Capital forum breathes new life into development
The Optics Valley Capital Science and Technology Forum takes place on May 23. [Photo/WeChat account of Optics Valley of China]
The Optics Valley Capital Science and Technology Forum was unveiled in the East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC) on May 23.
Managers from the stock exchanges in Beijing, Shenzhen, and Shanghai, representatives of more than 60 listed companies, and over 100 specialized and sophisticated small and medium-sized enterprises were invited to attend the event.
The Optics Valley Branch of Shenwan Hongyuan Securities was inaugurated the same day.
Market-based financial service institutions represented by securities and investment institutes play a pivotal role while enterprises land on the capital market. Having prioritized the capital market's development, OVC has been home to 34 security institutions.
So far, the valley has set up 60 special industrial funds and has invested in more than 1,000 projects. Last year, 22 new fund management companies registered in the valley, making the total number reached 193. And now the total fund volume being managed has exceeded 140 billion yuan ($20.1 billion).
The valley now has 62 listed firms whose gross market value is nearing 500 billion yuan.