If "building economy" is the business card of Hongqiao Town, then the collective economy is the background color of this business card. Over the years, Hongqiao Town has continuously deepened reforms, guided the development of the collective economy "one floor, one product", helped the collective economy to make great strides in the level of independent operation and export-oriented operation, and at the same time integrated local development into the national strategy and strived to achieve the goal of high-quality development. In order to show the economic style of buildings in Hongqiao Town, "Minhang Today" and Hongqiao Town jointly launched a series of reports on "Park". This issue will take you into Hongqiao Fund Town.
On July 30, 2018, Hongqiao Fund Town was officially inaugurated. Under the guidance of municipal, district and town governments at all levels, the core area of innovative financial agglomeration of "fund + base" built by Shanghai Shuangchuang Jinhong Enterprise Management Co., Ltd. carries the important mission of promoting financial innovation and serving the development of the real economy. Under the guidance of the Party building, Fund Town continues to innovate and improve its service mechanism, and is committed to building an ecological highland for the venture capital industry, contributing to the construction of Shanghai as an international financial center and a science and technology innovation center. Today, it has become a popular choice for top domestic and foreign funds and related institutions. The superior office environment, abundant facilities, and intimate one-stop service together constitute the unique charm of the fund town.
Build a full-cycle service ecosystem
According to reports, through the efficient integration of "one-stop" service resources, Hongqiao Fund Town has successfully created a closed-loop of three major scenarios of "business docking, enterprise development, and talent service", built a perfect internal circulation system for the park ecology, and realized all-round and full-cycle service coverage for different subjects.
In terms of hardware, the town is equipped with multi-functional conference rooms, standard swimming pools, football fields, tennis courts, basketball courts, fitness tracks, special catering and other facilities, which can fully meet the needs of enterprises in the park for meetings, conferences, leisure and entertainment.
With the increasing number of households settled in the town and the increasing amount of funds, Hongqiao Town continues to innovate and improve the party building work mechanism in the financial field, and jointly takes out a 214-square-meter site through government support, grid support and town investment, which is used to build the Hongqiao Fund Town Xinyi Hongqiao Party and Mass Service Position.
In July 2021, the Hongqiao Fund Town Xinyi Hongqiao Party and Mass Service Station was officially launched. The service station integrates party building, workers, young women and other group construction, business services, talent services, and cultural experience, and provides party building and party affairs guidance for enterprises and party members in the park, as well as the delivery of characteristic party courses, policies, finance, law, and cultural courses, and the self-service area of "one network for all", so as to effectively build a "bridgehead" for party building in the financial field of Hongqiao Town.
In 2023, foreign-funded companies in Hongqiao Town, together with the Venture Capital Association and Fund Town, will hold lectures and roadshows with different themes every month, covering mergers and acquisitions and exits of investment projects, equity and venture capital income tax issues, venture capital fund raising strategies, etc. Among them, the foreign-funded company took the lead in hosting the "Finance Helps Venture Capital, Work Together to Create the Future" Renewable Energy and Artificial Intelligence Investment and Financing Seminar and the "Inheritance to Lead the Future, Focus on Empowering the Economy" Enterprise Salon Event, the former invited a number of experts from Haitong Securities and Bank of Shanghai to discuss the current industry trends and investment opportunities in the new energy and artificial intelligence environment; The latter builds a platform for enterprises in the jurisdiction, constantly expanding the "family members" and creating opportunities for cooperation.
This year, taking the opportunity of the 4th "Gathering Talents" Global Innovation and Entrepreneurship Competition, the "Talent Entrepreneurship Roadshow Hall" was unveiled at the Hongqiao Party and Mass Service Station in the fund town of Xinyi. Seven units, including China Construction Bank Shanghai Branch and Guotai Junan Shanghai Branch, signed a contract to jointly build a talent entrepreneurship roadshow hall to provide financial support for creating a high-quality incubation space, improving the whole life cycle service, and promoting the implementation and flowering of the project. China Construction Bank M&A Capital Shanghai Tower has also officially settled in Hongqiao Fund Town, marking a significant progress in deepening cooperation between the two parties in financial services and venture capital.
Create a new benchmark for venture capital characteristics
Hongqiao Fund Town has always been committed to building an ecological highland for the venture capital industry, attracting top domestic and foreign funds and related institutions to settle in, including DT Capital, Sinoexpo Capital, McGao Securities, Gaolin Capital, Rongxi Capital, New Venture Capital, etc., covering well-known investment institutions at all stages from angel to secondary market. Since the beginning of this year, a number of functional institutions such as China Construction Bank's M&A Capital Shanghai Center, Shanghai Equity Custody and Trading Center, and Minhang Service Center have officially entered Hongqiao Fund Town.
