Innovation fusion, how to seize the development direction of Guangdong-Hong Kong-Macao Greater Bay Area, and decode the new opportunities for unicorn capital. On November 21st, by the "most professional innovation communicator, The "2019 Unicorn Road · Guangdong-Hong Kong-Macao Greater Bay Area Innovation Fusion Forum", jointly planned by Junhui International, which focuses on investment, financing and listing in Hong Kong, and Deloitte China, a well-known international accounting firm, was held in Guangzhou Four Seasons Hotel.
As a vanguard of reform, opening up, innovation and development, the Guangdong-Hong Kong-Macao Greater Bay Area has seen the emergence of numerous unicorns and listed companies. Its sound innovation and entrepreneurship service system is in perfect harmony with the unique natural advantages of the Greater Bay Area, which continuously creates and optimizes the development of outstanding enterprises with high growth potential.
On that day, The forum invited Leung Hanjing, Head of Fintech of InvesthK, Li Wentao, Assistant Vice President of Global Listing Service of HKEx, Shen Wenhao, Deputy Director of High Technology Division of Guangzhou Science and Technology Bureau, Su Xiong Bin, Deputy Director of Guangzhou Productivity Promotion Centre, Fast Company The forum was attended by CEO Lu Chuyang, Founder CEO Tian Shan, Deloitte South China Deputy Managing Partner Liu Peizhen, Deloitte China Tax and Business Consulting Partner Yin Peiyi, Deloitte China Capital Markets Southern Leading Partner Lu Zhihong, and over 200 people from more than 50 outstanding high-growth enterprises and well-known investment service institutions in the Greater Bay Area . We gathered together to discuss the success and growth path of "unicorns", how quality soil and investment institutions can help unicorn enterprises, and how unicorns in the Greater Bay Area can grasp the historic opportunity of building the Guangdong-Hong Kong-Macao Greater Bay Area.
(Guests jointly launch the Unicorn Fusion Forum Series in Aotai Wan District, Guangdong and Hong Kong)
The conference officially started after the grand "2019 Unicorn Road, Guangdong-Hong Kong-Macao Greater Bay Area Innovation Fusion Forum Launch Ceremony". Su Xiongbin, deputy director of Guangzhou Productivity Promotion Center, emphasized in his speech that more and more unicorn enterprises have emerged in Guangzhou, and pointed out that Guangzhou has the ability and determination to integrate and link the financial capital and technical resources of Guangdong-Hong Kong-Macao Greater Bay Area to create a better development environment for innovative enterprises, unicorns, future unicorns and high-end enterprises. Let Guangzhou become the base camp for more listed companies. The head of fintech of Investhk, Mr Leung Hon-king, echoed this view in his speech, saying that enterprises in the Greater Bay Area are uniquely positioned for development.
(Su Xiongbin, Deputy Director of Guangzhou Productivity Promotion Center)
(Mr. Leung Hon-king, Head of Fintech, Investhk)
"Innovation is the primary driving force for development and the strategic support for building a modern economic system," said Fast CompanyCEO Lu Chuyang. "Fast Company will continue to stimulate the innovation vitality of enterprises in the Greater Bay Area and provide new driving force for technological innovation in the area."
(Lu Chu Yang, CEO of Fast Company)
In her speech, Sam Tin, the founder and chief executive officer of Junhui International, shared the perspective of capital empowerment for Greater Bay Area enterprises. She stressed that in the past 10 years, Hong Kong has been the world's largest IPO market for six times. As an international capital stage in the Greater Bay Area financial ecosystem, Hong Kong will provide strong support for many enterprises. Tian Shan also revealed that, according to the statistics of Junhui International, the biotechnology sector, education sector, property management sector, online game sector, environmental protection sector and other sectors will be more popular among investors in the Greater Bay Area. Moreover, after the signing of a memorandum of cooperation between the New Third Board and the Hong Kong Stock Exchange, a new development model has been created and new opportunities have been given to high-growth enterprises.
(Sam Tin, Founder and Chief Executive Officer of Junhui International)
Liu Peizhen, deputy managing partner of Deloitte South China Region, hopes that unicorns will give full play to their advantages and seize opportunities to make themselves invincible. On the other hand, Yin Peiyi, tax and business consulting partner at Deloitte China, shared her experience on how to legally avoid tax issues from a tax perspective.
