Xiangzhou District, Zhuhai

A Xiangzhou government delegation led by the Secretary of CPC Xiangzhou District Committee Yan Haobo toured several enterprises in Shanghai and Hangzhou from Nov 27 to 29, to seek out investment.

A delegation from the Xiangzhou government tours communications company, Eastcom, in Shanghai during a visit from Nov 27 to 29. [Photo / WeChat:xzinvest]

On the visiting list were startup incubator Plug and Play (PNP), Cybernaut Investment, Yuhuangshan South Fund Townas well as several high-tech enterprises.

Global innovation platform PNP, connects startups with establishedcorporations,investing in over 100 companies every year. It has 22 locations across the world, benefiting from which includes Google and Paypal.

PNP in Shanghai is preparing for its first partners. Yan asked about local government support given to its establishment, hoping to learn from their experiences. Yan also hoped that PNP could cooperate in incubatorprojects in combination with Xiangzhou's strategy of innovation-driven development. 

Xiangzhou government officials listen to a brief introduction of the company. [Photo / WeChat:xzinvest]

The delegates also visited Hangzhou's Dream Village and Yuhuangshan South Fund Town. The Dream Village pioneers startups using internet and venture capital, while the fund town is a government-promoted replication of Greenwich, Connecticut in the US, which is often referred to as a hedge fund capital.

Upon finding out more about the development of these sites, Yan said that Xiangzhou could use knowledge of these experiences in transforming its old towns.