Beijing Zhongguancun Bank Approved for Construction

On December 20, 2016, the China Banking Regulatory Commission officially issued a reply to approve the formal establishment of Beijing Zhongguancun Bank, the first private bank in Beijing.

The full name of Beijing Zhongguancun Bank is Beijing Zhongguancun Bank Co., Ltd., which is jointly established by 11 well-known listed companies in Zhongguancun area, including Hengtai Aipu, with a registered capital of 4 billion yuan.

Zhongguancun is the area with the most intensive scientific and educational intellectual resources in my country. It is the main position for Beijing to build a national science and technology innovation center, and it is also the most active area for innovation and entrepreneurship in the country. In 2014, 2015 and 2016, 14000, 24000 and 20000 new technology-based enterprises were established each year. With nearly 20000 high-tech enterprises, the total revenue of enterprises is expected to reach 4.57 trillion billion yuan in 2016, an increase of 12% over the same period last year. There are 297 listed companies at home and abroad, with a total market value of 4.8 trillion billion yuan, growing at a rate of more than 50% for three consecutive years. Zhongguancun area has 1188 people selected into the central "Thousand-Person Plan", accounting for 20% of the national total. There are more than 30000 returnee entrepreneurial talents, and more than 8000 enterprises have been established. It is the region with the largest number of returnee talents in China. 80% of the country's angel investors are active in Zhongguancun, and the number and amount of venture capital projects account for about 1/3 of the country's total.

It has been the dream of Zhongguancun people for many years to create a characteristic bank focusing on serving scientific and technological innovation in Zhongguancun, a fertile land for innovation and entrepreneurship, and it also embodies the common mission and feelings of generations of Zhongguancun entrepreneurs. The urban two-level government attaches great importance to bank preparations, and the Secondary specialized school department of the municipal government's annual work report will include the promotion of the establishment of Zhongguancun private bank as a key task. The establishment of Beijing Zhongguancun Bank will, under the new normal of economic development, promote supply-side structural reforms, enrich and improve the construction of multi-level capital markets, promote the deep integration of technology and finance, optimize the credit structure, support the development of the real economy, and help technology and innovation Entrepreneurial small, medium and micro enterprises play an important role in innovation and development.

The preparatory work of Beijing Zhongguancun Bank will be based on the fundamental purpose of serving the "three innovations" (that is, entrepreneurs, venture capital and innovative enterprises), with technology finance as the biggest feature, and is committed to providing users with data-driven as the core of the entire life cycle Personalized, precise, intelligent and comprehensive financial services. The key point is to give full play to the advantages of private banking system and mechanism, and solve the financing difficulties and high financing costs of small and medium-sized enterprises that are difficult to solve under the traditional system. In particular, the financing uncertainty faced by scientific and technological innovation and start-up enterprises is large, the demand for accurate, personalized and comprehensive financial services is not met, and the synergy effect of innovation ecology is poor. Build a science and technology financial ecology and innovation and entrepreneurship ecology with Beijing Zhongguancun Bank as the core, change customers into partners, change customers into users. At the same time, it will deeply integrate cutting-edge technologies such as big data, cloud computing, artificial intelligence, and blockchain with banking business. Under the guidance of the urban government and regulatory authorities, it will continue to explore and innovate customer acquisition methods, product design, pricing strategies, and risks. The new path of control system, credit management and operation mode, and strive to build a platform-based, ecological, and data-driven integrated technology and finance service platform that will always lead the future development trend, creating value for society, users and employees, making Beijing Zhongguancun Bank a technology and financial bank with global influence.