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West Lake investment summit
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The Fourth West-Lake Summit on Global Alternative Investment Fund was held in Hangzhou on Sunday with the theme of 鈥済uided by technology and normalized by supervision.鈥
Private equity leaders, scholars and industry supervisors gathered in the city to discuss the regulated development of alternative investment funds with the help of technology.
By the end of April, there were 1,485 private-equitie agents or firms in Hangzhou, managing funds of 435.4 billion yuan (US$68.03 billion). Hangzhou is the fourth largest city in China in this area after Shanghai, Shenzhen and Beijing. Take Yuhuang Shannan Fund Town in Shangcheng District as an example, it has registered 2,589 equity funds, securities brokerages and wealth management companies and generated 4.3 billion yuan in taxes by April.
Globally, the total value of private equity funds reached US$744 billion by the end of January, rising 25 percent over the same time last year.
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