Changsha Hosts Int'l Forum on High-tech, Venture CapitalAn international forum on high-tech industry and venture capital opened in Changsha, this capital of central China's Hunan Province Wednesday.During the two-day event, government officials, experts and leaders of some venture capital institutions from both at home and abroad will focus their discussions on the development of high- tech industry and the current status of venture capital investment. An exhibition to highlight China's high-tech achievements, an investment and financing fair and related activities will be held during the forum, according to the Hunan Provincial Development Planning Commission, the organizer of the event. Statistics show that China has a total of 160 companies involved in the venture capital business, with a total of 18 billion yuan (over 2 billion U.S. dollars) in registered investment, according to Cheng Siwei, vice-chairman of the Standing Committee of the National People's Congress (NPC). China's venture capital sector is still small in development scale, and needs more investment and public participation. All companies involved in the business should improve their business performance based on legal and standardized operations, Cheng, also an expert in the field, told the forum. He suggested that China follow international experience in the venture capital industry while searching for a suitable development model for itself. |
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