CAFE UK co-hosted the "2015 Global Hedge Fund West Lake Summit"

On the evening of May 15, Xia Baolong, Secretary of the Zhejiang Provincial Party Committee, met with Dr. Wang Changnan, President of the Association, and Pang Xiaodong, Commissioner of the White House Presidential Scholars Committee, and more than 10 other financial industry leaders at home and abroad at the Provincial People's Congress Hall. On behalf of the Provincial Party Committee and the Provincial Government, Secretary Xia Baolong briefly introduced the economic and social development of Zhejiang, especially the development of the financial industry, while welcoming Chinese and foreign guests. He said that Zhejiang is vigorously promoting economic transformation and upgrading and industrial structure adjustment. One important aspect is to list the financial industry as one of the seven trillion-level industries to be built. Zhejiang has a good real economic foundation, a sound financial market system, abundant private funds, and a mature investment culture atmosphere. It is an ideal choice for financial development. Welcome to Zhejiang to invest, inspect, and negotiate cooperation, and bring innovative models, advanced technologies, and high-quality projects of international financial development to Zhejiang. At the same time, we must serve these institutions, create a good development environment for them, and achieve mutually beneficial cooperation and win-win development.

On May 16, the first Global Hedge Fund West Lake Summit opened in Hangzhou. Dr. Wang Changnan, Dr. Kong Lingkun and others attended the "2015 Global Hedge Fund West Lake Summit" in Hangzhou. The summit was guided by the China Securities Investment Fund Industry Association and the Hangzhou Municipal Government, and hosted by the Zhejiang Financial Industry Development Promotion Association and the CAFE UK. Zhejiang Provincial Party Committee Secretary-General Zhao Yide, Vice Governor Zhu Congjiu, Hangzhou Mayor Zhang Hongming and others attended the meeting or attended the opening ceremony. In the dialogue session with industry leaders, President Dr. Wang Changnan, Yongan Futures General Manager Shi Jianjun and other industry leaders at home and abroad conducted a wise and active dialogue on the theme of how to promote the development of the private hedge fund industry. Deputy Secretary-General Dr. Kong Lingkun introduced the current situation of hedge funds in the UK at a sub-forum. This summit brought together international hedge fund giants such as Bridgewater Investments and Castle Investments, and top domestic private hedge funds such as Greenwoods and Dunhe, and brought together well-known fund managers from the United States, Europe, Singapore, Australia, mainland China and Taiwan. It is the most professional industry event held in China in recent years.

On May 17, Hangzhou Mayor Zhang Hongming met with industry leaders including President Dr. Wang Changnan, General Manager Shi Jianjun of Yongan Futures, Commissioner of the White House Presidential Scholars Committee and Vice Chairman of Fu Ruibo Trading Investment Company Pang Xiaodong, and Founder of Pu Sheng Capital and former Managing Director of Goldman Sachs Wang Tiefei. Zhang Hongming said that in 2010, the State Council positioned Hangzhou as a regional financial center. Over the years, Hangzhou has insisted on developing in a different way from the Shanghai International Financial Center, and proposed to build a first-class domestic wealth management center, with private equity funds as the core, and over-the-counter markets and wealth management intermediaries as the two wings, to build a golden triangle wealth management industry chain. This summit has so many leaders and elites of fund management at home and abroad, which will provide more inspiration and valuable experience for the financial development of Hangzhou. He sincerely invites all guests and friends to take a walk in Hangzhou, appreciate the beautiful cultural landscape of Hangzhou, and feel the development environment of Hangzhou that is suitable for living and working. He sincerely hopes that the guests will continue to care about and support the development of Hangzhou, and welcome more elites and more fund institutions to move into Hangzhou and start businesses.