Huo Xing Cai Jing reports that on October 17, Lily Liu, Chair of the Solana Foundation, posted on X: “We held the first Capital Markets Summit in Shanghai, China, on Thursday, bringing together hundreds of asset allocators and builders from across China and around the world to discuss innovative capital formation.” Lily Liu also noted that the total market capitalization of listed companies in China is only one-sixth that of comparable profitable companies in New York, with over 50,000 small and medium-sized enterprises awaiting IPO opportunities. Previously, Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. was registered in August (registered capital: RMB 10 million), with Shanghai Solana Enterprise Management Co., Ltd. holding a 45% stake in Yaokun Qiusuo Digital Technology Co., Ltd. Even Jiang, Co-Head of Solana Foundation’s China Region, serves as Chairman of Yaokun Qiusuo, and Du Yanjing serves as a director. Public information shows that Yaokun Qiusuo’s primary business activities include technical services, technology development, technical consulting, technical exchange, technology transfer, technology promotion; computer system services; information system integration services; information technology consulting; data processing services; internet data services; IoT technical services; wholesale of computer software, hardware, and auxiliary equipment; information consulting services (excluding licensed information consulting services); enterprise management consulting; financial consulting; and conference and exhibition services (overseas exhibitions require approval from relevant authorities). It should be noted that “Solana” is a name independently chosen by a sole proprietorship natural person; there is currently no equity evidence demonstrating that these two companies are affiliated with the Solana Foundation.
Solana Foundation Hosts First Capital Markets Summit in Shanghai
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Summary
Solana Foundation President Lily Liu announced on X that the foundation held its first Capital Markets Summit in Shanghai on October 16, marking a key event in on-chain news. The summit brought together hundreds of asset allocators and builders to explore digital asset innovation and capital formation. Liu noted that China’s listed company market cap is only one-sixth that of comparable firms on Wall Street, with over 50,000 SMEs awaiting IPOs. Shanghai Yaokun Qiusuo, registered in August with 10 million yuan in capital, is 45% owned by Solana Enterprise. Even Jiang, Solana Foundation’s Head of China, chairs Yaokun Qiusuo, while Du Yanjing serves as a director. The firm focuses on tech services and data processing. Public records show no equity link to the Solana Foundation.
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