The 8th China Venture Capital (VC) Forum officially opened on April 7 in the Wuzhou Guest House in Shenzhen City of South China's Guangdong Province.

Carrying the theme of "A New Chapter in the Nation's Self-Innovation Strategy, the event attracted more than 1,000 participants, including 350 venture capitalists from China, USA, European and Asian countries, 250 entrepreneurs with financing needs, top executives from intermediate institutions, government officials and scholars, and over 200 reporters, making it the grandest among the eight annual sessions of the VC forum held since 1998.

Co-organized by the Central Committee of China National Democratic Construction Association, the Ministry of Science and Technology, the Guangdong Provincial Government and the Shenzhen Municipal Government, the forum elaborated on topics like "Technology and Venture Capital: The Role of Government," "The Capital Market and Self-Innovation Strategy," "China's 11th Five-Year Plan and Innovative Economy: The Engine of the Global PE/VC." 

During the two-day forum, nearly 90 people will deliver their speeches. Through intensive discussion and interactive communication, speakers and participants will explore the tendency of Chinese innovative economy and policies governing venture capital and disclose hot topics and tendency of global private placement capital and venture capital, in an attempt to boosting communication and cooperation between Chinese and foreign PE (private equity) and VC industries, as well as helping innovative enterprises to expand and grow through domestic and overseas capital markets.

This forum will function as a platform of exchange and cooperation between Chinese and foreign venture capitalists, a bridge for domestic and overseas VC insiders to launch a direct dialog with policy makers, and a passage to cooperation between venture capitalists and entrepreneurs.

In the past 10 years, it has been proved that venture capital is the accelerator to enhance innovation ability with the rapid development of innovative economy in the United States, Europe, Israel, India and Korea. Meanwhile, with its fast growth in China, venture capital has played an important role in boosting new economy of China, especially the growth of high-tech innovative economy.

In October 2005, self-innovation was formulated as the focus for the 11th Five-Year Plan during the fifth session of the 16th Central Committee of the Communist Party of China. At present, a global revolution of science and technology is under way.

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