The Venture Capital Day of Shenzhen was held on Feb. 8 in Luohu district.
The event showed the new development achievements of the Hongling emerging financial industry belt in Luohu. The Luohu district government also released new supporting policies and unveiled five major financial industry parks.
Administrators for Luohu signed contracts with six industrial funds worth more than 26 billion yuan ($3.84 billion) at the event. Special sessions were also held for more than 100 joint stock cooperative companies to communicate with venture capital institutions.
“As the vanguard of reform and opening-up, Luohu has formed a modern urban industrial system with deep industrial deposits, high economic density, and strong momentum for development,” Head of Luohu district Fan Defan said during the event. “Currently, a new engine of innovation and development is forming at an accelerated pace in the district.”