(1) Fund Business
ZDG conducts fund business with government support fund and self-owned capital. We launched 87 funds amounted up to 83.7 billion yuan by June 30th, 2015, including 85 angel funds and VC funds with a total amounted of 43.7 billion, achieving 17 times of capital increase. The funds have been invested in mobile Internet, TMT, biological & medical area, clean tech and other strategic emerging industries. Moreover, ZDG established a 30 billion Integrated Circuit Industry Investment Fund and the Zhongguancun Collaborative Innovation Investment fund of 10 billion yuan, providing financial support to advanced industries in Beijing and the collaborative development of Beijing, Tianjin and Hebei province.
Zhongguancun Internet Financing Equity Fund invested in Didi in 2015 and 2016, acquiring considerable investment revenue. As the leading company of mobile transportation, Didi gets support from many Chinese and foreign financial and industrial institutions from 2012 to 2016. Tencent and Alibaba play as the strategic investor and the merger of Didi and Uber China was accomplished in August, 2016, which increased the value of Didi to 35 billion dollars. Didi has become the 3rd congest unicorn company in the world.
To promote public entrepreneurship and innovation, ZDG provides start-ups unsecured loans and comprehensive financial services through Beijing Zhongguancun Lingchuang Financial Services Co., Ltd. Now, Lingchuang has created a whole financial services with three main business: angel microcredit, angel investment and Internet finance.
Beijing Zhongguancun Lingchuang Financial Services Co., Ltd. was reconstructed in July, 2015. In 2015, Lingchuang Financial has made 8 micro credit loan (5.1 million yuan) and 44 granting credits (31.65 million yuan).
Beijing Zijinglifang Technology Company which is specialized in 3D printing technology transited from the sale of 3D printers to 3D printing cloud platform services in 2015. As an early start-up of "zero credit", it received a total of RMB 900 thousand unsecured loans from Lingchuang with a permission of multi use according to actual demanding during the whole period. Lingchuang not only helps new start-ups in terms of business development, but also helps them establishing their first credit records, laying foundations for further cooperation with financial institutions. Now, Zijinglifang develops quite well and has got venture capital funds, becoming a famous brand of 3D printing services in China.
To solve financing problems (e.g. lack of credit and effective collateral) of science and technology enterprises, ZDG launches five business area including loan guarantees, secured notes, trust scheme guarantees, collection of corporate bonds guarantee, collection bill guarantees, performance guarantee, litigation security guarantees, entrusted loans and other financing guarantee products, and provides innovative products for start-ups like "General preferential guarantee" as well as financing supports for the enterprise, science and technology enterprises through ZhongGuanCun Guarantee Company. For development of Internet banking and other new types of financial trends, Zhongguancun Guarantee Corporation founded the “Guarantee for All Loans” and launched license agreement, bank approval, automatic security, etc.
Founded in 1999, Zhongguancun Guarantee Company is a famous sci-tech security service agency with a registered capital of 1.703 billion RMB, net assets of 24 million RMB, a guarantee capacity of over 300 million yuan and AA + credit rating. It has offered more than 150 billion yuan of security services for over 25,000 small and micro sci-tech enterprises. Among them, nearly 400 enterprises have been listed domestically or abroad successfully (including the new board).
The 21st Century Space Technology Application Co., Ltd is China's first provider of commercial remote sensing satellite operators/application service. Zhongguancun guarantee has been offering financing services since 2003, including liquidity, project loan and SMEs bond. It can meet financing demands of enterprises at different development stages. In July, 2015, the Beijing No.2 remote sensing satellite composed of three sub-meter resolution remote sensing satellites was launched successfully.
To reduce financial pressure, the S&T SMEs assume in their processes of constructing plant, purchasing apparatus and testing equipment for production and R&D. As a holding subsidiary of the Group, Zhongguancun Science-Tech Leasing Co., Ltd provides these enterprises with various leasing solutions and efficient financing services, including project lease, vendor lease, plant and equipment lease, venture lease, cluster lease, sale-lease back, operation lease and M&A lease, thus promoting the coordinated development of local tech-industry and financial industry.
Zhongguancun Science-Tech Leasing Company Limited which was founded in 2012 which is the first finance leasing company for science-and-technology enterprise. It has signed 307 projects since the foundation. The lease amount reaches 4.8 billion yuan (15.8 million yuan in averge), concentrating in big data, life health, energy saving and environmental protection, and other emerging strategic industries. It signed 169 projects with rentals amounting to 2.36 billion yuan in 2015. SMEs accounted for over 95% of these projects.
Founded in 2003, Beijing Sunheart Simulation Technology Ltd is a high-tech motor vehicle simulation training technology developer and simulator manufacturer who produces high-end driving simulators at a high price. In 2013, it received 100 million yuan of loans from Zhongguancun Leasing, which made great contributions to its successful expansion of the civilian market. Beijing Sunheart Simulation Technology signed the profit sharing contract of 2000 simulators with downstream customers as soon as it received the financial support of 13 million yuan from Zhongguancun Leasing.
To solve the short-term funding gap of SMEs in Zhongguancun, ZDG provides loans to technological enterprises with Zhongguancun and Zhongjin microcredit companies through intellectual property rights pledge loan, equity pledge loan, factoring loans, credit loans and stock options loans, which increase enterprises’ operating income and help them with long-term development. ZDG has issued up to 2751 loans since its foundation, valuing15.34 billion yuan. ZDG issued 577 loans in 2015, reaching 3.23 billion yuan.
Beijing ZhongGuanCun Microcredit co., LTD. was founded in June, 2009. It issued 253 loans in 2015, valuing 2.62 billion yuan. Beijing Zhongjin Microcredit co., LTD. was founded in December, 2010. It issued 324 loans in 2015, valuing 0.61 billion yuan.