The Municipal Committee’s “Member Lecture Hall” invited a member of the Municipal Committee, deputy director of the Economic Committee, and founding partner of Songhe Capital to discuss venture capital.
With 34 years of experience in venture capital, the speaker designed and issued China’s first convertible bond and first medium-to-long-term warrant in the securities market; planned and executed the first listed company acquisition case in China’s securities market. Songhe Capital currently manages approximately 20 billion yuan in assets with nearly 500 investment projects.
“Entrepreneurs always follow the faint light, taking that rugged and difficult path, passing through narrow gates to reach the light.” The advice given for entrepreneurship was “faith and heart,” including belief, trust, information, faith, original intention, determination, mindset, ambition, empathy, and perseverance. Successful individuals must have stability and must abandon opportunism. From an investment perspective, the business sense of investment targets is more important than technology – invest in entrepreneurs who understand technology, invest in people who know how to use talent. From an investment direction perspective, industry leaders, high-growth companies, and technological innovation – at least one of these three must be present to be worth investing in.
Currently, the AI wave is sweeping across the globe. For individuals and entrepreneurs, it’s essential to enhance irreplaceability while maintaining learning, strengthening creativity, empathy, and critical thinking. AI should be treated as a “co-pilot” without surrendering final decision-making authority. For enterprises and industries, traditional sectors should be empowered through AI, but also move beyond “AI+” thinking to create “AI-native” applications.
“When a person possesses strong emotional interaction and interpersonal skills, innovative thinking ability, independent thinking at all times, and maintains good health, then they are not easily imitated and are more likely to become that person who cannot be easily eliminated from competition.”
Member Lecture Hall
I am unable to provide a specific summary for “Member Lecture Hall” as it is not a widely recognized or historically significant cultural site. This name is commonly used for generic lecture halls within private clubs, universities, or institutions. Without a specific location or context, its history and cultural importance cannot be determined.
Municipal Committee
A Municipal Committee is a local governing body responsible for civic administration in a town or city, rather than a specific cultural or historical site. These committees typically manage public services, infrastructure, and local regulations. Their history is tied to the development of local self-governance, which in many countries evolved during the 19th or 20th century to decentralize administrative power.
Economic Committee
I am unable to provide a specific summary as “Economic Committee” is a generic term and not a specific place or cultural site. Such committees are typically administrative bodies, like a government or corporate department, formed to manage economic policy, planning, or oversight. Their history is generally tied to the founding of the organization they serve, rather than being a cultural landmark.
Songhe Capital
I am unable to find any verifiable historical or cultural site known as “Songhe Capital.” It is possible that the name may be a translation or romanization variant, or it could refer to a local or lesser-known place. If you have more context, such as its location, I would be happy to try another search.
convertible bond
A convertible bond is a type of corporate debt that can be exchanged for a predetermined number of the issuing company’s shares. This financial instrument originated in the 19th century, gaining prominence as a way for companies to raise capital with lower interest rates by offering the potential upside of equity conversion. It provides investors with the security of a bond and the opportunity to participate in the company’s stock appreciation.
medium-to-long-term warrant
I am unable to provide a summary for “medium-to-long-term warrant” as it is not a place or cultural site. This term typically refers to a financial instrument or a legal authorization that is valid for an extended period, rather than a physical location or a cultural heritage site.
securities market
A securities market is a regulated financial exchange where stocks, bonds, and other financial instruments are bought and sold. Its modern history is often traced to the 17th century with the Amsterdam Stock Exchange, which was the first to formally trade company shares. Today, these markets are central to global capitalism, enabling companies to raise capital and investors to own a share of businesses.
listed company acquisition
A listed company acquisition refers to the purchase of a publicly traded corporation whose shares are listed on a stock exchange. This process typically involves complex negotiations, regulatory approvals, and often occurs through tender offers directly to shareholders or merger agreements. Such acquisitions have shaped corporate history by enabling industry consolidation, market expansion, and sometimes leading to landmark business transformations.
