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the 2013 hony capital annual conference, shenzhen's first world-class financial summit, came to a successful conclusion yesterday.
held on a similar scale to the city's renowned it summit, the hony conference attracted a wealth of global investors including temasek, government of singapore investment corp (gic), canada pension plan investment board (cppib), goldman sachs, stanford foundation, national council for the social security fund, and china life.
themed as a "a remarkable decade", industry leaders shared their opinions on how they envisage the chinese economy developing over the next decade. leading economist prof zhou qiren gave a speech on the current status of the chinese economy and reforms.
lenovo's board chairman liu chuanzhi, hony capital president zhao linghuan, suning commerce's board chairman zhang jindong, cspc's board chairman cai dongchen, and chinasoft international's board chairman chen yuhong also addressed the conference, highlighting the latest development trends in various sectors, including the transformation of chinese enterprises.
shenzhen deputy mayor chen biao stated his belief that shenzhen will continue to develop its financial sector, drive the development of the real economy, and promote equity investments as a key method for building an innovative ecosystem for industry transformation and optimization.
shenzhen has implemented a series of policies to stimulate the development of equity investment funds; enable foreign companies to invest in domestic equity investment companies; power innovative cross-board rmb businesses; establish qianhai equity exchange; and strengthen interaction between equity investment and the technological development of industries and smes.
currently, shenzhen is home to over 3,500 vc and pe companies that have a combined total registered capital of nearly rmb300 billion, which accounts for one-third of the domestic fund market based on the number of funds and total managed capital. shenzhen ranks high on the list of domestic cities in terms of companies listed on the sme and gem board.
the conference discussed shenzhen's macroeconomic climate with investors and china's investment platform in the context of fusing equity investment and the real economy, accelerating innovation-based growth, and building an innovation-driven country.
invest shenzhen director wang youming remarked that the high-profile conference highlighted shenzhen's attractive living and business environment and the qianhai financial innovation initiative, and has no doubt helped shenzhen attract more companies and professionals on its way to becoming a global financial center.
as a central meeting of the chinese investment industry, the hony capital annual conference binds the real economy and financial industry. currently, as shenzhen is home to nearly 400,000 smes, the annual hony conference is designed to attract global equity investors to invest in shenzhen and help domestic companies become listed and expand globally.
underpinned by international investors, shenzhen qianhai sits poised for a huge development drive, with three licenses for land usage rights already granted. this year's conference focused on shenzhen's development path, including the promotion of the shenzhen and qianhai business environment. the heads of invest shenzhen and the qianhai administration for domestic and overseas investors discussed the latest industry stimulus policies to illuminate the status of shenzhen's and qianhai's investment environments. in addition, short videos and brochures were distributed to attendees, and investment consultants were present to answer questions about shenzhen's and qianhai's industry development plans and policies. heads and investment promotion personnel from invest shenzhen networked with global business leaders and investors to pave the way for future investment promotions.
at its inception in 2007, the conference initially served to share the latest investment information and future investment strategies with global investors. as china's economy grew and hony capital emerged as a domestic leader, the conference acts as a window for china's global pe leaders to examine china, combine the real economy and financial innovation, and help local governments attract investment.
conference participants included chinese business leaders, leading service providers, leading academics, and government officials, as well as investors from the major sectors. as a window to china for global investors, the meeting also helps china to draw experience from innovation and the development of the financial industry in developed economies.