Time: May 10th, 2017
Source: Office of Public Relation
Author: Li Qiaoqiao
Xie Yong graduated from JNU with a master's degree in business administration in 1996. In 2000, as a founding team member, he co-funded China Science & Merchants Investment Management Group (CSC), and now he is a co-president of CSC. In 2009, the Guangdong branch of China Science & Merchants was established, with Xie as its managing director. He was also elected one of the "Guangdong Top 10 Influential Business People" and honored as “Guangzhou Senior Financial Management Personnel” two years in a row.
Unlike most undergraduates, who directly enter the workplace, in 1993 Xie chose to study business administration at JNU. "At that time JNU's management school led by Prof. Huang Dehong was the best in South China," he said. Another reason:"My elder brother was also a postgraduate at JNU. He told me the academic atmosphere was quite good. He liked it very much."
"I majored in engineering, which gives me a strong logical thinking. Meanwhile, I am very interested in communicating with people," he said. "Materials, especially metal materials, whose firmness and endurance are determined by their microstructures, are like enterprises, which also have ownership structure and management structure. My graduate major, materials science, is also a good basis for studying business administration." His integration ability foreshadowed his great achievement in venture capital industry.
In 2009, he founded the first private equity megafund in Guangdong, the management platform of China Science Baiyun Funds: Guangdong Branch of China Science & Merchants (GBCSM), and was its managing director. GBCSM currently manages 40 funds whose scale has already surpassed 13 billion RMB, including two subplatforms: China Science Wotu Fund Management Company and Zero-One Financial.
In September 2016, the State Council issued Several Opinions on Promoting Sustainable Healthy Development of Venture Investment, which brought golden opportunities to the venture capital industry. Xie has a clear understanding of his company's prospects. "The venture capital industry now gains great support from the government," he said. "It will be the main driving force to help the government develop innovation and entrepreneurship, as well as industrial transformation and updating, to serve the real economy."
GBCSM has had a positive cooperation with the government to construct a three-tier venture capital fund system -- province, city and district (town) -- including Zhongshan, Foshan, Meizhou and some developed regions in Guangdong to provide a superb capital platform and operation service to regional economic development.
(Xie attending JNU’s innovation and entrepreneurship venture meeting in October 2016.)
Last year, at the time of JNU's 110th anniversary, Xie, representing GBCSM, signed a contract with JNU to co-found the first "Hong Kong, Macau, Taiwan Overseas Chinese Students Innovation and Entrepreneurship Investment Fund" at home and abroad. Its scale has reached 1 billion RMB and $150 million to support student innovation and entrepreneurship.
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