Industry dynamics of June 2019

Updated: Jun 30,2019 11:18 AM

   1. World Bank published a series of reports and encouraged South Asian cities to learn from Shanghai’s experience 

Recently, the World Bank South Asia Regional Unit and Shanghai Institute of International Studies jointly held a press conference in Shanghai to launch a series of research reports on “Knowledge Exchange between Shanghai and South Asia”, which introduced Shanghai’s “Pudong Experience” as a success story of China’s reform, opening up and urbanization development to South Asian countries along the “Belt and Road”. Prof. Chen Dongxiao, President of Shanghai Institute of International Studies, Dr. Martin Rama, Senior Adviser and former Chief Economist to the World Bank South Asia Regional Unit and representatives from Shanghai Finance Bureau delivered speeches at the opening ceremony.


2. Shanghai IC Industry "FinTech Service Station" officially unveiled

      On June 5th, Shanghai IC Industry “FinTech Service Station” was officially unveiled at Shanghai Simic Holdings Group. At the same time, the Industrial Bank, the Bank of Shanghai and Shanghai Rural Commercial Bank signed strategic cooperation agreements with the Service Station and offered the IC industry a credit line of RMB13.5 billion. In the first batch, 7 IC enterprises received the credit line of RMB1.514 billion in total.

      Established by Shanghai Science and Technology Entrepreneurship Center under Shanghai Municipal Science and Technology Commission, the Service Station was committed to further promote the interconnection between government, financial institutions, management platforms and tech startups in the field of integrated circuits. This is the second “FinTech Service Station” in Shanghai after the one in biomedicine. 


3. Shanghai issued “20 Opinions on the Healthy Development of the E-ports Industry” to accelerate the construction of the city as a global e-sports capital

      In order to drive the orderly and healthy development of the e-sports industry in Shanghai and accelerate the construction of the city as a "global e-sports capital", Shanghai recently issued “20 Opinions on the Healthy Development of the E-ports Industry”.

      Shanghai will optimize the business environment of the industry, open up both upstream and downstream, expand the industrial chain, and upgrade the development energy level. Specifically, it will establish and improve the standardization system for the development of the e-sports industry, build an e-sports ecosystem with agglomeration of resources, perfect infrastructure and a good business environment, play a role as a market actor and develop a number of e-sports products with rich forms and unity of social and economic benefits. It will also gather a group of leading esports enterprises and teams with innovation and core competency, host a number of top-level e-sports events with strong professionalism, high recognition and international influence, build up a set of e-sports parks with business clusters and well-functioning e-sports venues, and foster a pool of high-end e-sports professionals with innovative leadership and outstanding professional skills, in order to become a "global e-sports capital" over the next 3 to 5 years.


 4. The first investment fund of the convention and exhibition industry launched in Shanghai

      China's convention and exhibition industry is facing the transition and challenge from high-speed growth to high-quality development. On June 19th, the first investment fund focusing on the exhibition industry in China, Shanghai Convention and Exhibition Industry Equity Investment Fund (planning), was officially launched at Shanghai Summit of International Convention and Exhibition Industry CEOs in 2019. Shanghai Convention and Exhibition Industry Equity Investment Fund is jointly established by Shanghai Donghao Lansheng (Group) Co., Ltd. and Shanghai Real Power Capital Management Co., Ltd. as founding sponsors, along with Shanghai Huangpu District Government Investment Fund and Hualin Capital Management Co., Ltd.


5. Shanghai New Materials Private Enterprise Forum was held, and the leaders of Shanghai CPPCC Committee attended the event and delivered speeches 

      Shanghai New Materials Private Enterprise Forum was held at the premise of Shanghai CPPCC Committee. Dong Yunhu, Chairman of Shanghai CPPCC Committee, attended the meeting and delivered a speech.

      At the meeting, representatives of private enterprises from the fields of integrated circuit supporting materials, special forging for high-end equipment, water-soluble polymer materials and other areas and heads of related industry associations reported the development of new materials private enterprises in Shanghai and the difficulties they face. Some members of Shanghai CPPCC Committee in the economic, scientific and technological fields communicated with these representatives on promoting the implementation of industry policies, strengthening industrial R&D and innovation supports, driving industrial clustering, alleviating the difficulties of corporate financing and accelerating the cultivation of high-skilled professionals. The leaders of Shanghai Municipal Commission of Economy and Informatization, Shanghai Science and Technology Commission and other relevant units were present and listened to the advices and suggestions.