Star Market and Digital Economy Summit held in N China

The Star Market and Digital Economy Summit opened in the county of Zhengding, north China's Hebei province, on October 10. The Star Market is a commonly-used term for the Shanghai Stock Exchange Science and Technology Innovation Board.

With a theme of innovative capital promoting high-quality growth of the digital economy, the summit was an important sub-forum of the second China International Digital Economy Expo, scheduled to be held there on October 11-13.

The event drew the attendance of over 200 business representatives and specialists from domestic brokerages, funds, enterprises and scientific research institutes, as well as Gong Xiaofeng, director-general and Party leadership group secretary of the Hebei Department of Industry and Information Technology.

Participants held talks on how to further leverage the policies, achievements and capital in the Star Market and how to make full use of financial capital as well as industrial services in order to accelerate the growth of relevant enterprises, achieve innovation and promote high-quality economic development in Hebei.

For instance, Ding Wenwu, president of the China National Integrated Circuit Industry Investment Fund, noted that great efforts should be made to strengthen the coordinated development of industries and capital markets, adding that it is crucial to build sustainable capabilities and nurture growth momentum into the fundraising sector to support the fast growth of domestic integrated circuit firms.

Gu Qiang, president of the China Fortune Land Development (CFLD) Industrial Academy, emphasized that the development of China's digital economy should be built upon construction of a multi-tiered capital market beneficial for scientific and technological growth, improvements in the capital market's appeal and competitiveness, flow of capital into the digital economy and other frontier areas, and formation of an efficient as well as coordinated financial mechanism.

In addition, Zhang Xinhong, chief information analyst with the State Information Center and director of the Research Center of Sharing Economy; Gao Lili, general-manager of JIC Capital Management (Tianjin) Co., Ltd.; Wu Aibin, president of Luculent Smart Technologies Co., Ltd.; Yan Ruoyuan, vice-president of Visionox Technology Inc.; He Junguang, vice-president of Changjiang Financing Services Co., Ltd. and Wang Zhanbo, secretary-general of the Industry and Finance Committee affiliated to the Internet+ Development Association of China, shared their proposals about the future growth of Hebei's digital economy against the backdrop of Beijing-Tianjin-Hebei coordinated development, the building of Xiongan New Area, and the 2022 Winter Olympics.

On the sidelines of the forum, the CFLD and Clarivate Analytics Information Services Company jointly inaugurated a future laboratory featuring intelligent creation, which will provide small and medium-sized technological enterprises with innovative counseling services such as patent layout, commercial modeling and market expansion. The new lab will also assist the development of industrial parks and the building of industrial clusters.

Furthermore, the CFLD also brought its industrial big data platform to the second China International Digital Economy Expo and unveiled its latest product titled Big Data in the Star Market. The firm added that it would continually upgrade its industrial big data, enhance industrial development capabilities, and provide its partners with assistance in the building of their industrial clusters which are generally in information technology, high-end manufacturing, bio-medicine, and other developing areas.