On May 28, the 2024 Qingdao Venture Capital Conference was held in Qingdao. The conference gathered nearly 100 distinguished guests, including renowned experts and scholars, economists, representatives from leading venture capital (VC) and private equity (PE) institutions, and industry capital partners.
At the conference, the Management Committee of Qingdao Area of the China (Shandong) Pilot Free Trade Zone signed strategic cooperation agreements with Shandong Port Investment Holdings Co and China Media Capital (Shanghai) Equity Investment Management Co. The total signing amount reached 1.01 billion yuan ($140 million).
Since 2019, the Qingdao Area of China (Shandong) Pilot Free Trade Zone, also known as the Qingdao FTZ, has participated in the Qingdao Venture Capital Conference for five consecutive years, seizing opportunities and focusing on the development of venture capital institutions as a key track.
Compared to the period before its approval, the Qingdao FTZ has seen significant growth. The number of fund managers registered with the China Securities Investment Fund Association in the zone has increased to 14, a growth of 100 percent, and the number of fund products has risen to 54, a growth of 500 percent. The number of invested projects has reached 200, with investments totaling 8.7 billion yuan, spanning new generation information technology, marine, intelligent manufacturing, and new energy.
The zone is set to further promote capital and industry investment, create a more open and vibrant financial environment, stimulate the vitality of market entities with financial resources, and provide the necessary support for high-quality development.
China (Shandong) Pilot Free Trade Zone Qingdao Area
