Crowd funding gets attention at 2015 CIFIT
The China International Crowd-funding Industry Forum & Exhibition (CICIFE) will be staged as part of the 2015 China International Fair for Investment & Trade in Xiamen, Fujian province on Sept 8.
Hosted by the Beijing-based Wode Crowd, this year's CICIFE will welcome government officials, authoritative industry figures and crowd-funding organizations to take part in discussions relating to national policies, the current state of the sector and a number of case-studies.
The exhibition will feature road shows, matchmaking sessions, a crowd-funding festival and cross-Straits makers' competition, where the ten best crowd-funding projects will be awarded by the host.
Crowd-funding has become a popular option of financing for small and medium-sized businesses in recent years. Crowd-funding platforms entered the mainstream in China around 2011. However, it wasn't until last year that, the Chinese crowd-funding industry experiences somewhat of a boom in the country.
Taobao and JD, two e-commerce giants in China, have both established crowd-funding platforms, while Ping An, a major insurer and banker, has also entered the market.
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.