Hangzhou to hold global investment summit

Investors from around the world will gather in Hangzhou, capital of Zhejiang province on May 24 for the 5th West Lake Summit on Global Alternative Investment Fund, local media reported.

The annual summit will gather more than 1,000 industrial leaders and representatives to engage in dialogues and discussions on the innovation and development of private equity funds amidst financial supply side reform.

World-class providers of financial services, including State Street Corp, D. E. Shaw & Co, Franklin Templeton Investments, and US financial powerhouse Morgan Stanley will attend the two-day event.

A capital funds research institute in the Yangtze River Delta region will be unveiled at Yuhuang Shannan Fund Town, a hedge fund cluster in Shangcheng district of Hangzhou.

Yuhuang Shannan Fund Town is home to 2,815 financial institutions and over 5,000 high-end financial talents from home and abroad, and has a total asset management scale of 1,120 billion yuan ($161.95 billion).

Over the past four years, the event has become a professional high-level platform for discussions on financial-related matters and a driver of financial industry in Hangzhou and Zhejiang province as a whole.