Luohu fosters private equity’s development
Luohu held a symposium on private equity development in the district on May 18.
The activity is expected to help establish a platform for private equity institutions to better understand the relevant policies of Shenzhen and Luohu, promote the development of the private equity fund industry in the city, and build Luohu as the core function area of international wealth management center that Shenzhen plans to build.
Luohu provides subsidies of various kinds to private equity firms that contribute to the district’s socioeconomic development.
The financial industry has been a key economic pillar of Luohu. The district now has nearly 100 licensed financial institutions, ranking second among all of the city's districts, and the financial sector accounts for about 40% of the district's gross domestic product.