Luohu establishes private equity hub
The Private Equity Forum for High-Quality Development and the unveiling ceremony of the Private Equity Fund Park were held at Luohu's KingKey 100 Tower on Sept. 26. Eight representative institutions signed contracts to settle in the park, with a total managed fund scale exceeding 70 billion yuan. Over 80 attendees, including industry representatives and cooperative financial institutions, participated in the event.
The park is one of the five major financial innovation hubs in Luohu, strategically located in the Hongling emerging financial industry belt. Situated in the prominent KingKey 100 Tower, the park spans 15,000 square meters. It is part of the city's plan to establish economic agglomeration zones featuring financial headquarters, with the Caiwuwei area being a key focus.
Luohu district currently boasts nearly 100 licensed financial institutions in banking, securities, and insurance sectors, ranking second in the city. The total financial assets exceed 6 trillion yuan, accounting for approximately one-third of the city's total. The financial industry's added value represents nearly one-fourth of the city's total, reaching nearly 100 billion yuan.
From 2023 to 2025, Luohu aims to drive the high-quality development of the financial industry through six major actions, encompassing headquarters agglomeration, innovation leadership, Shenzhen-Hong Kong cooperation, empowering entities, ecological protection, and risk prevention. Additionally, efforts will be made to strengthen Shenzhen-Hong Kong financial cooperation, accelerate the synergy of financial headquarters, and foster emerging financial formats.