The Economic and Financial Suggestions Group of the Provincial European and American Alumni Association conducted a research on Xi Venture Capital

　　On the afternoon of March 14th, the Economic and Financial Suggestions and Suggestions Group of the Jiangsu Province European and American Alumni Association came to Xi'an Venture Capital for research and exchange with the topic of "How Industrial Funds Can Promote the Development of Entrepreneurial Economy". Tan Xumei, Chairman of the Supervisory Board of Xichuang Capital, and Fang Liang, Legal Director, attended the research meeting together. At the meeting, we first gave a brief introduction to the company's basic situation and fund situation. Then, the two sides had lively discussions on how to combine local government resource endowments and industrial foundations to make precise efforts in industrial funds, how to extend entrepreneurial parks to industrial funds, and local talent policies in Wuxi. We summarized many excellent experiences and collided with many good ideas and methods.

　　At present, industry funds have become an important driving force for technological innovation. Jiangsu, as a strong province for domestic venture capital, has significantly accelerated its layout in venture capital business in cities such as Nanjing, Suzhou, Wuxi, Yangzhou, and Nantong in recent years. As the main state-owned fund management institution in Wuxi City, Xichuang Capital has basically formed a full license and full category fund management system through continuous promotion of reform and development in accordance with the decision-making and deployment of the Municipal Party Committee and Municipal Government. It integrates seed, angel, entrepreneurship, equity, mergers and acquisitions, and S funds, focusing on strategic emerging industries such as integrated circuits, biomedicine, dual carbon energy conservation, and advanced manufacturing. As of the end of 2022, the cumulative scale of Xi Venture Capital Management Fund has exceeded 200 billion yuan, with a total of about 900 investment projects and a total investment of about 75 billion yuan. Among them, there are more than 500 local projects in Wuxi, with a total investment of over 30 billion yuan. It has cultivated more than 100 listed companies such as New Clean Energy, Longda Co., Ltd., and Time Angel, and supported the landing of a number of major projects such as Huahong Wuxi, Wentai Technology, and Lishen Battery, providing strong support for Wuxi's technological innovation and industrial development.