The 2022 Qingdao Global Venture Capital Conference kicked off on June 10 in the eastern coastal city of Qingdao, Shandong province.

It is guided by the Asset Management Association of China, and is sponsored by the Qingdao Municipal People's Government.

The 2022 Qingdao Global Venture Capital Conference kicks off on June 10. [Photo provided to chinadaily.com.cn]

The event, themed "venture capital enabling high-quality real-economy development", aims to bring together more innovation resources and promote the commercialization and application of sci-tech achievements in order to support Qingdao's efforts to become a modern socialist international metropolis in the new era.

Over 100 top financial institutions, industrial CVCs, market-oriented mother funds, local government industry guidance funds, and enterprise projects are represented.

The event, which includes over 30 keynote addresses, over 10 roundtable conversations, and two roadshows, provides a forum for professionals, scholars, entrepreneurs, and financial institution representatives to explore the potential and development trends of capital from around the world.

The Qingdao service base of the Beijing Stock Exchange is launched during the conference on June 10. [Photo provided to chinadaily.com.cn]

The year 2022 marks Qingdao's third anniversary of building a global venture capital hub. The conference has served as a venture capital platform to promote the integrated development of science and technology, industry and talent, and shows Qingdao's growth in the venture capital industry over the past three years.

By the end of April, Qingdao had 436 private equity fund managers, ranking 10th in the country. There were 1,895 managed funds, ranking ninth in China, with a management scale hitting 177.75 billion yuan ($26.59 billion), and ranking 14th in China.

The top 10 active venture capital institutions in Qingdao are honored at the conference. [Photo provided to chinadaily.com.cn]