BIZCHINA / Background
Past Events
Updated: 2006-03-20 10:49
April 8 �C 9, 2005
Shenzhen Wuzhou National Guest House
Enhance International Cooperation on Venture Capital
Promote Development of China's Innovative Economy
China has achieved extraordinary success in her economy over the past 25
years with over 9% annual GDP growth on average. However, the dramatic
development was gained at the expense of huge capital input, tremendous
consumption of resources, low economic efficiency and inferior
productivity and serious environmental pollution. Such kind of economic
growth model featured as high input and low output is not sustainable.
The way for China to achieve sustainable economic development in the next
two decades should be based on innovation. Technology innovation,
management innovation and system innovation will bring along resources
and vitality for the new economic growth model, with Venture Capital
being the real engine to power the growth. The development of an
innovative economy and experiences from the United States and Israel
clearly indicate that Venture Capital will have a great development
potential in China. Venture Capital has become strategically important to
China's economic growth. However, it has encountered a variety of
obstacles, which confined the growth of this promising industry like a
roaring lion in the cage.
The China Venture Capital Forum 2005 will bring together thought leaders,
experts and practitioners from the global Venture Capital communities, to
share their creative ideas and valuable insights on six major issues.
Discussions are centering on solutions to overcome the obstacles for the
nation's Venture Capital development. The six topics are: (1) Favorable
taxation policy for Venture Capital; (2) How can government funds learn
from international experiences (such as the Israeli YOZMA fund) to
attract private capital and international funding to energize the growth
of China's innovative economy; (3) How to strengthen legal protection of
Intellectual Property (IP), resolving IP disputes and enhancing
litigation efficiency; (4) How to build a comprehensive legal framework
for Venture Capital in China; (5) How to promote the development of
China's M&A market and Second Board market, in order to widen exit
channels for Venture Capital, and finally, (6) how to strengthen the
notion of credibility among Chinese entrepreneurs to enhance information
transparency and corporate governance of business startups. More than 60
speakers from China and abroad will speak at the Forum. Chinese speakers
include members of the National People's Congress (NPC) of China, senior
officials and policymakers from the Ministry of Science and Technology,
State Development and Reform Commission and State Administration of
Taxation; overseas speakers include policymakers from USA, Europe and
Israel as well as prominent venture capitalists from China and abroad.
Speakers will share their perspectives on relevant Venture Capital issues
through in-depth discussions, debates, analyses and interpretations, with
reference to the current and typical situations in China.
This year, we have incorporated six other exciting special sessions,
namely, "American Venture Capitalists Forum", "European Venture
Capitalists Forum", "Asian Venture Capitalists Forum", "China (local)
Venture Capitalists Forum", "International Venture Capitalists in China
Forum: Experiences and Cases" and "The Globalization of Venture Capital
�C Integrating China". The Forum also plans to invite high-ranking
officials from home and abroad to announce award winners for "The Ten
Outstanding Chinese Venture Capital Institutions (Funds)" and "The Ten
Outstanding Chinese Venture Capitalists".
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