The Op­tics Val­ley In­cu­bates Its Fi­nance Func­tion


Special Focus - - Contents - 刘冬莉张珊妮Liu Dongli, Zhang Shanni

Con­nect­ing creativ­ity with cap­i­tal was a for­mula for Sil­i­con Val­ley’s suc­cess­ful de­vel­op­ment into the world’s cen­ter of tech­no­log­i­cal in­no­va­tion. It’s a sure bet that Sil­i­con Val­ley wouldn’t even ex­ist as we know it to­day without cap­i­tal in­vest­ment.

On De­cem­ber 26, 2017, Wuhan East Lake High­Tech De­vel­op­ment Zone held a con­fer­ence at China Op­tics Val­ley Con­ven­tion and Ex­hi­bi­tion Cen­ter in con­junc­tion with the “Five Val­leys Joint De­vel­op­ment Project” pro­mot­ing the growth of Op­tics Val­ley, Biomedics Val­ley, SmartTech Val­ley, Fi­nance Val­ley, and Tal­ent Val­ley to re­lease the over­all de­vel­op­ment plan for Fi­nance Val­ley. Ad­di­tion­ally, a spe­cial fo­rum for Fi­nance Val­ley’s de­vel­op­ment and the pub­licly held com­pa­nies’ tour of Op­tics Val­ley was con­ducted si­mul­ta­ne­ously. Mean­while, the Op­tics Val­ley Fi­nan­cial Hold­ing Group and the Op­tics Val­ley In­dus­try De­vel­op­ment Fund with a reg­is­tered cap­i­tal of 50 bil­lion yuan have come into op­er­a­tion.

Wuhan Fi­nance Val­ley as­pires to de­velop it­self into one of the world’s top fin­tech cen­ters, mod­eled af­ter the Sil­i­con Val­ley in the United States and Shen­zhen’s Qian­hai District in China’s Guang­dong Prov­ince. By the year 2020, its de­vel­op­ment into a new ma­jor pi­lot zone for fi­nan­cial de­vel­op­ment, credit fa­cil­ity, and cap­i­tal in­no­va­tion in China will be com­plete.

Many well- known fi­nan­cial in­sti­tu­tions have es­tab­lished their af­fil­i­ated agen­cies in Op­tics Val­ley. Yet without ad­e­quate and con­cen­trated fi­nan­cial back­ing, Op­tics Val­ley still lacks self- suf­fi­cient fi­nan­cial in­sti­tu­tions which are able to re­solve their own sol­vency is­sues. This short­com­ing has be­come in­creas­ingly sig­nif­i­cant since the es­tab­lish­ment of Wuhan Branch af­fil­i­ated to Hubei Pi­lot Free Trade Zone.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.