Chen Chaoying attends the conference and delivers a speech. 
Xiao Shengfeng makes a speech at the conference. 
The conference is held in Dalian
Yesterday, the conference on the Liaoning Coastal Economic Zone Development Fund & the Financial Cooperation of Six cities was held in Dalian, which marks the initiation and establishment of the Liaoning Coastal Economic Zone Development Fund and the substantive period of financial cooperation of 6 coastal cities. Vice Governor Chen Chaoying, Xiao Shengfeng, member of the Standing Committee of the CPC Dalian Committee and executive vice mayor of Dalian, Vice Mayor of Dandong Chu Junfeng, Vice Mayor of Jinzhou Liu Yang, Vice Mayor of Yingkou Tang Xinen, Executive Vice Mayor of Panjin Gao Ke and Vice Mayor of Huludao Shi Wenguang took part in the conference.
The conference was briefed on information concerning the Liaoning Coastal Economic Zone Development Fund and the financial cooperation of the 6 cities. China Science and Merchants Capital Management Limited (CSM) explained the preparation for the Fund; the 6 cities signed a cooperation agreement together with CSM on the Fund and a memorandum on the financial cooperation.
Chen said that early in 2010, the Provincial Government proposed to accelerate the equity investment industry. In the context of credit scale control, it is of great practical significance to develop the equity investment industry in the new round of development of the entire province during the period of the 12th Five-Year Plan . Dalian has taken a good lead in the development of the equity investment industry by establishing a 3 billion yuan Government-led Fund and initiating the first filing system fund in the Northeast with 5 cities of the Liaoning Coast Economic Zone and CSM: CSM-the Liaoning Coast Economic Zone Development Fund. Chen stressed that the national strategy for opening and developing the Liaoning Coastal Economic Zone hasidentified Dalian with core status and a leading role; the Provincial Government has approved Dalian as a pilot city for financial reform and innovation, and greatly supported Dalian to establish a regional financial center. He expects that the 6 coastal cities will enhance cooperation, and Dalian will play a leading role with its advantages of financial resources to promote the revitalization of Liaoning coastal economic development.
Xiao Shengfeng said that Dalian is now sparing no efforts to step up the regional financial center. The establishment and operation of the Fund will give a push to the capital and projects of 6 coastal cities, becoming an important engine to promote the development of these cities. As a leading city for the Fund and for financial cooperation, Dalian will make good use of its resource advantages, give full play to its role as leader, cooperate closely with the 5 other cities, and provide greater financial support to the development of the Liaoning Coastal Economic Zone, making new contributions to the fast development of the entire province during the 12th Five-Year Plan .
The Liaoning Coastal Economic Zone Development Fund is a corporate equity investment fund, led by the Dalian Municipal Government in accordance with the deployment of the Provincial Government, co-initiated and established by 5 other cities Dandong, Jinzhou, Yingkou, Panjin and Huludao and CSM, with a total size of 20 billion yuan, the first 5 billion yuan of which will be put on file with the National Development and Reform Commission.This is a major project in the implementation of the Plan for 1+10+N Equity Investment Development in Dalian, which will be the first project of the newly set up Dalian Equity Investment Leading Fund.
From: Dalian Finance
