Mainland China Listed 40% Of The NYSE Listed Companies From Zhongguancun.

If the first village of China's reform is Xiaogangcun, Henan, Beijing's Zhongguancun is the first village of China's science and technology innovation.

Zhongguancun's electronic street, which originated in 1980s, has grown into a national independent innovation demonstration area after more than 20 years of baptism. Currently, Zhongguancun has become an important engine for China to spanform its economic development mode and build an innovative country.

During the "12th Five-Year" period, Beijing will strive to build Zhongguancun into a global technological innovation center and high-tech industrial base with a global influence. "Zhongguancun should be the Silicon Valley of the world", and Zhongguancun's Management Committee official told reporters in April 25th.

"New rich" blessed land

In more than 20 years, Zhongguancun has been developing rapidly, achieving "Baidu" in 6 years, accomplishments of sina in 10 years, and creating Lenovo in 20 years. In the latest "global billionaires list" released by Forbes magazine in 2011, Baidu founder Robin Li became the richest man in mainland China.

In addition, Lenovo's Liu Chuanzhi and Sohu's Zhang Zhaoyang are all from Zhongguancun, and the myth of creating wealth in Zhongguancun is everywhere. Up to now, Zhongguancun has brought together more than 20 thousand high-tech enterprises. In terms of listing and financing, the myth of Zhongguancun's creating wealth is more frequent. The data from the Zhongguancun administrative committee show that in 2009, there were 24 new listed companies and 39 new ones in 2010. At present, the total number of Listed Companies in Zhongguancun has reached 184, of which 111 are domestic and 73 are overseas, and the total amount of IPO financing exceeds 160 billion yuan.

It is worth mentioning that Zhongguancun has 16 new enterprises, such as New Oriental, Youku, Dangdang, Y. net, learning, thinking, learning, education, education, Qihoo 360 and so on, which are listed on the NYSE, accounting for 40% of the total number of Listed Companies in the NYSE.

Why can Zhongguancun develop from the original electronic street to such a scale of "new rich"? The effective integration of technology, finance and talents is the key, and the Zhongguancun Management Committee is a powerful tool to integrate the three three. "Of course, it can not be separated from Zhongguancun's independent innovation demonstration zone as a national strategy." Zhongguancun Administrative Committee official said.

In March 2009, the State Council made a major strategic decision to build Zhongguancun's National Independent Innovation Demonstration Zone, calling for Zhongguancun to become a technological innovation center with global influence. With the support of the national strategy, Zhongguancun has the right to trial ahead in many areas.

Recently, Zhongguancun's 1+6 series policy was approved by the State Council and carried out. "1" means building capital innovation resources platform. At present, the capital innovation resource platform has 19 ministries and commissions responsible persons and 29 Departments in Beijing. It adopts a one-stop service approach, concentrates on the equity incentive pilot projects, the industrialization of major scientific and technological achievements, and other related matters for high-tech enterprises and other innovation subjects.

"6" is the 6 new policy for deepening the implementation of the pilot reform in Zhongguancun. These six policies are: pilot projects for the disposal of scientific and technological achievements and the reform of the right of income, the pilot of individual income tax policies on equity incentives, the approval rules for the central unit equity incentive pilot scheme, the pilot reform of the management system of scientific research project funds, the pilot projects for identifying high-tech enterprises, and the construction of the national OTC market.

Government hands under the market mechanism

"The reason why Zhongguancun can develop today is to seize the needs of enterprises, formulate rules and guidance policies in accordance with market mechanisms, and build a platform to mobilize resources allocated by the market and resources in the hands of the government to form an interactive network." Ren Ranqi, deputy director of Zhongguancun administrative committee, told reporters.

With regard to the development of Zhongguancun, enterprises in the park have a deeper understanding. "The reason why Zhongguancun has nurtured so many scientific and technological enterprises is inseparable from the marketization operation mechanism of Zhongguancun Management Committee." Zhang Xu, deputy general manager and director of Beijing Kai Ying credit industry, told the newspaper reporter that she was able to fully communicate with enterprises in formulating policies and tailor policies according to the needs of enterprises in Zhongguancun.

"For example, small and medium-sized enterprises like us have difficulties in obtaining loans. The most important assets of small and medium-sized enterprises are talents and intellectual property rights, while tangible assets are relatively scarce. Therefore, loans are difficult and financing difficulties are common because there are so few assets that can be mortgaged, so it is not easy for banks to lend money." Zhang Xu said.

The main business of Zhang Xu's Kai Ying trust company in Beijing is to help the party directly under the central government, the party and government organs in Beijing and other regions, large enterprises, education and health to realize the informatization construction. Zhang Xu said that her company almost started from entrepreneurship to now listed on the new third board and enjoyed the support of the Zhongguancun Management Committee at all stages. What impressed her most is that the company's financing difficulties have been solved in Zhongguancun.

"The financial support policy promulgated by the Zhongguancun administrative committee is to use the market mechanism. After the government selects some science and technology enterprises, it will invest funds to enterprises in the early stage, and then various social capital will follow up. The government will play a role in prying up funds." He Cun, director of Zhongguancun science and technology finance department, said.

It is understood that there are many financial institutions with local official backgrounds in Zhongguancun. For example, Zhongguancun development group is a well-known one. In addition, Zhongguancun science and technology Guarantee Corporation and Zhongguancun microfinance company are also financial companies that are often patronized by many small and medium technology enterprises in the park. The existence of these companies has greatly solved the problem of loans for SMEs.

Zhongguancun has also introduced a series of support policies for the first half of the year in science and technology finance innovation. Zhongguancun has pioneered the reform of enterprise property rights system, investment and financing system, enterprise credit, intellectual property rights and equity incentive. Established the first credit self-discipline organization of China, the Zhongguancun Enterprise Credit Promotion Association, and Zhongguancun's credit system work was praised by the national development and Reform Commission as the "standard room" of the National SME credit service system construction.

According to He Cun, capital market plays a core and tie role in the financial system of science and technology. The listing of an enterprise has led to continuous follow up of various financial instruments such as venture capital, banking, guarantee, credit and so on. The NYSE has become an important trading platform for Zhongguancun enterprises to list in the US.

Talent selection is unconventional.

In addition, Zhongguancun has adopted an ultra conventional approach in attracting talents. "In the introduction of talent selection, Zhongguancun has broken the traditional concept, underestimated academic qualifications and professional titles, and focused on performance, ability, potential and contribution." Bai Yujie, deputy director of the mobile Distribution Office of the Beijing Municipal Bureau of human resources and social security, told reporters that in a well-known international enterprise, he served as senior vice president of a multinational company or served as deputy general manager of a multinational company for more than 2 years. The age has also been relaxed from 45 to 55.

Bai Yujie said that 1 million yuan reward should be given to those who have been selected to provide visas, children's admission, social insurance and other convenience and treatment. In one year, Zhongguancun attracted 845 high-level talents, 628 spouses and 563 children.

For the experience of Zhongguancun, many political and economic observers and media personages commented: Zhongguancun's experience tells us that when we dare not think or think, we must encourage ourselves, find our own advantages and set up a new path. When we think of it, we should go out and learn from it. When it's time to think about it, we need to expose ourselves to shortcomings, identify the pain points in development, emancipate our minds in sober thinking, expand our openness in the change of ideas, and achieve new historical leaps in grasping opportunities. Shi Ke