 1998.
Co-organized by the Central Committee of China National Democratic
Construction Association, the Ministry of Science and Technology, the
Guangdong Provincial Government and the Shenzhen Municipal Government,
the forum elaborated on topics like "Technology and Venture Capital: The
Role of Government," "The Capital Market and Self-Innovation Strategy,"
"China's 11th Five-Year Plan and Innovative Economy: The Engine of the
Global PE/VC."
During the two-day forum, nearly 90 people will deliver their speeches.
Through intensive discussion and interactive communication, speakers and
participants will explore the tendency of Chinese innovative economy and
policies governing venture capital and disclose hot topics and tendency
of global private placement capital and venture capital, in an attempt to
boosting communication and cooperation between Chinese and foreign PE
(private equity) and VC industries, as well as helping innovative
enterprises to expand and grow through domestic and overseas capital
markets.
This forum will function as a platform of exchange and cooperation
between Chinese and foreign venture capitalists, a bridge for domestic
and overseas VC insiders to launch a direct dialog with policy makers,
and a passage to cooperation between venture capitalists and
entrepreneurs.
In the past 10 years, it has been proved that venture capital is the
accelerator to enhance innovation ability with the rapid development of
innovative economy in the United States, Europe, Israel, India and Korea.
Meanwhile, with its fast growth in China, venture capital has played an
important role in boosting new economy of China, especially the growth of
high-tech innovative economy.
In October 2005, self-innovation was formulated as the focus for the 11th
Five-Year Plan during the fifth session of the 16th Central Committee of
the Communist Party of China. At present, a global revolution of science
and technology is under way.
(For more biz stories, please visit Industry Updates)
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