Oct. 27, 2010 (China Knowledge) - Beijing Economic-technological Development Area, or BDA, plans to invest more than RMB 100 billion to build eight industrial parks for new-emerging industries in the area over the next three years.

The eight industrial parks include four to produce RMB 100 billion value output each and another four parks with an output average value of RMB 50 billion, this aims to attract leading industrial projects and global headquarters to set up in BDA.

To fund the development plan, it will raise more than RMB 30 billion each year.

Beijing Economic Technology Investment Development Corp and Beijing E-Town International Investment & Development Co, the two key implementation arms of BDA, have been actively exploring new financing channels to attract capital to support the area's development.

As the two key financing and investment platforms of BDA, both companies are able to obtain a combined financing of RMB 20 billion to RMB 30 billion for the area per year.

BDA, which is accelerating in improving its industrial investment and financing platform, has set up a regional investment and financing system that focuses on four segments: equity investment, venture capital, financing guarantee and listing in the stock exchange.

Through these platforms, BDA not only able to provide more support to the eight-generation TFT-LCD production line project of BOE Technology Group Co Ltd<000725><200725>, but also successfully organized several large overseas acquisitions, including the area's cooperation with Nasdaq-listed China Techfaith Wireless to buy the cell phone chip business of Freescale and cooperation with Yellowstone Capital Group to participate in a private placement of UTStarcom, which latter relocated its global headquarters to BDA.