w88 casino News Network (provided by the w88 casino of Finance)At 18:30 on the evening of April 17, the Zhang Shudong alumni special lecture of the 18th Financial Culture Festival was held in the International Lecture Hall on the third floor of the Chengxin Building. This event invited Mr. Zhang Shudong, managing partner of Shanghai International Venture Capital, member of the Investment Management Committee, and 00-level alumnus of the Department of Finance, w88 casino of Finance, w88 casino. Teacher Wang Chunlei, deputy secretary of the Party Committee of the w88 casino of Finance, w88 casino, and Professor Pan Huifeng of the Department of Financial Engineering attended this lecture.
At the beginning of the lecture, Mr. Zhang Shudong was here"The good times are yet to come, and the prosperity is to come," he signed on the scroll to express his joy of returning to his alma mater and his best wishes for the smooth holding of the Financial Culture Festival.
Mr. Zhang Shudong’s sentence"Our mission is to obtain the largest legal income in human history", and he started his wonderful speech humorously. Combining his rich work experience, he delivered lectures from four aspects: "What is venture capital?", "Why venture capital?", "How does venture capital operate?" and "The development trend of venture capital".
What is venture capital? Mr. Zhang Shudong introduced the relevant definitions from the official and industry respectively, and pointed out that China's venture capital currently has"Relatively narrow exit channels, double-edged sword brought by financial repression, relatively "vulnerable groups", LP participation in decision-making, short-term tendency, high actual penetration rate, inevitable reshuffle, rise of RMB funds, and great influence by policies" nine characteristics.
Why venture capital? Mr. Zhang Shudong talked about the significance of venture capital from three aspects: history, theory and capital flow. Historically, venture capital was born to support innovation and entrepreneurial activities; theoretically, venture capital is an important driver of innovation; from a capital flow perspective, venture capital is an important driver of finance moving away from virtual reality. Venture capital is of great significance to innovation and entrepreneurship and the development of the real economy.
How does venture capital work? Mr. Zhang Shudong discussed the institutions involved in the operation of venture capital funds, the four links of typical venture capital fund operations, the source direction of venture capital funds, the entire process of project investment, and project judgment standards——TVB rules, common investor rights protection clauses, and how to set up gambling protection clauses allow students to fully understand how venture capital operates. In this "dry information" section, Mr. Zhang Shudong used various methods such as examples and analogies to make the lecture vivid and interesting. The students deepened their knowledge and understanding of venture capital in a relaxed and pleasant atmosphere.
Mr. Zhang Shudong led the students to compare the equity investment markets of China and the United States and explore the development trends of venture capital in China. He pointed out,Since the early 1980s, domestic venture capital investment has gone through five stages: budding, rapid growth, industry adjustment, rapid expansion, and deep adjustment. We are currently in the stage of deep adjustment. By discussing the six core issues currently affecting the development of the industry, Mr. Zhang Shudong pointed out that the four major trends of "spiral development, comprehensive standardization, scale concentration, and deep industrialization" will dominate the development of the industry in the future.
During Mr. Zhang Shudong’s wonderful explanation, the students gained a deeper understanding of the practice of venture capital and its development trends. I hope that students will learn more about venture capital through this lecture, be down-to-earth, study hard, and be brave in challenges in their study and life, improve their professional quality, and make their own contributions to the in-depth adjustment of my country's venture capital industry and the transformation of financial undertakings from virtual reality to reality in the future.
