A CONFERENCE centering on the support of Futian for innovative private enterprise equity investment and the release of financial aid policies was held Dec. 26.

During the conference, Futian’s district government announced two key projects. Firstly, the district recently established the Shenzhen-Hong Kong technology innovation investment fund, aiming to provide capital for the incubation and acceleration of projects in strategic emerging industries.

Additionally, the district will establish the fintech city project in the emerging industry area of Meilin in order to provide quality industry space for innovative finance companies.

The industry investment fund for the Shenzhen-Hong Kong technology innovation cooperation zone launched by Futian’s district government will reach three billion yuan (US$440 million) and will focus on the key industries of the Shenzhen-Hong Kong technology cooperation zone, covering biomedicine and bioscience, artificial intelligence, fintech, microelectronics, information technology and medical services.

The fintech city project will settle in Huachao Building in Meilin and will be renamed “Fintech City.” The project will further strengthen the advantages of Futian in the fintech industry, create a better atmosphere for its development, improve its financial ecosystem and cultivate a new status for fintech.

Huang Wei, vice head of Futian’s district government, said that the Futian guiding fund will prepare a top-level design for a system for carrying out the integration of equity and venture capital policies, and system innovation.

Huang pointed out that the district government wishes to solve the problem of difficult and expensive financing for private enterprises by financing innovative private enterprises in a market-oriented manner. (Chen Xiaochun)