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Milestone: Vast Capital Injects 1B CNY in 'OSWELL' at China-Australia Symposium Signing Ceremony

On 13 November 2023, the China (Zhejiang) - Australia (Victoria) Trade and Investment Symposium successfully convened in Melbourne. Jointly organized by the China Council for the Promotion of International Trade Zhejiang Provincial Committee and the Australia China Business Council, Victoria Branch, the event featured an opening ceremony, project signing ceremony, and business matchmaking sessions.


The symposium garnered robust support from the Victoria government and the Consulate-General of the People's Republic of China in Melbourne. Businesses from Zhejiang and Victoria actively participated, with over 30 Zhejiang companies representing diverse industries engaging in face-to-face negotiations with Australian counterparts. Sectors included machinery, electronics, new materials, new energy, smart logistics, smart homes, and tourism, fostering collaboration in project investment, industry cooperation, market development, and technology exchange.


China (Zhejiang) - Australia (Victoria) Trade and Investment Symposium Opening Ceremony


More than 130 guests from the political and business sectors of China and Australia, as well as representatives of entrepreneurs, attended this negotiation meeting. Among the distinguished attendees were Mr. Wenguang Xu, Executive Vice Governor of the People's Government of Zhejiang Province, Mr. Kui Hu, Deputy Director-General of the Zhejiang Provincial Development and Reform Commission, The Hon. Steve Dimopoulos, Minister for Environment, Minister for Tourism, Sport and Major Events, Minister for Outdoor Recreation of Victoria, Australia, Mr. Jianhua Zeng, Acting Consul-General of the Consulate-General of the People's Republic of China in Melbourne, Mr. Jianzhong Chen, Chairman of the China Council for the Promotion of International Trade Zhejiang Provincial Committee and Mr. Rhys Roberts, The President of the Australia China Business Council Victoria Branch. All of them graced the occasion with their presence and delivered insightful speeches.


Speech by Mr. Wenguang Xu, Executive Vice Governor of the People's Government of Zhejiang Province


In his speech, Mr. Wenguang Xu pointed out that the significant decisions and strategic deployments made by Chinese President Jinping Xi during his tenure as the leader of Zhejiang Province, known as the "88 Strategy". These measures have steered Zhejiang through a remarkable metamorphosis. The province has transitioned from a region with constrained resources to an economic juggernaut, shifted its focus from foreign trade to championing openness, transformed from a area requiring environmental enhancements to a picturesque province, and progressed from general prosperity to achieving an elevated status of comprehensive well-being.


He expressed that Zhejiang Province has long attached great importance to friendly exchanges with Australia in various fields and has already engaged in extensive two-way trade and investment. He looks forward to both sides implementing the spirit of the recent meeting between the leaders of China and Australia and using this symposium as an opportunity to further expand and deepen economic and trade cooperation, reaching new horizons, greater depths, and higher levels.


Speech by Mr. Kui Hu, Deputy Director-General of Zhejiang Provincial Development and Reform Commission


Speech by The Hon. Steve Dimopoulos, Minister for Environment, Minister for Tourism, Sport and Major Events,

Minister for Outdoor Recreation of Victoria, Australia


Speech by Mr. Jianhua Zeng, Acting Consul-General of the Consulate-General

of the People's Republic of China in Melbourne


Speech by Mr. Jianzhong Chen, Chairman of the China Council for the Promotion

of International Trade Zhejiang Provincial Committee


Speech by Mr. Rhys Roberts, The President of the Australia China Business Council Victoria Branch


The Hon. Steve Dimopoulos, Minister for Environment, Minister for Tourism, Sport and Major Events, Minister for Outdoor Recreation of Victoria, Australia, warmly welcomed the visit of the Zhejiang Province economic and trade delegation led by Executive Vice Governor Wenguang Xu. He reflected on the historical exchanges between Victoria and China, emphasizing Victoria's strong commitment to fostering a deep and enduring friendship with China. He expressed his hopes for enhanced cooperation between Victoria and Zhejiang in areas such as trade, investment, education, tourism, and more.



Not long ago, Australian Prime Minister Anthony Norman Albanese had productive discussions with Chinese President, Jinping Xi and Premier of State Council of the People's Republic of China, Qiang Li. The two countries reached significant consensus, emphasizing the stability of their relationship in line with their common interests. They strengthened trade cooperation, enhanced social, cultural, and business ties, which will bring substantial benefits to both nations. Australian Prime Minister Anthony Norman Albanese conducted a state visit to China from 4th to 7th November 2023, an important diplomatic activity that stirred joy and inspiration within the business community in Zhejiang, Australia.


Seizing the pulse of the times and unlocking novel economic and trade opportunities, influential entrepreneurs across diverse sectors in Zhejiang engaged in lively and in-depth discussions and exchanges with their Australian counterparts during this Trade and Investment Symposium. Institutions such as Zhejiang OSWELL Electric Technology Co., Ltd, Risen Energy Co., Ltd, the Second Affiliated Hospital Zhejiang University School of Medicine, Damon Australia, YJT Environmental Protection Technology Co., Ltd and Zhejiang China Travel Service Group Co., Ltd, among others, inked a total of 6 collaboration agreements with Australian partners, totaling nearly 2.5 billion yuan in contract value.



Vast Capital Embarks on Diversified Financial Expansion Journey


Mr. Jeff Lee, Vast Capital Founder & Managing Director


Vast Capital ("VC") has infused 1 billion RMB into the unicorn enterprise Zhejiang Oswell Electric Technology Co., Ltd ("OSWELL"). The signing ceremony, graced by Mr. Jeff Lee, Founder and Managing Director of VC, successfully concluded. This substantial capital injection not only strengthens OSWELL's capitalization and securitization initiatives in 2024 but also propels VC's diversified expansion within the financial sector.


Vast Capital Signed Capital Increase Agreement with OSWELL


The signing ceremony unfolded amidst the distinguished presence of dignitaries and business delegates hailing from both China and Australia. Notably, esteemed political figures from Zhejiang, China graced the negotiation meeting with their presence, serving as esteemed representatives of the Zhejiang provincial government. Their attendance underscored their keen interest, profound concern, and dedicated witness to the remarkable growth of Zhejiang enterprises.


Mr. Wenguang Xu, Executive Vice Governor of the People's Government of Zhejiang Province (center), Mr. Jeff Lee, Vast Capital Founder & Managing Director (right), and a representative from OSWELL (left)


Mr. Kui Hu, Deputy Director-General of Zhejiang Provincial Development and Reform Commission (Center), Mr. Jeff Lee, Vast Capital Founder & Managing Director (right), and a representative from OSWELL (left)


Chinese and Australian Dignitaries and Entrepreneurs Group Photo



The China (Zhejiang) - Australia (Victoria) Trade and Investment Symposium concluded successfully with the presence of distinguished guests from the political and business sectors of both China and Australia, as well as entrepreneurs. Participating domestic and foreign companies unanimously agreed that this symposium has achieved remarkable accomplishments in terms of its scope, coverage, and efficient practicality.


Vast Capital's infusion of 1 billion RMB into Zhejiang Unicorn Enterprise OSWELL stands as a pivotal milestone in VC's dynamic growth, heralding the beginning of its diversified expansion into the financial sector!


Vast Capital has consistently showcased robust progress in diversifying within the financial realm, consistently bolstering its capabilities to ensure a steady advance in the mortgage finance sector. The company persistently offers reliable and flexible loan products, unwaveringly committed to providing secure and dependable mortgage loan services to its clientele. We eagerly anticipate collaborating with both new and existing clients, collectively forging a promising future!


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