The 2018 China Industrial and Capital Innovation Integration Development Forum was held in Wuhan Economic and Technological Development Zone (WHDZ) in Wuhan, central China's Hubei province, on Nov 21.
More than 500 representatives from the country's venture capital sector participated in the event, discussing the increasing integration of technology, industry, innovation and capital.
The forum was hosted by the administrative committee of WHDZ and Wuhan municipal bureau of financial affairs and organized by Zero2IPO Group, Wuhan Economic and Development Investment, and Wuhan Jingkai Industry Investment Fund Management.
During the forum, a new financial district in Wuhan was unveiled. The new district is the largest in Hubei province.
Located on the banks of Houguan Lake in WHDZ, the new financial district covers an area measuring over 200 mu (13.33 hectares) and is designed to attract financial companies to the zone, with the aim of developing it into a financial industrial hub for central China.
WHDZ has also announced new policies to attract financial firms to the district, such as offering subsidies to companies.
At the forum, representatives of WHDZ signed cooperation agreements with several large-scale financial institutions, including China Capital Investment Group, Everbright Holdings, and Goldstone Investment, covering areas including new energy vehicles, intelligent driving, ride sharing , and energy saving.
Representatives from the investment sector also delivered keynote speeches during the event, with a focus on the automobile, smart home, robotics, and aviation industries in WHDZ.
WHDZ is currently home to more than 300 private equity funds and equity investment institutions, managing funds of around 50 billion yuan ($7.21 billion), and the number is expected to reach 200 billion yuan within three years.
Representatives from WHDZ and financial companies sign cooperation agreements at the forum in Wuhan Economic and Technological Development Zone, Nov 21. [Photo provided to wedz.gov.cn]
Xiao Feng, vice-president of China Capital Investment Group, addresses the forum in Wuhan, Hubei province, Nov 21. [Photo provided to wedz.gov.cn]
An artist's impression of the new financial district in Wuhan Economic and Technological Development Zone [Photo provided to wedz.gov.cn]
