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The China Association of Private Equity (CAPE) and the World Tourism City Federation (WTCF) have planned to jointly launch an investment subcommittee which bears great significance to the development of China’s economy and tourism industry in particular.The Bi-monthly World Tourism Cities interviewed Li Weiqun, Secretary-General of CAPE, on the issues of tourism investment, urban development and shared economy.
WTCF: What strengths of WTCF attracted CAPE so that it joined WTCF? Against the backdrop of the tourism industry becoming a center of global attention, what role do you expect WTCF to play?
Li Weiqun: WTCF is a large international platform that brings together major tourist citiesand excellent tourist-related institutions around the world, showing the pursuit for happiness and harmony of this rising international organization. This is in accord with the philosophy that CAPE has always insisted, that is, internationalization and industry-focused investment. We sincerely hope that more and more equity investment institutions will be aware of the huge potential and great investment opportunities of the tourism industry, use capital impetus and injection of experiences and resources to improve the vitality, market competitiveness, profitability, social service capacity of the tourism industry, support and facilitate the industry to manufacture more and better products and provide more and better services.
As the tourism industry has become a center of global attention, WTCF should further expand the scope of memberships, boost communication and cooperation, and allow major tourist cities and companies in tourism related industries to play their role as both a bridge and platform.
WTCF: Could you brief us on the basics of CAPE, its majorfunction and the projects to be started soon?
Li Weiqun: CAPE is a voluntary union and non-profit organization jointly established by private equity industry players. It provides service to all types of funds and