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Beijing E-Town held its first financing forum for biomedical firms

Jul. 30, 2012 (China Knowledge) - Beijing E-Town, a triple-A rated industrial park in China, held its first forum on financial services and venture capital for its Biomedical Park's enterprises seeking funding.

The forum aims to help the enterprises in the Beijing E-Town's Biomedical Industry Park to access financing through such platform. Several financial and investment institutions attended the conference including Bank of Beijing Co Ltd <601169> and Shanghai Pudong Development Bank<600000>. A business council, chaired by Zhang Xingmin, the first president of the council committee, and the general manager of Beijing Foreland Biopharma, aims to promote wider diversity of financing for these enterprises.

Through the council's effort, it has successfully built effective communication channel of the Biomedical Industry Park's enterprises with Beijing E-Town's management committee, the Beijing municipal government and the national-level government agency.

Beijing E-Town officially launched the Biomedical Industry Park on Oct 18, 2011, that aims to become a new driver for the development of the industry in southern Beijing, and set to become a major incubation center for biomedical innovation drug companies. As one of the pillar industries in the park, Beijng E-Town's biomedical industry contributed about half of Beijing's total industrial output in 2011 at RMB 27 billion.

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