Based in Hongqiao Fund Town and based in Shanghai, CCB's M&A Capital Center will play a pivotal role in centralized information processing, resource sharing, talent training and service support for the bank's M&A business, and will also lead the market expansion, business innovation and organizational management of the Shanghai Branch's M&A business.
Relying on the town, the Minhang Service Center will further expand its service network, improve the exit methods and paths of equity investment, and provide more convenient and efficient equity transfer and exit services for enterprises and investors in the town and Minhang.
Up to now, the occupancy rate of the town has exceeded 80%, the scale of assets under management of the settled institutions has exceeded 260 billion yuan, the growth and development of more than 1,000 small and medium-sized enterprises have been supported, and more than 200 listed companies on the main board and the science and technology innovation board have been cultivated and served. In addition to investment institutions, the upstream and downstream of the fund industry and the invested enterprises continue to gather, and the industrial ecological cluster is gradually formed. In 2022, Hongqiao Fund Town will enter the 100 million yuan tax park.
In addition, Hongqiao Fund Town also actively builds a one-stop exchange platform for settled enterprises to gather capital flow, information flow and talent flow, holds more than 200 activities of various kinds throughout the year, receives more than 60 batches of visits and inspections from all over the world, creates an investment and financing atmosphere that supports innovation and entrepreneurship, and builds it into the "most popular" fund town.
The park has been awarded the "Shanghai Characteristic Town" by the Shanghai Municipal Development and Reform Commission for three consecutive years, won the "2021-2022 China's Best Fund Town in the Rongzhong List", and has been listed in the "Top 10 Most Distinctive Fund Towns in China" for three consecutive years, and the "2023 Top 10 Best Fund Towns" and "The 9th China Securities Private Equity Fund Yinghua Demonstration Case - Excellent Fund Town" selected by the FOF Research Center.
As the frontier and comprehensive service platform of venture capital, with the release of a series of policies such as the Hongqiao International Open Hub and the integrated development of the Yangtze River Delta, the future of the fund town is undoubtedly bright. The relevant person in charge said that the fund town will always uphold the corporate culture of "integrity, innovation, and forge ahead", and build a venture capital characteristic park with both "bonsai quality" and "nursery function" to better serve the regional economy and scientific and technological innovation.
Draw a new blueprint for finance
McGao Securities is one of the many companies that have settled in and thrived in the fund town. At the end of 2023, the business department of Hongmei Road, Minhang District, Shanghai officially settled in the fund town, and a two-way rush of finance and innovation began.
McGao Securities, a comprehensive brokerage with a long history, can trace its predecessor back to Shenyang Treasury Bond Circulation Service Company. After several transformations, it was wholly acquired by Compass in 2022 and later renamed as McGao Securities. Headquartered in Shenyang City, Liaoning Province, the company has a business network all over the country, with 5 branches and 34 sales departments. The entry into the fund town is a key step in the strategic deployment of McGao Securities, which aims to further expand its business scope and enhance its brand influence by relying on the town's rich resources and preferential policies.
Originally located in the fund town, the securities business department of Hongmei Road, Minhang District, Shanghai was interested in the resources of industrial funds and private equity institutions gathered here. Fund Town also hopes to further enrich its financial ecology and enhance its overall competitiveness by introducing high-quality financial institutions such as McGao Securities.
After officially moving in, the sales department felt an unprecedented "sense of happiness". The office environment of Fund Town is first-class and well-equipped, whether it is leisure business or receiving customers, you can easily navigate it. A variety of restaurants and cafes are dazzling, satisfying the taste buds and providing a convenient business communication space for enterprises. Sports facilities such as basketball courts, badminton courts, and tennis courts allow employees to enjoy the fun of sports and maintain physical and mental health in addition to intense work.
The one-stop "shop second" service in the fund town has benefited Maigao Securities a lot. From decoration to document processing to staff accommodation, the town has provided a full range of support and assistance. Dong Ziyuan, general manager of the sales department, said: "From relocation to operation, it only took more than a month. The fund town opened a green window for us and quickly completed all the things to settle in. We are very satisfied with the efficiency and professionalism of their service. Here, we can focus on our own business without distractions. ”
With the help of the fund town, the performance of the sales department has risen steadily. Dong Ziyuan said that Compass, the parent company of McGao Securities, has reached a strategic cooperative relationship with the fund town, as an important part of the town's ecology and the carrier of the industrial financial service platform, giving full play to the advantages of the full financial license and becoming an important interface of the town's financial product supermarket. McGao Securities will also actively introduce more high-quality resources to further enrich the financial ecology of the town.
Compass, the parent company of McGao Securities, has successfully bid for a 34.21% stake in Vanguard Fund on December 25, 2023, which will provide strong support for the development of McGao Securities in the direction of financial products and further strengthen the financial strength of the fund town.
Contribution: Min Hong Editor: Xu Yuyang First Review: Yue Shunshun Review: Yao Yiying Final Review: Liu Kenbo
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