On the afternoon of November 1, the Beijing-Tianjin-Hebei Venture Capital 50 Institution Forum and the Tianjin Venture Capital Summit 2018 were held. The event brings together well-known venture capital institutions in the Beijing-Tianjin-Hebei region to share experiences on industry status, venture capital opportunities, and development prospects, promote information sharing, win-win cooperation between venture capital institutions, and better help enterprises in the Beijing-Tianjin-Hebei region in innovation and entrepreneurial development.
The three places jointly launched the Beijing-Tianjin-Hebei Venture Capital.
In the past four years, the Beijing, Tianjin and Hebei have actively integrated into the Beijing-Tianjin-Hebei coordinated development strategy, and vigorously promoted collaborative innovation from various angles, and achieved positive results in venture capital.
At the meeting, the Beijing-Tianjin-Hebei Science and Technology Innovation Coupon, which brought together thousands of open laboratories and served thousands of small and micro-enterprises in the three places, was frequently mentioned by the relevant person in charge of the science and technology departments of the three places. “Beijing, Tianjin and Hebei have identified the first batch of mutual recognition technology service resources and operating institutions, and selected regional science and technology service resources from key institutions such as key laboratories and engineering centers according to conditions, forming the first batch of open and mutual recognition open laboratory catalogues involving 753 kinds of laboratories – 427 in Beijing, 238 in Tianjin, and 88 in Hebei.” Lian Dongqing, deputy director of the Tianjin Science and Technology Committee, will continue to encourage venture capital institutions to play a role in supporting science and technology innovation and accelerate the gathering of venture capital resources and create a good entrepreneurial investment climate, so that it can better serve the development of Beijing-Tianjin-Hebei enterprise innovation and entrepreneurship.
At the event site, the Beijing-Tianjin-Hebei Venture Capital Alliance welcomed a new batch of venture capital institutions from three places. Secretary-General Tang Jincao said that the alliance will speed up the pooling of resources of Beijing-Tianjin-Hebei venture capital institutions by establishing a linkage and cooperation mechanism among members of the Beijing-Tianjin-Hebei Venture Capital Alliance to build a platform for sharing information, exchanges and cooperation, and personnel training among members. It will give full play to the role of the venture capital service industry in the coordinated development of the Beijing-Tianjin-Hebei region.
Venture capital experts from the three places gather to share wisdom and suggestion.
Experts attending the meeting generally believe that China's venture capital industry has entered an adjustment period and will face relatively large adjustments in the next few years. Focusing on the coordinated development of the Beijing-Tianjin-Hebei region, the representatives of the venture capital institutions in the three places put forward their own ideas and suggestions to explore how to achieve win-win situation in the future development of cooperation among Beijing, Tianjin and Hebei.
"The cold winter of China's venture capital industry has arrived. On the one hand, it is difficult to raise funds. On the other hand, the industry is too uncertain. From the new rules of capital management to taxation, to the supervision of dual GP dual-management mode, it is constantly on the rise. Change, especially strong supervision, results in the cost rise of all aspects of venture capital institutions.” Tang Jincao believes that the development rate of China's parent fund industry has been relatively fast, and now it is the parent fund that can really pay. The private parent fund is very important. It requires the state to pay attention to the parent fund industry and treat the parent fund as an independent industry.
In view of the investment synergy between Beijing, Tianjin and Hebei in the current situation, Xie Kai, general manager of Shijiazhuang Qirui Investment Management Center, combined with his own experience in investment and fund formation management, suggested holding high-end forums regularly to strengthen high-level exchanges among venture capital institutions in the three places; The feasibility of the top-level design of the Beijing-Tianjin-Hebei Fund should be discussed to try to unify the investment strategy and develop together; we should strengthen the training and exchanges of the fund's executive level, try to establish a platform for regional investment information communication and exchange training, and try to establish an sharing platform for the exit from investment to post-project to reduce investment risks.