On December 10, Suzhou Venture Group held a meeting at Dushu Lake Hotel on the occasion of its 10th anniversary to summarize its achievements and announce new plans for future sustainable growth.
Chairman Lin Xianghong of the Group introduced the past gains and the future plans including setting up a VC fund for Recruitment Program of Global Experts, the China-Singapore Industrial Fund, and building High-End Investors Club. He said that, in next decade, the Group would invest in 2,000 startup projects, help 400 Global Experts to get investment and 100 companies established by Global Experts to go public.
Secretary Ma Minglong of SIP CPC Working Committee recognized the achievements of Suzhou Venture Group and said that, as a leading finance brand in the country, it had been one of the leaders in promoting economic transformation and upgrading in the city. He also pointed out that the competition in the field became increasingly tough and hoped that its management and staff would be take full account of the difficulties and achieve sustainability through innovation and cooperation. The core is to stick to equity diversification and to improve the Group's competitiveness by strengthening corporate management.
China-Singapore Suzhou Industrial Park Ventures was founded in 2001 and renamed Suzhou Venture Group after reorganization. Its registered capital increased from 250 million to 7.6 billion yuan in a decade; the fund under its management or co-management amounts to 22 billion yuan. It has invested in nearly 300 enterprises, guaranteed or granted small loans to 1,600 companies. SIP Sanlake Square, a finance facility built by the Group, is the site of 28 fund management institutions with 40 equity investment funds with a total size of 39 billion yuan under their management.
