Zhongguancun Model: Driving the Dual Engines of Science & Technology and Capital
This book presents for the first time a detailed and comprehensive interpretation of Zhongguancun, China’s first national self-dependent innovation demonstration zone. Explored in the book are examples of world-class, leading enterprises in fields,
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ancun Model: Driving the Dual Engines of Science & Technology and Capital
Zhongguancun Model: Driving the Dual Engines of Science & Technology and Capital
Xiaoying Dong Yanni Hu Weidong Yin Estela Kuo •
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Zhongguancun Model: Driving the Dual Engines of Science & Technology and Capital
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Xiaoying Dong Guanghua School of Management Peking University Beijing, China
Weidong Yin Zhongguancun Listed Companies Association Beijing, China
Yanni Hu Guanghua School of Management Peking University Beijing, China
Estela Kuo Zhongguancun Listed Companies Association Beijing, China
ISBN 978-981-13-2266-2 ISBN 978-981-13-2267-9 https://doi.org/10.1007/978-981-13-2267-9
(eBook)
Jointly published with Peking University Press, Beijing, China The print edition is not for sale in China Mainland. Customers from China Mainland please order the print book from: Peking University Press. Library of Congress Control Number: 2018952901 © Peking University Press and Springer Nature Singapore Pte Ltd. 2019 This work is subject to copyright. All rights are reserved by the Publishers, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publishers, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publishers nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publishers remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Foreword I
In 2012, while riding the high-speed train to Nanjing, Yin Weidong and I discussed a report analyzing the overall statistics of 198 Zhongguancun listed companies (ZLCs): I found the report quite surprising. In the past, discussions about Zhongguancun focused heavily on its emerging tech companies and their innovations. Although ZLCs’ total market capitalization had already reached 1.3 trillion RMB at that time, there was a lack of data and integrated information on these companies. Subsequently, Yin Weidong and I sat down with a number of officials at China Securities Regulatory Commission, China Investment Securities
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