Wide area network construction of securities companies
It is worth mentioning that in the Asian financial turmoil, Dalin Xu ventured to spend more than $654.38+0.5 billion, mysteriously throwing out the killer weapon of American venture capital "moving away" and saving the financial difficulties of many enterprises in the Asia-Pacific region to the greatest extent. American Handing Asia Pacific Venture Capital Co., Ltd. has made many American venture capital companies sit up and take notice. From 65438 to 0997, in order to save the economy of South Korea, which was the hardest hit by the Asian financial turmoil, the World Bank chose American Handing Asia Pacific Venture Capital Co., Ltd. as a partner to manage a venture capital fund dedicated to saving the financial crisis in South Korea. Dalin Xu, who shouldered the heavy responsibility, boldly attacked and cut the gordian knot, and helped South Korea's Sangyong Securities Company, which ranked fifth among South Korean securities companies in the past, to restructure now. In the end, it actually brought South Korea's Sanyang Securities Company back to life without spending a penny from the South Korean government, and made South Korea's Sanyang Securities Company nicknamed "White Warrior" regain its glory and become one of the best securities companies in South Korea. Dalin Xu always has mixed feelings when he recalls a series of dangerous actions in his life-and-death struggle with the Asian financial turmoil: "Venture capital is dancing on the tip of a knife, and the real opponent is to challenge his own vision. You know, the cause of science and technology is almost the cause of a scientific and technological talent. A successful scientific and technological undertaking must contain a group of outstanding talents. It can be said that it is very important to bet on products correctly, but if the management talents within the enterprise make mistakes, it can almost be concluded that the enterprise has no hope of success. "
Dalin Xu
Although American Handing Asia-Pacific Venture Capital Co., Ltd. has gained a lot in the field of venture capital in Southeast Asia, what worries Dalin Xu more is Chinese mainland's venture capital career-"I have struggled in the United States for many years, never forgetting my hometown and continuing to give back to my hometown. This is my contribution and greatest happiness as an expatriate. " It is with the heart of repaying the motherland that Dalin Xu has opened up a broad venture capital market in Chinese mainland regardless of gains and losses-1993. At the invitation of American Antai Insurance Company and Bank of China, Dalin Xu co-manages Zhongan Fund with them and holds 50% of the shares. 1994- 1995, Dalin Xu successively invested in Dalian Huabao Real Estate, Shenyang Dongyu Group Company, HNA Group, Beijing Yansha Mall and other growth enterprises, and cooperated with Peking University to establish Kexing Bioengineering Company; From 65438 to 0998, Dalin Xu introduced American Starbucks to Chinese mainland and has opened 58 stores so far. In 2003, Starbucks was successfully opened to the Badaling Great Wall. With the rapid rise of Chinese mainland's high-tech industry, Dalin Xu has transformed venture capital into a technology-oriented industry, not only spending 50 million dollars to support SMIC, which focuses on chip manufacturing, but also helping Hongren Group, which focuses on petrochemical industry, to develop supernormally. What's more, it invested in a high-tech enterprise in Dongguan, Guangdong Province to manufacture batteries for the world's most advanced MP3 players-iPod Nano and ipodshuffle.
Up to now, the total venture capital of American Handing Asia-Pacific Venture Capital Co., Ltd. in Chinese mainland is as high as 250 million US dollars, and the investment targets involve high-tech, real estate, chemical products, consumer goods and other fields, with as many as 16 and 7 investment projects. Dalin Xu has a soft spot for Chinese mainland's venture capital because serving the motherland is indeed an important motive, but it also depends on his clear understanding of the great significance of developing venture capital in Chinese mainland-"China is said to be the factory of the world, because there are cheap labor and diligent workers here. However, China people's greatest advantages-inventiveness and creativity have not been brought into play. To become a world power, we must develop independent innovation. A good tool for independent innovation is venture capital. " How can we make the venture capital industry in Chinese mainland stronger and bigger? In Dalin Xu's view, there is no shortcut except to implement the strategy of "making a surprise attack across Chishui River". Crossing Chishui-Building a "High-tech Incubator": Only through the benign interaction between technology research institutes, high-tech parks and venture capital industries can we form a scientific and technological innovation system, conduct applied research and development, and cultivate innovative talents. Only in this way can Chinese mainland be prevented from becoming the R&D center of foreign-funded enterprises to the greatest extent. Toure Chishui-Setting up "Fund in Fund": China government should make full use of the godsend opportunity of international venture capital institutions to deeply intervene in Chinese mainland market, and invest in some internationally renowned venture capital institutions interested in China by setting up "Fund in Fund", and venture capitalists of these institutions will manage those funds related to China.