2020 Qingdao-Global Venture Capital Online Conference is Underway

Sponsored by Qingdao Municipal Government and themed by “New Platform for International Cooperation & New Opportunities for Technology Innovation Industry”, 2020 Qingdao · Global Venture Capital Online Conference was held on the morning of May 8, which has attracted experts, scholars and entrepreneurs from the global investment, industry and academic circles to have an “appointment on the cloud” in the form of “face to face” + “screen to screen” to stimulate thinking, discuss cooperation and pursue common development.

Wang Qingxian, member of the Standing Committee of Shandong Provincial Party Committee and Secretary of Qingdao Municipal Party Committee, attended the conference and delivered a keynote speech. Liu Qiang, Vice-governor, Hong Lei, Secretary of the Party Committee and Chairman of Asset Management Association of China, Que Bo, Deputy General Manager of Shanghai Stock Exchange, and Li Hui, Deputy General Manager of Shenzhen Stock Exchange have delivered their speeches respectively. Meng Fanli, Mayor of Qingdao, performed the opening ceremony. 

In his keynote speech, Wang Qingxian pointed out that the sudden outbreak of COVID-19 spread all over the world, breaking the order of life, society and economy. The world is changing, but the thought of Qingdao to build a venture capital center of the world remains unchanged!

“Only when you see the future will you step into it”, said Wang Qingxian. He also added that, “Since last year, we have thoroughly implemented the important instructions and requirements of General Secretary Xi Jinping on Qingdao’s work, especially after the first Global (Qingdao) Venture Capital Conference, when the “great river” of urban development was stirred up by the water of capital, venture capital shot up as a new force. In 2019, the growth rate of private fund managers in Qingdao ranked first in China and Qingdao was accelerating its construction of Global Venture Capital Center.”

“Great crises create significant opportunities, both for investors and entrepreneurs,” said Wang Qingxian. He also said that under the pressure of the epidemic, the Internet has stepped into a new stage, which is the industrial Internet. “We regard entrepreneurs and entrepreneurial teams as the most valuable talents, and have issued a series of policies to support innovation and entrepreneurship, so that more entrepreneurial talents and projects in the industrial Internet ecology of Qingdao can complement each other with venture capital.”

Wang Qingxian said in the end that he hoped that more venture capitalists who has invested in industrial Internet ecological chain projects would come to invest in Qingdao and jointly build Qingdao into the Industrial Internet Capital of the World.

In his speech, Liu Qiang, on behalf of the provincial government, congratulated the opening of the conference. He said that under the normalization of COVID-19 prevention and control, Qingdao · Global Venture Capital Conference was held online, which fully demonstrated the determination and practical actions of Shandong and Qingdao to advocate change and promote high-quality development.

Hong Lei congratulated Qingdao venture capital on its strong development momentum in his speech, and said that Asset Management Association of China will, as always, fully support the development of Qingdao and jointly promote the development of private equity venture capital funds.

The establishment ceremony of the Alliance of Venture Capital’s Support in Industrial Internet Development was also held in the conference, which was unveiled by Wang Qingxian and Zhang Ruimin, who awarded the nameplate to the first ten member units of the Alliance. At the conference, Annual White Paper (2020) of Global Venture Capital Industry was released; Zhang Ruimin, Chairman of the Board and Chief Executive Officer (CEO) of Haier Group, Fan Gang, Director of National Economic Research Institute and Chairman of China Society of Economic Reform, Thomas J. Sargent, winner of the 2011 Nobel Prize in Economics and Professor of Economics at New York University, and Mark Steiner, Chief Legal Officer (CLO) and Senior Vice President (SVP) of Plug and Play (PNP) have given their keynote speeches respectively. And part of the major venture capital projects have been signed on site together.

It is reported that the 2020 Qingdao · global venture capital network investment conference will last for two days, with 1 main forum, 4 sub-forums, nearly 20 roundtable forums, and regional road shows and project release, etc., and over 20 network broadcast platforms will broadcast the whole event live.

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