Since the beginning of this year, Zhongguancun Fengtai Park has introduced 65 companies with a registered capital of more than 5 million yuan ($773,000) each and total registered capital of 7.82 billion yuan.

Among them, 19 companies, or 29 percent, have registered capital of more than 50 million yuan, an increase of 26.7 percent over the same period last year. There are also 52 high-tech enterprises, accounting for 80 percent of the total. 

Among these technology companies, seven are national high-tech enterprises, accelerating the park’s accumulation of technological innovation industries and getting it off to a good start in investment promotion.

In rail transit Fengtai Park has introduced Powerchina Railway Construction Co, a leading enterprise in the field and a wholly-owned subsidiary of Powerchina, a Fortune 500 company. 

It's also a platform enterprise for rail transit and municipal business development, and the marketing, investment and financing, management and technology center of Powerchina's rail transit business.

At the same time, Fengtai Park has also introduced Beijing Hongyan High-tech Co, a leader in high-speed rail welding technology. 

Filling the domestic gap, the "Hongyan" brand normalizing machine and train have been used by more than a dozen railway and engineering bureaus, which has effectively improved the welding quality of steel rails and ensured the safe operation of high-speed railways. 

The company has won the special prize of the Railway Science and Technology Award of China Railway Society and the first prize of Science and Technology Progress Award of the Beijing Railway Bureau.

In terms of digital economy construction, the park introduced digital economy companies such as Zhongshiqixie (Beijing) Data Service Co and Beijing Ruixintong Intelligent Data Technology Co to provide data services for leading industries. 

As to new technologies and application scenarios, the park also introduced Jinnengzhihui (Beijing) Technology Co which specializes in 5G application technology, Beijing Huituowuxian Co and Beijing Zhichizhongfu Technology Co, active in the field of artificial intelligence, Beijing Long Teknik Technology Co, focused on VR system integration, and Beijing Zhixinkangle Information Technology Co which develops 3D imaging technology. 

It is worth mentioning that the intelligent 5G unmanned mining vehicle solution of Beijing Huituowuxian Co won the first prize in the 2020 Zhongguancun 5G Innovation Application Competition Finals.