The Guidance Fund of Zhongguancun Modern Service Entrepreneurship Investment was recently established and is set to make an investment incentive of 750 million yuan ($123.98 million) in modern service industries in Zhongguancun Science Park, including e-commerce and logistics, science and technology services, energy-saving services, digital culture, software services and creative design.

The Guidance Fund of Zhongguancun Modern Service Entrepreneurship Investment has been was founded recently. It is going to assign 150 million yuan as the governmental guidance fund to lever at least four times of the fund as social investment to support the outstanding modern service enterprises in Zhongguancun.

The guidance fund will depend on venture capital institutions to conduct a marketable operation and - in addition to the current supportive policies like fiscal subsidies and subsidized loans - the fund will also implement a pilot exchange program, which is expected to transform the current direct investment program into a market mechanism assessment program, investment program and management program by offering guidance to venture capital institutions.

From January to September 2013, the regional modern service revenue reached 1,226.42 billion yuan, a year on year increase of 26.4 percent.

The regional modern service revenue in Zhongguancun is expected to reach 2.4 trillion yuan by 2015, and high-tech service industries are expected to constitute 65 percent of the total GDP growth in Zhongguancun. A cluster of modern service enterprises and business group with international influence would be then formally formed.

Edited by Chen Zhilin and Niva Whyman