On September 20, the “Great River Surges, Moon Flows with the Tide” Future Decade Innovation Conference and the member congress of the Hangzhou Venture Capital Association were held at the InterContinental Hangzhou. Ten years ago, the first “All Things Grow” conference set sail here, and the Hangzhou Venture Capital Association also lifted off from this “big golden ball”; ten years later, nearly 400 member partners returned to the ever-surging Qiantang River, looking back on the decade of sci-tech innovation they walked together and pressing the start button for the next decade.
Over the decade, the association’s member units grew from nearly 80 to over 360, with institutional members managing total assets exceeding two trillion yuan, aggregating renowned investment institutions, state-owned venture platforms, high-tech enterprises, financial institutions and various sci-tech innovation service resources. The tenth-anniversary agenda was packed, but what truly brought investment, legal, audit and entrepreneurship — four fields — to the same table for dialogue was a “Science Café” activity. As a tripartite dialogue platform of “scientists + entrepreneurs + local government,” the Science Café breaks identity barriers with the warmth of “coffee” and calibrates different perspectives with the depth of “science.”
Looking back on a decade: the collision of elements is itself a signal
The tenth-anniversary themed dialogue was hosted by Ye Guojun, director of the Hangzhou branch of King & Wood Mallesons. Gu Bin, chairman of Zhejiang Science & Technology Investment and vice chairman and secretary-general of the Zhejiang Venture Capital Association; Shen Haiqiang, executive director of Zhejiang T&C Law Firm; Jin Yang, chief partner of KPMG China’s Hangzhou office; Wang Jiaxin, co-founder of Weina Hexin; and Wen Zhuoming, founder of Divil — five old friends from the investment, legal, audit and entrepreneurship angles looked back on “the decade of sci-tech innovation we walked together.”
A signal this activity conveyed: the four perspectives are relatively independent on the sci-tech innovation chain — investment sees value, law sets boundaries, audit measures risk, entrepreneurship makes products. Over the decade, moving from fighting alone to dialoguing at the same table, what collided was not just each one’s viewpoint, but a more complete judgment.
Reading to cross cycles: mental steadiness in the AI era
When AI can search, distill and generate, what entrepreneurs truly must compete on is the layer of judgment AI cannot replace.
Liu Shiying, founder of the CEO Reading Club, financial-biography writer and chairman of Beijing Guangtian Xiangshi Planning, brought the themed sharing “In the AI Era, Entrepreneurs Should Read All the More.” He emphasized that no matter how AI develops or how information explodes, reading — reading classics, reading biographies — remains the tonic for training the mind and crossing cycles.
Over the decade of sci-tech innovation, tides have turned round after round, from mobile internet to the metaverse, from big data to AI, each tide accompanied by information explosion and tests of judgment. What truly crosses cycles may not be the speed of chasing tides, but the depth of judgment. Reading, especially biographies, supplies exactly this depth. Seeing how others made choices amid tide shifts is more worth the time than chasing the tide itself.
Going-global springboard: from local growth to global linkage
The next step for the sci-tech innovation ecosystem is not just technology landing, but technology going global.
Fang Mingshan, vice chairman and president of the Hong Kong Ta Kung Wen Wei Financial PR Group, introduced how Hong Kong becomes a “brand springboard” for sci-tech enterprises going global. She interpreted Hong Kong’s first five-year plan and its “finance + technology innovation” direction; Hong Kong’s value is not just financing, but connecting R&D, scenarios, capital, talent and professional services into a closed loop toward the international market.
From “financing channel” to “ecosystem closed loop,” Hong Kong’s functional positioning is expanding, behind which lies the shift of mainland sci-tech enterprises from “product going global” to “ecosystem going global.” This echoes the venture capital association’s decade-long continuous attention to enterprise globalization and support for member units expanding overseas markets. The elements collided in the Science Café are extending from local to global.
When the sci-tech innovation ecosystem moves from “fighting alone” to “dialoguing at the same table,” what truly deserves attention is not a single technological breakthrough, but how roles originally relatively independent — investment, law, audit, entrepreneurship — begin to jointly answer the same question at the same table. The variable of the next decade lies not in technology itself, but in whether this mode of element combination can settle into the norm.
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