To Meet the Foreseeable Future

Your distinguished leaders, guests , colleagues, ladies and gentlemen, 

Happy New Year! 

Time flies! It is another harvest year again for us to summarize, adjust and list gains. All the friends and acquaintances are gathered in Beijing to discuss the "innovation" from the "international perspective" and look forward the future of "capital." On behalf of ZVCA and other organizers, I warmly welcome the arrival of all my friends!

What’s past is prologue. Both refulgence and confusion have been the past of 2017. The 19th CPC National Congress convened successfully in Beijing and “Two Century” plan forges us ahead. Let us look forward a newly 2018 and try harder in 2018.

Unlike debt financing and securities investment, private equity investors need a more forward-looking vision and a closer relation with entrepreneurs. The policy that solid finance and larger ratio of direct finance will bring long-term positive impacts on the industry. The ever-growing material and cultural needs of the people has provided an inexhaustible foundation power for the next round of China's economic development. The development of “One Belt One Road” and the internationalization of the renminbi allow China's economic a huger development space.

"Rise of China" takes a path that no one has ever walked before. With the growing of China's economic development advantages, many Chinese subdivided industries and emerging industries are leading the world. China ‘s merely modelling American private equity pattern has come to an end.

It is the China governments’ more emphasize on private equity, the tremendous demands of Chinese financing, the leaping development of global technology and the optimization of China 's economic structure, energy structure, demand structure as well as state - owned enterprise reform that convince us that all above steps will provide historic development opportunities for all of you. A number of great companies are about to be born. Meanwhile, a powerful private equity with Chinese characteristics will unveil. From this perspective, everyone of our investors has a long way to go.

Private equity is a young industry in China. Although the number of practitioners in the private equity has grown rapidly to over 200,000 in recent years and the scale of assets under management exceeds 10 trillion yuan, it is still a niche industry compared to traditional banking, insurance, securities and other financial formats. With the participation of many newcomers, the industry needs more outstanding industry organizations to work together to keep industry develop healthily and steadily.

As a national association, ZVCA offers professional services for various private equity organizations around the country. Professional and international service is our labels and goals. We come from the private equity industry, and will present services to industry organizations in return. We are willing to join hands with national and international brother organizations to contribute to the development of the industry. 

At the end, I wish all of you, investors here, can meet your "foreseeable future" in 2018 and invest in good projects, get good returns. We wish our industry will be booming, our country will be flourishing, and human beings in our planet will be  peaceful development! Be happy! Be healthy!

Thank you!

ZVCA　Jason WANG