The City Has Aimed High In Its Hosting Of Major International Events, Such As 2016's G20 Summit

The City Has Aimed High In Its Hosting Of Major International Events, Such As 2016's G20 Summit

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LEVERAGING MOMENTUM Keen to capitalise on the presence and start-up spirit of these tech giants, the city’s government has begun to actively promote Hangzhou as a key technological hub. According to the Hangzhou Tourism Commission (HTC), “Hangzhou has introduced a series of policies to attract high-tech enterprises to settle in Hangzhou. Among these, the ‘Hangzhou Silicon Valley incubator’ has contributed 21 outstanding high-tech enterprises that have settled here.”

This incubator project comes in two forms: a US$50 million cross-border venture-capital guidance fund aimed at exploring the establishment of overseas equity investment enterprises; and the implementation of overseas venture-capital enterprises and seeking out angel investors to invest in the pilot work of Hangzhou-based, non-listed enterprises.