Xi'an High-tech Industries Development Zone unveiled exciting milestones
in "Double Centers" core area construction at the 2024 Venture Capital Summit

On January 10, 2024, the Venture Capital Summit kicked off in Xi'an High-tech Industries Development Zone under the theme of "Embracing In-depth Industry Drive and Innovation for Greater Strength". The summit invited industry experts, academicians, investment institutions, and industrial enterprises for an enriching exchange of ideas, exploring macro trends, industrial investments, and enterprise development. This gathering offered an intellectual feast, providing insights into the future direction of venture capital.

Over the past 30 years, Xi'an High-tech Industries Development Zone has pioneered the construction of an innovation chain encompassing "scientific research and development-achievement transformation-enterprise cultivation-industrial growth" in China. It has become a hub for key and core tech companies and projects, ranking first in the national high-tech zone in terms of comprehensive strength. In the last three years alone, Xi'an High-tech Industries Development Zone achieved a remarkable net GDP increase of 100 billion yuan, with R&D expenditure accounting for 8% of GDP, and an annual growth rate of over 30% in the output value of high-tech industries. The robust foundation and advanced development model of the sci-tech innovation industry have positioned Xi'an High-tech Industries Development Zone as the core bearer of "Double Centers".

Over the past year, since the establishment of core bearer of "Double Centers", Xi'an High-tech Industries Development Zone has capitalized on opportunities by focusing on creating four key sectors: "science, sci-tech innovation, industry, and service." This strategic approach has expedited the synergy between technology and finance, paving the way for the emergence of a globally influential hub for key and core technology innovation. Additionally, it has positioned itself as a leading center for cutting-edge future industries and the preferred destination for top talent in The Belt and Road Initiative.

During the recent Venture Capital Summit, the signing and collaborative efforts for the workstation for Silk Road Science City, along with the entrance of eight venture capital institutions into the Qinchuangyuan Sci-tech Innovation Fund Park, have significantly bolstered the development of technology and finance in Xi'an High-tech Industries Development Zone.

At the opening ceremony, Xi'an High-tech Industries Development Zone formalized a partnership with the Shenzhen Stock Exchange. The collaboration aims to jointly establish a workstation for Silk Road Science City, offering comprehensive capital market services for major projects and key enterprises in Silk Road Science City. This initiative seeks to channel innovative resources towards Silk Road Science City, contributing to the high-quality development of technology and finance in Xi'an High-tech Industries Development Zone.

Qinchuangyuan Xi'an Sci-tech Innovation Fund Park also inked agreements with eight institutions intending to set up. Serving as a vital financial hub for Xi'an High-tech Industries Development Zone, Qinchuangyuan Xi'an Sci-tech Innovation Fund Park has consistently attracted high-quality venture capital institutions, promoting the tech industry through financial service innovation and expediting the transformation of Qinchuangyuan's scientific and technological achievements.

For six years in a row, the Venture Capital Summit has made its mark in Xi'an High-tech Industries Development Zone. It plays a pivotal role in supporting research and development of key and core technologies, facilitating their transformation, nurturing tech companies specializing in key and core technology, and fortifying the sector as a whole. It has evolved into a vital catalyst for the development zone, paving the way for new opportunities, fostering competitive advantages, and establishing a solid foundation for a high-tech industry and manufacturing base. With the sustained momentum from the Venture Capital Summit, Xi'an High-tech Industries Development Zone is poised to seize the significant opportunity of building core bearer of "Double Centers". The focus remains on promoting the mutual amplification of science and technology and finance, expediting the seamless integration and robust development of science, industry, and finance, all while contributing substantially to the self-reliance of cutting-edge technology.(Correspondents Peng Changdi and Yu Qiujin)