From May 28 to June 1, Zhongguancun Financial Holding Group of Science and Technology ("Zhongguancun Financial Group"), a wholly-owned subsidiary of Zhongguancun Group, appeared at the 2019 China (Beijing) International Fair for Trade in Services to display their efforts to become an integrated technology financial service system covering the entire life cycle of a company as well as a world-class technology innovation financial service platform.

Zhongguancun Financial Group appears at the 2019 China (Beijing) International Fair for Trade in Services. [Photo provided to chinadaily.com.cn]

Chen Yulu, deputy governor of the People's Bank of China, and Yin Yong, member of the Standing Committee of the Beijing Municipal Committee and vice mayor of the Beijing Municipal People's Government, attended the 2019 China (Beijing) International Fair for Trade in Services and visited the exhibition area of Zhongguancun Financial Group on the afternoon of May 28.

On the afternoon of May 29, at the Financial Street Forum, 100 meters away from the Financial Service Exhibition of the China (Beijing) International Fair for Trade in Services, with Xuan Hong, general manager of Zhongguancun Group, and Xu Ming, president of China Development Bank Beijing Branch acting as witnesses, Beijing Zhongguancun Sci-tech Financing Guarantee Company, a subsidiary of Zhongguancun Financial Group, China Development Bank Beijing Branch and Sunniwell jointly signed a "Tripartite Cooperation Memorandum" on supporting the development of private technology-based enterprises in Zhongguancun.

The memorandum expressed their intention to provide 10 billion yuan in funding for technology-based enterprises in the next five years through innovative cooperation models and products, so as to alleviate the financing difficulties of private and small and micro enterprises and further construct the Beijing National Scientific and Technological Innovation Center.

Leaders visit the exhibition area of Zhongguancun Financial Group. [Photo provided to chinadaily.com.cn]

Zhongguancun Group is a market-oriented platform for integrating innovative resources set up by the Beijing Municipal Committee and Beijing Municipal Government to promote the development of Zhongguancun Science Park. Its mission is to assist the construction of a Beijing national center of science and technology innovation. Relying on industrial investment, fin-tech, science and technology services and other means, it has become an indispensable part of Zhongguancun's innovation and entrepreneurship ecology that gathers innovative resources from all over the world.

With its deepening reform, which focuses on the overall layout of strengthening the construction of the national center for science and technology innovation in Beijing, and in accordance with the transformation requirements of "light assets and strong services" in Beijing, Zhongguancun Group has focused on the problems of financing difficulties and high financing costs faced by scientific and technological enterprises. It makes technology and finance service platforms bigger and stronger, and is committed to building Zhongguancun Finance Group into an international first-class science and technology innovation financial service platform.

Zhongguancun Finance Group focuses on realizing professional functions such as business coordination, resource integration, and credit transactions, making every effort to build a comprehensive financial service platform for scientific and technological innovation. It gives full play to Zhongguancun's important role as a carrier of scientific and technological innovation, and thoroughly lays out high-tech industrial chains and industrial fields to establish the Zhongguancun Finance Innovation Center and form a value chain for coordinated development of technology and finance.

Zhongguancun Finance Group is focusing on building a big data service platform, exploring fin-tech and using artificial intelligence, data mining and other technical means to gather information on science and technology enterprises, including finance service agencies, to provide a one-stop online fin-tech service platform.