As a financial consultant, Jiahua Capital, a domestic emerging investment bank, has helped many enterprises to successfully raise funds in China in recent years. For example, two years ago, it successfully led two rounds of financing totaling US $31.5 million to help Chinas intelligent transportation grow. At present, Chinas intelligent transportation is seeking listing in Hong Kong. "We have also set up an investment fund of 0.5 billion yuan." Jiahua Capital partner Song Xiangqian said that he hopes to find good projects, glad you came.

Financial crisis makes the whole market calm

In Song Xiangqians view, the financial crisis provides an opportunity for the investment and financing industry, that is, investors can more easily find companies that have enhanced their ability to resist risks and resist industry cycles. The competitiveness of superior enterprises has increased. Now, whether investors or financiers, the Matthew effect is beginning to be reflected. In this round of adjustment, Chinas economy began to shift to technological progress and resource competition, rather than simply relying on low-price competition. This also gives the venture capital industry future investment direction judgment.

Optimistic about Sichuan Traditional Characteristic Industry

A number of PE (private equity investments) and VCs have begun to penetrate regional markets by selling securities directly to institutional investors such as funds, insurance companies and banks, which generally do not require registration with securities regulatory authorities as they do not involve public offerings. Song Xiangqian said that he is very interested in some traditional characteristic industries in Sichuan and has been tracking some projects in Sichuan in recent years. At present, the investment of 0.5 billion yuan under its management is mainly located in the middle and late stage of investment. The scale of a single investment is tens of millions of yuan.

"Sichuan is a major tourism province with a lot of tourism resources and tourism products, such as Jiuzhai Huanglong, Lugu Lake, Hailuogou, Northwest Sichuan, Leshan, Shunan Bamboo Sea, etc. are very famous, but there is also the problem of low industry concentration. I hope to integrate a strong tourism platform through the power of capital." Song Xiangqian revealed that he had contacted the company with basic tourism resources in Jiuzhai Huanglong before. He also said that the western tourism industry investment fund that Sichuan is seeking to establish will play a huge role in the future by finding suitable projects.

In addition, wine making, electronic equipment, heavy equipment manufacturing, agricultural and sideline products processing and circulation, environmental protection, new materials, hydropower resources and other industries are also the investment directions of Sichuan that Song looks forward. "Zhang Fei beef in Langzhong and a large pig slaughtering enterprise in Sichuan have all followed up and investigated." Song Xiangqian believes that with the huge population and market in Sichuan, the investment opportunities here deserve the attention of the domestic venture capital industry.

Chengdu should welcome the entry of financial elements.

Song Xiangqian believes that the development of the western region needs a financial center, and Chengdu has a unique advantage in building a financial center in the western region, which can not only cover the three provinces in the southwest, but also affect parts of the northwest. "Chengdu has a huge reserve of production, education and research, and should have its own position in the national financial map."

Song suggested that Chengdu should welcome the entry of financial capital and various factor capital with a more open attitude. "In this regard, Chengdu needs to introduce better policies to leverage the development of the financial market." Song Xiangqian suggested that, for example, the introduction of VC and PE should first improve the database of resources of enterprises to be listed in Chengdu, so that investors can find good enterprises more conveniently.

Secondly, local governments must adhere to the guiding direction of market-oriented investment in the development of venture capital guidance funds. "At present, many local governments are engaged in guiding funds. After introducing VC and PE into joint ventures, they insist that the joint venture fund should focus on local investment projects and delineate the total amount of investment. But most investors dont actually want to reduce their investment opportunities in the country. It is hoped that Chengdu can respect the laws of the market when establishing such government-guided investment funds; third, Chengdu should hold more financial exhibitions to promote the flow of financial information and talents.

Finally, Song Qianqian hopes that Chengdu can make innovations in taxation. For example, the current headache for venture investors is the application of taxation in various places after the establishment of a partnership company. Tianjins innovation is that partnerships apply a 10% tax, while Beijing and Shanghai still insist on 20%. "Tax innovation is very important. This can quickly allow a lot of investment funds to settle in Chengdu and expand the overall plate."

Editor: Audi