The 2019 ZGC Forum will be held at the Exhibition Center of ZGC National Independent Innovation Demonstration Zone from October 16th to 18th. At the Press Conference held on the 11th, Zhao Changshan, chairman of Zhongguancun Development Group, disclosed that at this Forum, the group would release major initiative concerning “Patient Capital”.

In 2018, Beijing established the Science and Technology Innovation Fund, and Zhongguancun Development Group is one of the initiators of the FOF. And the group has established a fund system with a total scale of over RMB 100 billion in cooperation with scientific research institutes such as Tsinghua University, Peking University, the Chinese Academy of Sciences, etc., leading enterprises such as Sina, Beidou, etc., and professional investment institutions such as Sequoia Capital, IDG, etc.

Zhongguancun Development Group will also release the ZGC Innovation FOF Plan at the forum of “Patient Capital, the Power of Nurturing- Future Industry Investment”. The fund will focus on the transformation of major scientific and technological achievements, the incubation of high-tech industries, the cultivation of hidden champions and unicorn enterprises, the construction of scientific and technological service platforms, the construction of innovative carriers, etc. to create a new ecology of scientific and technological services with Zhongguancun characteristics.

Zhao Changshan also told reporters on the spot that in the next step, Zhongguancun Development Group would form new capabilities and show new achievements in serving the transformation and industrialization of cutting-edge scientific and technological achievements, explore the establishment of operation and service mode of “Space + Investment + Service”, create distinctive regional innovation and operation platforms, provide high-quality and favorable-price services for the innovative and entrepreneurial players, and guide the innovation and incubation of scientific and technological achievements; focus on the transformation and implementation of scientific and technological achievements, strengthen the vertical integration of resources, and build a good innovation ecology in vertically subdivided fields; increase the supply services of “Patient Capital”, combine with market-oriented professional teams, and build a multilevel ZGC equity fund system with rich contents; create a ZGC science service platform, strengthen intellectual property rights, promote the transformation of scientific and technological achievements, integrate and upgrade the incubation of innovative enterprises, strengthen the research and consultation on high-tech industries, and provide science and technology big data, science and technology forum and exhibition, personnel services, enterprise housekeeping and common technology services; cast a ZGC financial service platform, and construct a fully functional financial service system including guarantee, leasing, small loans, financial asset management, commercial paper services, etc.