Zhongguancun Index 2017

chinadaily.com.cn | Updated: Sep 18, 2017 L M S

In 2016, China continued to pursue innovation-driven development, the development of Beijing-Tianjin-Hebei and the Belt and Road Initiative.

In response to the country's strategies, Zhongguancun Science Park focused on promoting Beijing's construction into a sci-tech innovation center and National Independent Innovative Demonstration Zone.

Official statistics show that Zhongguancun has made a big step in promoting its economic and innovation abilities.

In the year of 2016, the start of the country's 13th Five Year Plan (2016-20), Zhongguancun's aggregative index reached 446.9, a year-on-year increase of 67.2 percent. The sub-indexes show that Zhongguancun's innovation ability, industrial development, enterprise development, internationalization and financial environment have all seen big progress.

Talent is an important impetus to promote Zhongguancun's development.

Last year, 10 immigration policies launched by the Ministry of Public Security were piloted in Zhongguancun to help the park attract more overseas talents. In addition, the park made innovation in creating a new evaluation system for foreign talents.

Statistics in 2016 show that 53.2 percent of staff members working in Zhongguancun have a bachelor's degree, while 11.6 percent of them have master's degree or above.

Average age of business starters in Zhongguancun is 39.1 and 22.4 percent of the science park's entrepreneur are less than 30 year's old. Some 28 Zhongguancun entrepreneurs entered the list of "Forbes 30 under 30 Asia" which presents 300 of Asia's brightest young entrepreneurs, innovators and game changers.

Apart from attracting talents, Zhongguancun has also made progress in financial reform. By the end of 2016, Zhongguancun has made macroprudential pilot business operations of external debt for 69 enterprises with a contract amount of $4.13 billion.

With abilities in technology and business innovation, Zhongguancun-based enterprises have gained support from the capital market. Approximately 40 artificial intelligence (AI) enterprises, such as Horizon Robotics, gained venture investment in 2016.

1 2 >