Optics Valley Financial Holdings Group and an industrial development fund of 50 billion yuan ($7.64 billion) are unveiled at Optics Valley of China in Wuhan, Hubei province on Dec 26. [Photo/wehdz.gov.cn]
On Dec 26, Wuhan East Lake High-tech Development Zone (Optics Valley of China), in central China’s Hubei province, announced the setting up of Optics Valley Financial Holdings Group, as well as an industrial development fund worth 50 billion yuan ($7.64 billion), to attract global financial capital and cutting-edge high-tech industries.
The event took place at China Optics Valley Convention and Exhibition Center, where a meeting to promote the development of the zone’s “five valleys” –– Optics Valley, Biomedical Valley, Intelligent Valley, Financial Valley, and Talents Valley–– was also held.
In addition, development planning for Financial Valley was officially published at the event.
Guests from academic, industrial and financial circles gathered in Optics Valley of China. Representatives from 25 banks, over 30 securities and insurance institutions, around 100 investment institutions, 106 listed companies, more than 400 key enterprises and over 50 media organizations attended the event.
At the summit forum held at the event, experts including Ba Shusong, Chief Economist of China Banking Association and Wang Huixuan, executive director of Tsinghua Unigroup, delivered speeches on topics including the new economy and new finance.
Financial Valley, taking Silicon Valley as an example, will promote scientific and technological innovation and transformation of achievements in the zone. It plans to develop into a leading new financial cluster in the country by 2020, and a world-leading financial technology center by 2035.
With registered capital of 20 billion yuan, Optics Valley Financial Holding Group will mainly engage in four businesses –– operation and management of industrial funds, management of financial assets investment, development and operation of financial spaces, and financial technology services –– with the aim of being a first-class financial holding group in the country by 2020.
The 50-billion-yuan fund will attract cooperation between Optics Valley of China and private equity, and a fund of 250 billion yuan will be set up to support development of emerging industries in the zone.
Optics Valley of China also appointed 10 entrepreneurs as the zone’s representatives to attract investment and professionals.
The zone agreed a total of 14 projects at the event. Optics Valley Financial Holdings Group signed cooperation framework agreements with 27 financial and investment institutions, including China Development Bank and Tsinghua Unigroup, with total value of 100 billion yuan.
Optics Valley Financial Holdings Group sign cooperation framework agreements with 27 financial and investment institutions, with a total value of 100 billion yuan, at the event on Dec 26. [Photo provided to China Daily]
At the event on Dec 26, Optics Valley of China appoints 10 entrepreneurs as the zone’s representatives to attract investment and professionals. [Photo provided to China Daily]
No comments:
Post a Comment