September 10 witnessed the convening of the 2020 China LP Conference & the 2nd Lujiang Venture Capital Forum, which pooled hundreds of well-known entrepreneurs and investors in the private equity fund industry from around the country in Xiamen. Huang Qifan, vice chairman of China Center for International Economic Exchanges and former vice chairman of the National People's Congress Financial and Economic Affairs Committee, delivered a keynote speech by video. Huang Qiang, member of the Standing Committee of the CPC Xiamen Municipal Committee and executive vice mayor, attended and addressed the conference.
The past year has seen a rapid development in the financial industry of Xiamen since Xiamen Financial Industry Promotion Conference was held. Up to now, there are nearly 1,000 financial institutions in the city and 80 listed companies at home and abroad. Eight domestic listed companies are newly added this year, with the increment ranking in the forefront of vice-provincial cities. The industrial investment funds set up by the municipal government have achieved total scale of 77.1 billion yuan, and well-known fund management institutions such as CICC, CDH, Sequoia and Hillhouse have gathered in Xiamen. 1,122 private equity funds of various types have been registered in the Asset Management Association of China, with a total scale of the registered funds of 211.4 billion yuan.
Huang Qiang said in his speech that as the only cross-strait regional financial center in China, Xiamen is becoming the height of financial service innovation and an important cluster for private equity funds along the southeast coast of China. The policy on financial development and equity investment in Xiamen was also announced at the conference.