(Liu Peizhen, deputy Managing Partner, Deloitte South China)
(Yin Peiyi, Tax and Business Advisory Partner, Deloitte China)
In addition to financial and tax issues, legal support also plays an important role in the listing process of enterprises. Zhang Xiaoman, partner of domestic law firm Trade law firm, took biotechnology enterprises as an example to analyze the legal problems faced by enterprises listing and the solutions; As a lawyer at a foreign law firm, Wong Chia-liang, a partner at the law firm, explains in detail how law firms help companies list in Hong Kong.
Innovation driving force capital helps the unicorn to take off
According to the Outline of the Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, the development of the Greater Bay Area has entered a new stage of comprehensive progress. The Outline of the Plan prioritises the development of an international science and technology innovation center, one of the three national science and technology innovation centers, in the development of the Greater Bay Area.
Innovation is always the driving force for a city's rapid development, and unicorn companies are the most innovative and subversive forces in the Guangdong-Hong Kong-Macao Greater Bay Area. From a start-up to a high-growth company, a unicorn, and then to go public, how a good and successful company can break through this dream path, every innovator has worked hard to achieve.
In the "keynote" segment, the guests' insights were applauded. Li Wentao, assistant vice President of Global Listing Service Department of HKEX, shared a set of data, as of July this year, the amount of funds raised by mainland companies to list in Hong Kong has reached 60% of the total amount raised by ipos. The IPO review system, investor structure, and subsequent refinancing channels are the unique advantages of HKEX. New technology, new economy companies listed in Hong Kong will be the future trend.
(Li Wentao, Assistant Vice President, Global Listing Service, HKEX)
From small enterprises to unicorns to listed companies, Mobvista and Zhongan International, as the pioneers, have seized the growth opportunities such as borrowing capital at every critical point in time, made the right choice, and continued to mature.
It only took more than five years for Mobvista to go public on the Hong Kong Stock Exchange from its establishment in 2013. Qian Cheng, executive director and chief strategy officer of Mobvista, believed in his speech that MobVista made its current achievements with the help of the capital market while taking advantage of the sea tide of China's mobile Internet.
(Cheng Qian, Executive Director and Chief Strategy Officer of Mobvista)
Lu Tingkuang, head of corporate strategy development for Zhongan International, China's first Internet insurance company, credits Investhk for helping it grow into a new economy unicorn in the context of the Guangdong-Hong Kong-Macao Greater Bay Area. "Apart from giving us policy support in terms of tax, talent and so on, Investhk is also helping us to expand our international business and we are now trying to explore ways to break through the licence barriers." Lu Tingkuang said.
(Lu Tingkuang, head of Zhongan International Strategy Development)
Smart unicorns explore new avenues of capital
It takes a long process for a high-growth enterprise to recognize, discover, cultivate, support, grow, and eventually become a unicorn or even a listed enterprise.
The healthy development and growth of outstanding enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area requires a quality business environment and investment environment, among which the attention, connection, guidance and services of investment service organizations are particularly important. In the "Smart Dialogue on the Journey of Unicorn Capital" session, as the guest host, Jun Hui Founder and CEO Tian Shan guided the corporate guests to share their financing stories in the process of development. Meanwhile, Wang Jiajun, partner of Hu Baiquan Law Firm and Lv Zhihong, leading partner of Deloitte China Capital Market South Region, will give corresponding advice on the capital path faced by enterprises.
(Lu Zhihong, leading partner of Deloitte China Capital Markets Southern Region)
Qin Wenping, executive president of Hezong Culture, an innovative entertainment integrated entity group with famous brands such as Su Ho, Walori and Pure K, Tong Wei, international business director of Ji Fei Technology, an agricultural UAV technology company serving 6 million farmers in 38 countries, and Vice President of operations of Wenyuan Zhixing WeRide, a travel company with leading L4 autonomous driving technology in China Li Yifan, from the Xiaopeng car chairman He Xiaopeng and B station chairman Chen Ruitian make the investment since quickly into the fast lane of domestic leading enterprise research and development management tools and solutions enterprises Liu Pai, vice president, together with the audience to share their own financing story, They all mentioned the same problem: because they chose the particularity of the "slow track" industry and the difference of development stage, they even did not have standardized capital case reference, so they took a relatively cautious attitude when considering financing issues, hoping to obtain long-term investment capital in the future, and believe in and help their development.
Innovation is always the driving force of a city's rapid development. Unicorns are the most potential and subversive forces in the city corner. In such a fertile soil as the Guangdong-Hong Kong-Macao Greater Bay Area, unicorns will get more and more new opportunities from the unique capital environment created by more favorable policies.
Unicorn capital has set sail for new opportunities. How to leverage the capital market is an important proposition for its leapfrog development. Policy support, capital support, legal protection, the capital market "darlings" can look forward to the future!
