2018 Global Venture Capital Summit held in Xi ‘an to gather wisdom for industry development.

　　In order to thoroughly implement the national innovation-driven development strategy and the decision-making arrangements for financial reform and opening up, promote the construction of Xi ‘an as a national central city and Silk Road as an international financial center, and promote the harmonious development of China with the world. On September 5-6, 2018, the "2018 Global Venture Capital Summit" hosted by Xi ‘an Municipal Committee of the Communist Party of China and Xi ‘an Municipal People’s Government, undertaken by Xi ‘an Municipal People’s Government Financial Work Office, Xi ‘an High-tech Industrial Development Zone Management Committee, Zero2IPO Group and Xi ‘an High-tech Industrial Venture Capital Co., Ltd., and co-organized by Daxian Industrial Fund, Xi ‘an Capital and Zhongke Chuangxing was successfully held in Xi ‘an, the starting city of the ancient Silk Road.

　　The 2018 Global Venture Capital Summit is the most internationalized venture capital activity in China at present, and venture capitalists from the United States, Germany, France, Israel, Japan, South Korea and other countries have all participated in relevant forums. The big coffees shared their insights on venture capital, made suggestions for the development of Xi ‘an venture capital market, and let the passion of innovation and entrepreneurship collide with the power of capital in the ancient capital.

Wang Yongkang, Secretary of Xi ‘an Municipal Party Committee

　　Seven highlights of the 2018 Global Venture Capital Summit were all announced.

　　Aspect 1: Explore the driving force of capital, and star investors empower value investment.

　　On September 5th, Vice Mayor Gao Gao, on behalf of the Xi ‘an Municipal Party Committee and the Xi ‘an Municipal People’s Government, expressed warm welcome and heartfelt thanks to everyone for coming. Wang Zhongmin, former vice chairman of the National Social Security Fund Council, Xu Xiaoping, founder of Zhenge Fund and co-founder of New Oriental, Dave Jones, president of Silicon Valley Bank Asia and president of Pudong Silicon Valley Bank, Bruno Bézard, managing partner of Caive Fund, Ni Zewang, chairman of Shenzhen Innovation Investment Group Co., Ltd., and Tang Ning, founder and CEO of CreditEase, Yao Jinbo, a famous angel investor and CEO of 58 Group, Zhou Kui, a partner of sequoia capital china, and more than 100 world-renowned investors, representatives of industry associations and entrepreneurs gathered in Xi ‘an to discuss global entrepreneurship and investment opportunities.

　　Yao Jinbo, CEO of 58 Group, mentioned that no matter what the market development prospect is, entrepreneurs should learn to deal with it. For entrepreneurs, only those who don’t chase after the wind in the bubble can stand out.

　　Ni Zhengdong, founder and chairman of Zero2IPO Group, said that in the next 20 years, China Venture Capital has prepared 3 billion funds to continue to support innovation and entrepreneurship. This year is a turning point for the whole venture capital industry. The challenge is only temporary and the future is still good.

　　Xu Xiaoping, founder of Zhenge Fund and co-founder of New Oriental, said that the interaction between entrepreneurial miracle and equity incentive is very important when referring to the shocking reasons of venture capital landscape in China. In the face of equity incentives, people’s creativity, entrepreneurial motivation and imagination will be indescribable.

　　Wang Zhongmin, former vice chairman of the National Social Security Fund Council, mentioned that under the trillion-dollar new opportunities of equity investment under the Belt and Road Initiative, if cities want to generate trillion-dollar markets, local governments should open their data resources to the most competitive cloud platform companies, so that they can expand into a broader digital business scene.

　　Aspect 2: Expert forum will guide the new pattern of venture capital.

Gao Gao, member of the Standing Committee of Xi ‘an Municipal Committee and Vice Mayor, issued "Ten Venture Capitals"

　　During the summit, 30 well-known investors from the venture capital industry in China had a talk with Wang Yongkang, member of the Standing Committee of Shaanxi Provincial Party Committee and secretary of Xi ‘an Municipal Party Committee, Shangguan Jiqing, deputy secretary and mayor of Xi ‘an Municipal Party Committee, Gao Gao, member of the Standing Committee and deputy mayor of Xi ‘an Municipal Party Committee and other municipal leaders. During the exchange, guests and leaders of Xi ‘an made suggestions for Xi ‘an on the development of venture capital industry in China and how Xi ‘an can give full play to its regional advantages and promote the gathering and development of venture capital industry. The convening of this expert symposium has set up a direct communication window for leading venture capital institutions in Xi ‘an and China, and established deep links and mutual accommodation at the capital level; At the same time, we also share the historical and investment opportunities in Xi ‘an with many institutions, and jointly explore this fertile ground for innovation with rich scientific and educational resources and excellent science and technology industry.

