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2003-4-10 8:44:00
Zhongguancun Science Park is striving to further expand fund-raising channels for enterprises in the high-tech park. "Besides commercial banks and guarantee-providing institutes, Zhongguancun Technology Property Rights Exchange and Zhongguancun Enterprises Credit Union should play a bigger role," said Ren Ranqi, vice-director of the Administrative Committee of Zhongguancun Science Park.
Established in March, Zhongguancun Technology Property Rights Exchange has specialized in helping high-tech companies, especially small and medium groups, and newly developed technologies obtain funding and support. "Operated in line with market principles, the exchange creates a smooth channel for the entry and withdrawal of venture capital," said Ren.
Insiders regard Zhongguancun Technology Property Right Exchange as a third-board market, which provides a convenient and smooth fund-raising platform for small and medium enterprises and offers a transparent and efficient investing channel for venture capitalists.
Sources from the Administrative Committee revealed that the exchange is to offer capital aids for the first 500 enterprises entering the market as part of a new promotion.
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