A symposium attended by Tianhe government officials and representatives from the district’s enterprises and funds management companies was held on May 21 to examine the use of Tianhe’s investment funds.

The attendees agreed that the two venture capital companies established in March 2017 have played an active part in promoting Tianhe’s innovative development and injected impetus into the growth of enterprises in the district.

However, they still have shortcomings, such as limits in capital size and lack of policy flexibility.

By attracting and utilizing social capital, the venture capital funds have provided financial support to Tianhe’s innovative high-tech enterprises, said Lan Xiaohuan, director of the Standing Committee of the Tianhe District People's Congress. 

Lan also called for better follow-up service for the invested enterprises so that problems can be exposed and solved in time.