Dec. 17, 2012 (China Knowledge) - With the development of Beijing E-Town
's four pillar industries, three emerging industries and three supporting industries, it is expected to generate and lure over RMB 500 billion in investments in the next three years, cited by Zhang Boxu, general director of the BDA Administrative Commission, at the 8th Beijing International Finance Conference.Beijing E-Town
is focusing on developing a dynamic yet massive financing facility that could include medium to large-scale banks, new types of financial institutions and micro-credit companies to broaden the avenues of financing to meet its demand. Beijing E-Town
will establish an investment system to include angel investors and private-equity funds, and to attract more financing guarantee agencies to help small and mid-sized technology enterprises. It is also looking to strengthen the cooperation with China Export & Credit Insurance Corporation to further launch export credit insurance.
Through such financial innovations, Beijing E-Town
will form a '6+1+N' industry financial service system, Zhang added. The government will play a pivotal role as a bridge to facilitate the cooperation between financial service industry and its real economy. Other initiatives such as providing bond financing, industry investments, financing guarantees, science and technology insurance funds, credit services and IPO-listing services will benefit over 5,000 enterprises in Beijing E-Town