On August 29th, at the "2019 Global Venture Capital Summit" held in Xi'an High-tech Zone, the "2019 Xi'an Future Stars TOP100" and the "Xi'an Dragon Gate List TOP20" were unveiled. The selection process for these lists lasted over two months, with 1,859 companies from Xi'an participating and more than 50 well-known institutional investors jointly reviewing to determine the final list of companies.

       The "Xi'an Dragon Gate List" is a newly added list by Xi'an in addition to the "Xi'an Future Stars," aiming to select outstanding local enterprises with prospects for going public and intentions of moving towards Pre-IPO. It is designed to further improve the tiered cultivation of Xi'an enterprises, provide targeted and differentiated services, and help the listed companies deeply connect with global top investment institutions.

（Image caption: The Xi'an Dragon Gate List TOP20）

In terms of industry distribution, the "Xi'an Dragon Gate List TOP20" covers multiple fields of "hard technology", including 2 in aerospace, 1 in biotechnology, 3 in optoelectronic chips, 5 in information technology, 4 in new materials, 1 in new energy, 3 in intelligent manufacturing, and 1 in medical health.

Regarding equity structure, except for Juzi Bio, Sari New Materials, and Zhongtian Rocket, all other listed companies are supported by investment institutions, with an investment institution penetration rate of 85%. In terms of listing prospects, 5 of the listed companies are currently undergoing listing counseling. According to Ma Xiaoxuan, General Manager of Juzi Bio, the company has already launched the IPO process and is expected to enter the capital market next year.

Among the "Xi'an Dragon Gate List TOP20" this year, 5 companies were selected in the "2018 Xi'an Future Stars TOP100", namely Meilin Data, Lightway Optoelectronics, Borui Jixin, Xi'an Kaili, and Xinyao Ceramics. Moreover, after the release of the "2018 Xi'an Future Stars" list, the listed companies have attracted high attention from investment institutions. Since last year's Global Venture Capital Summit, the disclosed investment amount in Xi'an has been approximately RMB 2.054 billion (according to the statistics of the Private Equity Database as of May 2019), which has laid a solid foundation for Xi'an to build a "venture capital capital". After the summit, companies such as Xiaobaitu Dental, Xinpai Technology, Leishen Intelligent Equipment, Safyrus, Clover Security, and ZhiXiang Optoelectronics, which were listed on the "2018 Xi'an Future Stars", have all obtained financing.

In order to make the "Xi'an Future Stars" list a barometer for high-growth companies in Xi'an, Xi'an continues to launch the "2019 Xi'an Future Stars" list selection this year.

The hard technology characteristics of the participating companies this time are very obvious, especially in the high-end manufacturing fields such as chips, semiconductors, and mechatronics, as well as companies related to sensors, back-end processing systems, and software databases related to mechanical electronics and information technology. Finally, companies such as Longteng Semiconductor Co., Ltd., Xi'an CAS Micro Precision Photonics Manufacturing Technology Co., Ltd., and Huatian HuiChuang Technology (Xi'an) Co., Ltd. were listed on the "2019 Xi'an Future Stars TOP100".

       Deputy Director of the Financial Work Bureau of Xi'an, Wang Li, also stated that on the occasion of the 2019 Global Venture Capital Summit, Xi'an released the "2019 Xi'an Future Stars" and the "Xi'an Dragon Gate List" to showcase the development achievements and innovation speed of Xi'an's venture capital to more than 500 global well-known institutional investors, allowing the global venture capital community to fully experience the "Xi" appeal of Xi'an's innovative enterprises. At the summit, we also introduced the listing support policies for Xi'an companies on the "Sci-Tech Innovation Board," opened a green channel, formed a counseling team, and provided one-on-one services for the reserved companies to help more companies go public on the "Sci-Tech Innovation Board" and other multi-level capital markets, thereby making Xi'an a more attractive and competitive global investment and entrepreneurship hotspot!