he 2019 Global (Qingdao) Venture Capital Conference, hosted by Qingdao Municipal Government and with the theme of “A New Focus of Openness, A City Led By Technology” was held in the Qingdao International Convention Centre. Thousands of venture capital experts, business elites, undertaking pioneers and entrepreneurs gathered in Qingdao to collide in thought , brainstorm and co-construct a world-class venture capital investment centre. During the conference, a lot of activities have been held including Young Investors Summit Forum, three sub-forums, namely 40 less than forty-year-old investors awarding ceremony, an insight into new tendencies of venture capital and investment development, building up a healthy venture capital ecosphere, round table discussion on “The bridgehead role played by FOF (Fund of Funds)”, “How does capital boost industrial upgrading?” and “These investment trends we can chase in 2019” and Qingdao Science and Technology Innovation Stars Roadshow Contest etc. It is announced in the conference that from this year on, the Global (Qingdao) Venture Capital Conference will be held regularly on the 2nd week of every May and the Annual White Book of Global Venture Capital Industry will be published as complement to summarize global news, grasp industrial trends, broadcast on a continuous basis, record for future reference, set up a role model and build the conference into a source of new ideas for global venture capital innovation and wind vane for the industrial development. Wang Qingxian, member of the Standing Committee of CPC Shangdong Committee and Secretary of Qingdao CPC Committee, made a keynote speech. According to his speech, in order to become a dynamic city, Qingdao must have the capability to lead in science and technology innovation and the most crucial is to connect talents and capital to realize a good mutual effect between capital and talents. Venture capital investment integrates many inherent driving forces including the human nature of being curious, impulse for interest and value accomplishment of people and is a kind of very virtuous investment behaviour to actualize your innovation. Wang Qingxian said the world was in the process of ongoing changes that have never occurred in the past hundreds of years, no matter how turbulent international economy was, capital always embraces profit like rivers and streams always flowed into the sea no matte how far. The world where dramatic changes is taking place will definitely offer opportunities to China, Shandong and Qingdao. As a open coastal city, Qingdao has the responsibility to undertake national strategies and energize regional economy in Shandong and even a broader area. We must insist on market-oriented reform, expand high-level opening up unswervingly and without stop, open up wider to promote innovation and compel reform in reverse. It is a significant measure for opening up to focus on global venture capital, strive to build Qingdao into a world-class venture capital investment centre, introduce worldwide power of capital and inject remark momentum to economy, science and technology. During the conference, many other activities have been held including the unveiling ceremony of Global Venture Capital Mansion, the signing ceremony for the first batch of organizations located in Venture Capital Mansion, financial contribution for landed fund and fund cooperation intention. Qi Bin，deputy general manager of China Investment Corporation, Harvey Pitt, the 26th chairman of the U.S. Securities and Exchange Commission (SEC), Zhu Bixin, general manager of China Chengtong Group, and president of China Structural Reform Fund Co., Ltd., Piero Scaruff, founder of Silicon Valley Artificial Intelligence Research Institute and Yu Minhong, founding partner of Aplus, founder and president of New Oriental made their respective keynote speech.