Venture capital becomes new development force of Nansha

The 21st China Venture Capital Forum on the theme of "New Era, New Economy, Capital Empowerment for the Guangdong-Hong Kong-Macao Greater Bay Area: Openness, Cooperation, Innovation" opened in Guangzhou’s Nansha district on May 31.

Cai Chaolin delivers a speech at the forum. [Photo by Li Xiatong/gznsnews.com.cn]

More than 1,000 capitalists gathered here and outstanding talents at home and abroad focused on the construction of the Greater Bay Area and cooperated on the new direction of China's economic development.

Gu Shengzu, vice chairman of the National Committee of the Chinese People's Political Consultative Conference and executive vice chairman of the Central Committee of China National Democratic Construction Association, said the equity investment can be empowered from six aspects: fostering innovative enterprises, collective investment, providing financing channels, optimizing systems, and finance investment.

The Guangdong-Hong Kong-Macao Greater Bay Area is one of the most active and concentrated regions in the national equity investment industry.

Shenzhen and Guangzhou in Guangdong province are the most motivated and most active cities for venture capital in China.

"Guangzhou will take the financial reform and innovation of the pilot free trade zone as a starting point to build a demonstration window for China's financial industry and continuously improve the financial services real economy and the ability to support the development of the Greater Bay Area, " Cai Chaolin, member of the Standing Committee of the CPC Guangzhou Municipal Committee and Party secretary of the CPC Nansha District Committee said.

Nansha has played an important role in the city's financial innovation development.

The district has launched support policies for the financial industry with wide coverage and great strength such as policies for licensed incorporated financial institutions, equity investment, financial leasing, and commercial factoring.

Up to now, Nansha has gathered about 6,500 financial institutions and welcomed more than 1,500 equity investment companies.

It has become the largest aircraft and ship leasing site in the Greater Bay Area. It is also the permanent conference site of the International Finance Forum (IFF). Six financial innovations have been selected as the best cases of success in the pilot free trade zone.