Venture Capital and Private Equity Center to Help Hi-tech Companies
To help hi-tech companies get their much need capital, a venture capital and private equity center will be paced in the Shenzhen Hi-Tech Industrial Park. During an international forum the deputy director of the Science, Industry, Trade and Information Technology Commission of Shenzhen said that the center will attract 150 venture capitalists.
To further help the hi-tech companies, the city government will also encourage commercial banks to open high-tech branches, similar to foreign banks. The government will also encourage companies to establish a small loans firms. An international forum organized by the service center of the Shenzhen Hi Tech Industrial Par in cooperation with the Shenzhen International Science and Technology Business Platform was also held that talked about Constructing World Class Industrial Parks.
The forum had 200 people in attendance consisting of senior government officials from China and abroad. Representative from the 20 State level high tech parks were also in attendance. Discussions were also brought across the table on how to find ways to finance these hi-tech companies.