On December 17-18, the "2023 Phoenix Finance Annual Conference" hosted by Phoenix and hosted by Phoenix Finance was held.
Sheng Xitai, founding partner and chairman of Hongtai**.
Sheng Xitai, founding partner and chairman of Hongtai**, said in the roundtable discussion session of "Future Technology Empowering Industrial Upgrading" that at present, the investment industry has become a "brick-moving" industry, and the direction of investment is highly consistent with the direction of investment promotion. This transformation is also a progress for the industry, so that the investment institutions and the industry are strongly combined, serving the world, serving the industry, and serving the regional economic development.
Moving bricks refers to finding a 'gold brick' in the Yangtze River Delta, the Greater Bay Area and other developed areas in the east, even if it is not 99k, to get some gold content, and then moving to other regions such as the central and western regions. In this process, it is necessary to communicate with the people who move out and move in. At present, the renminbi ** has this feature. The 'Anhui model' and 'Wuhu model' actually hope to move the 'bricks' from Jiangsu and Zhejiang. In this ecological environment, investment institutions must learn how to survive and develop.
In this context, Sheng Xitai also talked about some hidden concerns in the VC industry. "In the last two or three years, more than 90% of VCs may not have raised money," he noted. If VC has less and less money, then who will support entrepreneurial innovation?We didn't realize the important role that venture capital has played in the past 20 years to the booming economy, so we didn't pay much attention to the situation. We need to take a good look at how much VC has contributed to China's economy over the past 20 years, and I think it's incredible. ”