On Nov 6, the 2016 Chinese private equity fund summit, organized by the Chinese Fund of Funds Alliance and the Chinese Investor Association, was held in Beijing’s International Conference Center. More than 30 organizers from the Federation of Industry and Commerce, the Ministry of Science and Technology, the China Securities Regulatory Commission and the Chinese Fund of Funds Alliance were in attendance. Wang Xiaobo, the general manager of E-Town Capital, and Tang Xuefeng, the general manager of the E-Town Fund, were invited to the summit.

Summit guests discussed the future of private equity funds in China and the developing trends of the Chinese economy that promote the development of the fund industry. The ranking of 2016 Chinese private equity funds of funds was released; E-Town Capital took first prize as a Chinese government fund, ranked seventh in the top 10 most influential Chinese funds of funds, eighth among the top 10 most active Chinese funds of funds and ranked seventh among the top 20 marketable Chinese funds of funds.

Wang Xiaobo（R）, the general manager of E-Town Capital accepts award.

Wang Xiaobo expressed thanks to organizers of this event. E-Town Capital is a State-owned fund of funds (FoF) platform in the Beijing Economic and Development Area; to be awarded this prize is an achievement of E-Town Capital in the government guided fund and FoF areas. 

Wang said that E-Town Capital has followed new policies and developed new areas such as integrated circuitry, in which it has invested more than 10 billion yuan and launched several sub-funds. E-Town Capital has also built industrial bases overseas, and found cooperators with which it can lay a solid foundation for long-term cooperation win-win results. Although E-Town Capital has made achievements in funding, it still lacks market in other areas, in which it will try to develop by cooperating with partners in a positive and balanced way.

Wang Xiaobo gives a speech at the event.

Representatives accept awards at the summit.

Prize-winners of the 2016 top 10 most influential Chinese fund of funds. 

Prize-winners of 2016 top 20 marketable Chinese fund of funds. 

E-Town Capital Fund of Funds

E-Town Capital established an emerging industry fund in 2013, which has become a "fund of funds" to support strategic emerging industries in the Beijing Economic and Technological Development Zone (E-town). It had a total of 274.8 billion yuan ($42.17 billion) in separate funds by the end of 2015, and investments in 139 projects.