　　Aspect 3: "Ten Venture Capitals" to Construct a New Pattern of Innovation and Venture Capital Development in Xi ‘an

　　In order to speed up the development of the financial industry, promote the deployment of the work related to the construction of the Silk Road International Financial Center, accelerate the gathering of venture capital resources, create a good atmosphere for venture capital, and create a highland for western investment, so as to better serve the innovation and entrepreneurship development of Xi ‘an. This summit put forward "Several Opinions of Xi ‘an Municipal People’s Government on Supporting Xi ‘an National Independent Innovation Demonstration Zone to Gather Venture Capital Institutions and Talents" (referred to as "Ten Venture Capital Articles"). The "Ten Venture Capitals" will be tried first in the self-created zone, further promoting the deep integration of scientific and technological resources and venture capital, and making efforts to attract and cultivate a number of venture capital institutions with international influence and competitiveness, which will be conducive to creating a good atmosphere for the development of innovation and venture capital in Xi’ an and building a new pattern of coordinated and interactive development of "science and technology+innovation and entrepreneurship+venture capital".

　　Aspect 4: Memorabilia of venture capital industry, the global Silk Road Venture Capital Alliance was formally established.

　　"Global Silk Road Venture Capital Alliance" was formally established at the summit. It aims to give full play to capital strength, link global innovation resources, bear the mission of building a global venture capital force, and promote high-quality development. Professional institutions such as global VC, PE, investment banks and club law firms will form a huge operational force, bearing the important mission of building a global venture capital ecology and building a comprehensive service platform based on industrial aggregation. The first batch of participating institutions reached more than 100, with the full support of top investment institutions including Shenzhen Venture Capital, IDG Capital, Junlian Capital, Lenovo Venture Capital, Northern Lights Venture Capital, Detong Capital and Softbank China Capital. The alliance will set up its headquarters in Xi ‘an High-tech Zone, and will invite all alliance units to get together at the annual global venture capital summit, which will become an inexhaustible motive force and source for realizing linkage development in the world economic resonance.

　　Aspect 5: Deepen cooperation, and all units in Xi ‘an have reached strategic cooperation with frontline institutions.

　　In order to thoroughly implement the national innovation-driven development strategy and the decision-making arrangements for the reform and opening-up of the financial industry, at the summit, the Financial Work Office of Xi ‘an Municipal People’s Government held a strategic signing ceremony with first-line investment institutions such as Shenzhen Innovation Investment Group Co., Ltd., Zhenge Fund, sequoia capital china and Joy Capital. In addition, Xi’ an High-tech Zone and Qianhai Financial Holdings Co., Ltd., Silicon Valley Shanghai Pudong Development Bank and Xi’ an Madison Technology Service Co., Ltd.; Qujiang New District and Beijing Guokai Taifu Asset Management Co., Ltd.; The Economic Development Zone and Zheshang Venture Capital also reached a signing cooperation at the scene. A series of signing cooperation at the summit will attract investment and wisdom for the construction of Xi ‘an through the power of capital, and build it into a major central hinterland that will undertake the Great China, Northwest China and radiate Asia, Europe and Africa.

　　Aspect 6: 2018 Xi’ an Future Star TOP100 is unveiled.

　　As an important part of the "Longmen Action" plan, the selection of "TOP100 Future Stars of Xi ‘an in 2018" will further strengthen the integration of industry and capital and build a Silk Road International Financial Center in Xi ‘an. The selection process was strictly evaluated by nearly 160 investors and screened by nearly 20 experts for 72 hours. At the summit, the "TOP100 of the Future" which stood out from 1686 entries was grandly announced. This selection will discover a number of high-quality enterprises with good growth prospects, high technology content and great development potential for key promotion and key cultivation, so as to introduce more "flowing water from the source" for Xi ‘an’s economic development and promote more private enterprises with potential to take advantage of the situation to "leap forward". The "unicorns" who belong to Xi ‘an in the future will start from here and go to the world.

　　Aspect 7: Hard technology+integration of defense and civilian technologies+big culture, three major industries empower innovation in Xi ‘an.

　　The success of the 2017 Global Hard Technology Innovation Conference has started the hard technology brand in Xi ‘an, making "the global hard technology capital" a new city business card for Xi ‘an in the development of world cities. At the same time, the parallel of integration of defense and civilian technologies’s many initiatives has also given new opportunities for the development of Xi ‘an’s military industry. In addition, in 2018, Xi ‘an is focusing on the supply-side structural reform, accelerating the construction of cultural industry projects, parks and characteristic towns, and increasing investment attraction. The 2018 Global Venture Capital Summit combines the hard technology, integration of defense and civilian technologies and big culture industries in Xi ‘an to discuss the innovative development of Xi ‘an under the global entrepreneurial and investment opportunities.

　　It is reported that the event attracted more than 2,500 spectators including more than 500 venture capital industry guests, more than 400 industry media, more than 100 domestic and foreign industry associations and innovation institutions, and more than 1,000 innovative and entrepreneurial enterprises. Xi’ an also took part in a cultural ceremony integrating the history of the ancient capital with the Silk Road customs — — Dream of Chang ‘an — The Great Tang Welcome Ceremony will show contemporary Chang ‘an in front of the world with a magnificent performance that integrates historical, cultural, scientific and technological, creative and other times. 2018 Global Venture Capital Summit Huizhi is a world-renowned venture capital leader. Trillion capital will be invested in this city that is fully running, bringing wisdom to the development of the industry, winning opportunities for Xi’ an and promoting the innovation and development of the global venture capital industry.