The 3rd Venture Capital and West China Development Forum Successfully Held in Xi’an

With co-sponsorship of China Council for International Investment Promotion (hereinafter referred to CCIIP) and the People’s Government of Shaanxi Province, the 3rd Venture Capital and West China Development Forum was held in Xi’an, Shaanxi Province on April 6th, 2009 during the 13th East-West China Cooperation & Investment Trade Fair.

The opening ceremony for this year’s Forum which is highlighted by “the Financing Strategy of Enterprises in Financial Crisis” as its theme was presided by Chairman of China Council for the Promotion of International Trade Shaanxi Sub-Council Liu Ajin. Respectively on behalf of the host and the sponsor, Deputy Director of the Standing Committee of Shaanxi People’s Congress Zhang Daohong and Executive Deputy President of CCIIP Zhou Ming delivered the addresses. In her speech, Madame Zhou elaborated on the opportunities and challenges of financing faced by enterprises in current economic situation, and also the innovative features of the 3rd Forum in respect of its theme and scheme.

Mr. Wang Jun, Deputy Director of General Affairs Division of Department of Foreign Investment Administration, MOFCOM of P. R. C., made an introduction to participants on the latest trend of China’s FDI and the new policies of venture capital; the officials from relevant departments of Shaanxi government, VC/PE investors, and the deputies from law office and securities company also gave keynote speech on the financing strategy of enterprises under current economic conditions. In the afternoon, the VC/PE investors from Sequoia Capital China, SB China Venture Capital, Climate-Change Capital, CXC Capital, Inc., HSBC Private Equity (Asia) Limited and BlueRun Ventures analyzed the key factors in regard to investing practice through roundtable panel discussion, further strengthening the understanding of enterprises present on VC/PE financing. Totally 8 deputies of local enterprises who came out after pre-competition and training made introduction in turn of their important programs later, and followed by excellent comments from all investors present.

The Forum gathered nearly 60 VC/PE investors and deputies of law offices, securities companies and part of local IPOs in China where they communicated with over 250 deputies of Shaanxi local enterprises. As the main theme closely tied to current domestic and international economic situation, speech polished with detailed planning and enterprises went through pre-competition and professional training for program introduction, the Forum achieved complete success and met with unanimous favorable reception with its good research, discussion and matchmaking effects.

In addition, Mr. Zhang Daohong and Madame Zhou Ming also unveiled for Shaanxi International Investment Promotion Council at the opening ceremony.