Tianjin to host private enterprise international finance fair

The 2019 China Enterprises International Finance Fair and China Private Enterprise Investment and Finance Conference will be held in Tianjin in the latter half of November, according to a news conference on Sept 19.

Over 1,000 representatives, experts and academics from leading enterprises have confirmed their attendance. They will exchange insights on investment and the development of private companies in Tianjin.

Focusing on the theme of the forum:“Financing, Brainstorming, Sharing and Win-Winning – Promoting the High-quality Development of Private Enterprises", experts will share in keynote speeches edge-cutting views on high-quality and new development modes for private enterprises.

Meanwhile, a summit to promote regional efforts will also be held between Tianjin, Beijing and Hebei province.

Organizers said Tianjin's private economy continues to grow strongly. By end of June, private enterprises numbered 498,700 there, an increase of 11.03 percent year-on-year.

Officials said the private economy in Tianjin has maintained a good momentum in its development.

In the first half of the year, the private economy of the city realized an added value of 470.91 billion yuan($66.35 billion), for a year-on-year increase of 5.6 percent.

They said further reforms will be implemented to boost the development momentum and further facilitate new growth of state-owned enterprises.

These will be such areas as financing services, the medical sector, equipment manufacturing, transportation, energy, real estate and more, according to the local government.