The Zhongguancun Development Group (ZDG) is a State-Owned Enterprise funded by the Beijing Municipal Government. It was incorporated on April 1st 2010 to guide and boost the development of the Zhongguancun National Innovation Demonstration Park (NIDP) with more coordinated government support and market-based mechanisms.
Over the past 6 years, ZDG has developed a business portfolio covering five main areas: industrial investment, sci-tech finance, science park development, cross-regional cooperation, and international business. The group has become Beijing Municipal Government’s main market-based platform to develop the Zhongguancun NIDP. It has successfully explored a path of promoting science & technology innovations with government support and state assets. By the end of 2015, ZDG had 29 holding subsidiaries. The group’s total assets reached RMB 95.06 billion and its net assets reached 21.19 billion. ZDG is also rated ‘AAA’ in long term credit rating.