From November 7th to November 8th, with the support of CENTI Group, Shenzhen Municipal Financial Regulatory Bureau, Shenzhen Angel FOF, Shenzhen Investment Holdings Co., LTD and Guoren Property and Casualty Insurance company attended a business visit to London.
The delegation includeed Yao Fei, deputy general manager of Shenzhen Investment Holdings Co., LTD, Fang Yongbin, chairman of Guoren Property and Casualty Insurance company, Zheng Peng, Business Director and Head of Technology Insurance Division of Guoren Property and Casualty Insurance company, Liu xiangning, deputy general manager of Shenzhen Angel FOF, Sun haixia, head of department of Shenzhen Angel FOF, and Xiao Zhijia, inspector of Shenzhen Municipal Financial Regulatory Bureau. The purpose of the visit is to communicate on the cross-border investment and cooperation between the two sides.
On November 7th,2019, delegations from Shenzhen Angel FOF, Shenzhen Investment Holdings Co., LTD, Shenzhen Municipal Financial Regulatory Bureau and Guoren Property and Casualty Insurance company visited IP Group. IP Group, a leading intellectual property commercialization company which was founded in 2001. IP Group provided a comprehensive suite of business support services to its portfolio companies. IP Group’s major services are divided into two major categories which are technology and life sciences. Their team in Hong Kong also helps more British companies to land in China. The mission of IP Group is to evolve great ideas, mainly from their partner universities, into world-changing businesses.
Mike Townend, Chief Investment Officer of IP Group, talked about the history and development of IP Group. He indicated his expectation to cooperate with Shenzhen in the future.
Delegation from Shenzhen Angel FOF explained that overseas projects are both challenges and opportunities to them, and they appreciate the IP Group’s exclusive priority review rights of several universities. Delegations also stated that Shenzhen Angel FOF has built up industrial platforms, institutions, and fund groups, and they welcome IP Group to bring mature projects to Shenzhen.
Through this visit, delegations had a better understanding of the industry dynamics and development in the field of intellectual property. By communicating about the commercialization of intellectual property in universities and exchanging expertise in the field, delegations hoped to explore potential cooperation opportunities and establish long term communication bridges and prepare for in-depth cooperation.
Then, delegations from Shenzhen Angel FOF and Shenzhen Investment Holdings Co., LTD visited UKBAA. The UK Business Angels Association (UKBAA) is the national trade association for angel and early-stage investment, representing over 160 member organisations and around 18,000 investors. Business angels in the UK collectively invest an estimated £1.5 billion per year and are therefore the UK’s largest source of investment for start-ups and early-stage businesses seeking to grow.
During the visit, Jenny Tooth OBE, the CEO of UKBAA, expressed her view of working with Shenzhen corporates. She believes that there will have better policies for angel investment in the future. As the representative of UKBAA, she also hopes to establish a Hub in China to connect with Chinese angel investors.
Delegations learned about the current status and development of angel investments in the UK and Europe and understand the difference between the angel investment system and the operating mechanism between China and the UK. Delegations hoped to promote exchanges and cooperation through this visit.
On November 8th, 2019, delegations from Shenzhen Angel FOF and Shenzhen Investment Holdings Co., LTD visited White Star Capital. White Star Capital founded in 2007. It is an early venture capital firm. It was founded by a team of entrepreneurs, investors, and corporate management operations experts with extensive investment management experience in developing new markets and expanding talent teams. They communicated and exchanged opinions about the current status and future of venture capital.
In the afternoon, delegations from Shenzhen Angel FOF and Shenzhen Investment Holdings Co., LTD visited London &Partners. London & Partners is the Mayor of London's official promotional agency for London. London &Partners promote London across the world; attract overseas organisations, events, students and visitors to the capital; and help to retain and grow London companies.
Then, delegations from Shenzhen Angel FOF, Shenzhen Investment Holdings Co., LTD, Shenzhen Municipal Financial Regulatory Bureau and Guoren Property and Casualty Insurance company visited CENTI Group in Plexal city.
To conclude, delegation expressed that they gained a lot and had deeper industry insights for British investment, technology and insurance industries through this trip. Through this visit, they learned how did regulation, investment and insurance industry empower the industry, and how did each institution cooperate with each other. As a cross border consulting platform, CENTI Group is willing to explore the European market opportunities for each company in Shenzhen, and to find and match the development potential of Shenzhen market for European technology projects.
CENTI Group is a cross-border platform helping European technology startups, SMEs and tech communities to explore opportunities in China market. We also help the Chinese corporates with their tech innovation and overseas expansion. They work closely with investors, governments and tech enthusiasts across China and Europe to leverage the resources and maximize potentials, aim to build a solid, diversified and trustworthy platform between China and Europe.