The Zhongguancun Administrative Committee signed a strategic cooperation agreement with the Bank of Beijing on June 18, 2014.
The Bank promised to provide an intentionality credit line of 80 billion yuan ($12.8 billion) for Zhongguancun Science Park over the next three years.
The two parties will carry out cooperation in many fields including industrial development, financial innovation, science park construction and quick credit financing of small micro enterprises, in order to promote the development of Zhongguancun's high-tech industry.
In addition, the Bank's branch in Zhongguancun, together with Zhongguancun Science-tech Leasing Company Limited, launched a special financing product recently, which can not only speed up approvals but also meet different financing demands of high-tech enterprises.
