Venture Capital Summit spotlighted in Xi'an

The much anticipated 2024 Venture Capital Summit opened in Xi'an, capital of Northwest China's Shaanxi province, on Jan 10.

At the opening ceremony, academicians, experts, economists, investment elites, business representatives, as well as representatives from financial institutions, gathered together to discuss new trends in venture capital and to share new opportunities for Xi'an's development.

Representatives from the Shenzhen Stock Exchange, the Beijing Stock Exchange, the China Financial Futures Exchange and the Hong Kong Stock Exchange delivered speeches and expressed their enthusiasm for connecting Xi'an with domestic and overseas capital markets.

Currently, there are 239 registered venture capital institutions in Xi'an, and more than 670 local companies have received over 42.6 billion yuan ($5.94 billion) in equity financing.

Xi'an launched an optimized and upgraded version of "Several Measures to Support the Development of Venture Capital" at the summit, focusing on the aspects of institutional aggregation, capital collaboration, project matchmaking, model innovation, talent development, and project demand.

Seven batches of signing ceremonies were completed at the summit, with 46 projects signed, including the Xi'an Talent Fund Investment Project.

In addition, the 2024 Xi'an Longmen Top 20 list was released at the event. Excellent Xi'an companies that have listing prospects and are interested in pre-IPO have been matched with investment institutions to accelerate their corporate finance progress.

Meanwhile, at the industrial investment forum, many guests conducted in-depth exchanges on digital economy, integrated circuits, aerospace, new energy and new materials.