High-profile 30 Billion Yuan of Zhongguancun Innovation Parent Fund Has Launched


On Oct. 17, the ZGC Development Group released the “Zhongguancun Innovation Parent Fund” (“Parent Fund”) in the “2019 Zhongguancun Forum”. It was initiated and set up by ZGC Capital, an important investment platform under the ZGC Development Group.

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The Parent Fund consists of Zhongguancun Development and Innovation Fund (¥20 billion) and Zhongguancun International Innovation Fund ($2 billion), with a total size over 30 billion yuan. Amplified by social capital, its investment scale will reach 300 billion yuan.

It is reported that the Parent Fund will create a new sci-tech service ecosystem with Zhongguancun characteristics, focusing on the transformation of major sci-tech achievements, the incubation of high-end industries, the cultivation of hidden champions and unicorns, and the construction of sci-tech service platforms and innovation carriers.

At the same time, to implement globalization strategy of Zhongguancun, the Parent Fund will boost enterprises to carry out overseas business, cross-border merger and acquisition and overseas listing. It will make good use of the advantages of market-oriented allocation resources, link global sources and build a global innovation network. 

Next, the ZGC Development Group will develop new capabilities and make new achievements in serving the transformation and industrialization of cutting-edge sci-tech achievements. The Group will explore the operation and service model of “space + investment +service”, set up regional innovative operation platforms with distinctive features, strengthen the vertical integration of resources, and build good innovation ecosystems for vertical segmentations. We will increase the provision of “patient capital”, and shape a multi-level and rich-content ZGC equity fund system together with professional and market-oriented teams.  

The Group will improve ZGC sci-tech service platforms, strengthen IP rights, promote the transformation of sci-tech achievements, integrate and upgrade the incubation of innovative enterprises, as well as intensify researches and consultations on high-end industries. We plan to provide more services, including sci-tech big data, sci-tech forums and exhibitions, talent services, corporate housekeeper and generic technology services.

We will build a ZGC financial service platform and frame a financial service system with a broad range of functions such as guarantee, lease, small loan, financial asset management and commercial bill services. 


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