According to the Administrative Committee of Zhongguancun Science Park, there have been 379 investment agreements, worth 2.34 billion yuan ($349.3 million) in Zhongguancun, accounting for 45.1 percent of the total investments in China, the highest percentage for one location in the first half year of 2016.
Zhongguancun established the angel investment guidance fund in 2011 and has cooperated with several institutes, setting up 17 sub funds. The total funds have reached 1.5 billion yuan.
So far, there have been more than 1000 angel investors in Zhongguancun, accounting for 80 percent of those in China. The investments have encouraged the growth of over 40 unicorn companies with more than $1 billion market assessment such as Didi Taxi and Meituan, ranking just behind Silicon Valley.
The angel investment has contributed to the higher quality of innovative and entrepreneurial enterprises. From January to May,Zhongguancun established 6,005 scientific and technological enterprises, 90 percent of which provide research and technical services.
Furthermore, Zhongguancun intends to build a mergers and acquisitions financial center to gather international financial institutes to better serve the scientific enterprises.
Zhongguancun is now increasing research expenditures to improve its future competitiveness. The average funding level devoted to research and development among the world's high technological enterprises was 10 percent in 2015, but that of the 67 listed companies in Zhongguancun exceeded that percentage.
From January to July total technical expenditure reached 72.75 billion yuan, a year-on-year growth of 18 percent.
