Zhongguancun Science Park signed a Memorandum of Strategic Cooperation with Hong Kong Science and Technology Parks Corporation (HKSTPC) at the 16th Beijing-Hong Kong Economic Cooperation Symposium that opened on Nov 4 in Hong Kong.

Both parties reached the agreement to jointly promote Zhongguancun-based companies to become publicly listed overseas. Using the capital market has become a major development path for high-tech companies in the science park.

There were 15 Zhongguancun-based listed companies that launched road show activities on Nov 5. These companies are mostly engaged in industries such as mobile Internet and cloud computing, biomedicine, smart city and the IOT (Internet of Things), new media and e-commerce.

They discussed issues regarding financing and mergers and acquisitions with famous Hong Kong securities and investment agencies, including Blackrock Investment and Merrill Lynch.

Zhongguancun has established strategic cooperation with the Hong Kong Stock Exchange before the signing of the memorandum.

Zhongguancun-based enterprises have been listed on many capital markets in the Chinese mainland, Hong Kong and the United States. Among them, 24 Zhongguancun enterprises are listed in Hong Kong, such as Lenovo, Founder and Kingsoft.

Zhongguancun has the most listed companies in China. By August 2012, a total of 223 listed enterprises have settled in Zhongguancun, 79 of which were listed overseas. IPO financing for these enterprises amounted to 190 billion yuan ($30.46 billion).

By August, there were 61 Zhongguancun companies in the GEM (growth enterprise market), accounting for one-seventh of the total in the domestic market.

The success in the GEM has also helped Zhongguancun enterprises win the favor of venture capital firms. Since 2009, venture investment in Zhongguancun reached 7.24 billion yuan and increased up to 20.8 billion yuan in 2010, accounting for 28 percent of total VC investment in the nation.

According to the 2011 Competitiveness Report of Zhongguancun-Based Listed Companies, launched by the Association of Zhongguancun-Based Listed Companies, the total market value of all listed companies in the science park reached 1.3 trillion yuan by the end of 2011. Their total monetary assets exceeded 280 billion yuan, guaranteeing capital reserves for investment in emerging industries.

Edited by Chen Zhilin and Michael Thai