Shenzhen stands as China's earliest and most successful Special Economic Zone. In just over four decades since its establishment, this city has witnessed an average annual economic growth rate exceeding 20%, emerging as a pivotal metropolis in both Asia and the global landscape. Last year, its GDP ranked fourth in Asia and tenth worldwide. For three consecutive decades, Shenzhen has topped the list of mainland Chinese cities in terms of trade export volume. Many vessels navigating the Strait of Malacca daily originate from Shenzhen's ports.

As we step into 2023, local governments across China are increasingly emphasizing the synergy between investment and business attraction. The role of funds in resource allocation and value discovery is gaining paramount importance. Many regions are deeply practicing the "equity finance" model, integrating the construction of investment and industrial ecosystems. Shenzhen is advancing its "20+8" initiative, focusing on 20 major industrial clusters and 8 future industries. This initiative has established a comprehensive innovation ecosystem chain encompassing "basic research + technological breakthroughs + industrialization of results + tech finance + talent support". Activities like "Shenzhen Venture Capital Day" are being emulated by other local governments in China.

Being the most vibrant city for entrepreneurship and innovation in China, Shenzhen has always prioritized the development of the venture capital industry. Some of China's earliest domestic venture capital institutions took root here. Currently, Shenzhen's guiding funds are orchestrating the establishment of the "20+8" industry fund groups centered around strategic emerging industries and future industry clusters. This includes 20 industry clusters around next-generation electronic information, new materials, biomedicine, health, and seven other strategic emerging industries, as well as eight future industries such as synthetic biology, blockchain, aerospace technology, and brain science. Following the principle of "at least one fund to support each industry cluster", these funds are managed by the Shenzhen Guiding Fund Company. With joint contributions from city and district guiding funds, they are gradually establishing a nearly trillion-yuan scale industry fund cluster in collaboration with social capital. This massive fund matrix is steadily taking shape, with various districts in Shenzhen collectively pushing for the innovative development of the "20+8" industrial clusters.

Furthermore, in the realm of parent funds and venture capital, Shenzhen is taking its efforts to the next level. The city is rolling out more innovative and impactful policies with remarkable efficiency. In November 2022, "Shenzhen Venture Capital Day" was officially announced as Shenzhen's new hallmark, making it the first city to establish a dedicated day for the venture capital industry. This event, rooted in Shenzhen but radiating across the Guangdong-Hong Kong-Macao Greater Bay Area, aims to channel venture capital into Shenzhen's "20+8" industrial clusters, propelling its high-quality economic development. This innovative move is set to serve as a model for the entire nation.

Another commendable aspect of Shenzhen is its ecological environment. Known as a garden city, Shenzhen boasts over 1,260 parks, the most in any Chinese city. On September 6th, the Standing Committee of the Ramsar Convention approved the establishment of the world's first international mangrove center in Shenzhen. Shenzhen's mangroves are strategically located on the migratory route of international birds traveling from Northeast Asia to Southeast Asia.