The Zhongguancun Index 2016 was officially announced at the 2nd Mass Entrepreneurship and Innovation Eeek launching ceremony held on Oct 12 in Zhongguancun, a major high-tech zone in Beijing.

“Zhongguancun Index” refers to an index illustrating the latest trend and features of Zhongguancun innovation development, in terms of entrepreneurial spirit, capability, industrial development, enterprise growth and internationalization.

Zhao Hong, vice president of the Faculty of Social Science, as well as a developer of the Index, said that, the “Zhongguancun Index 2016” is 375.9 points, 90.1 higher than the 2015 level. “The number of overseas acquisitions this year was 37, 16 more than the total of 2015. The index shows Zhongguancun companies earned 56.15 billion yuan in 2016, an increase of 54 percent”, Zhao Hong added.

Zhongguancun played a key role in the global innovation internet field by enhancing international exchanges and innovation cooperation. Most enterprises in Zhongguancun have shifted from product global-oriented phase into capital knowledge global-oriented phase. Global well-known enterprises with established branches including Microsoft, Intel, ARM, Plug&Play and TechCrunch were set up in China yearly.

In addition, Zhongguancun adopted specific measuresto support enterprises globally and get involved into the very center of world innovation. For instance, Zhongguancun Development Group has set up the Zhongguancun Silicon Valley innovation center and “Danhua Found” in the United States, with an initial fund of 900 million dollars and 40 leading-edge projects.