Seven enterprises in the fields of medicine, biotechnology and health signed contracts to settle in the Beijing Daxing International Airport Economic Zone (BDIAEZ) on June 16.

Enterprise representatives reach agreement with Daxing district. [Photo provided by Daxing district]

In recent years, while continuing to optimize its industrial base business and policy environment, the BDIAEZ has been increasing efforts to attract business and seek capital support.

According to Wang Lunmao, deputy general manager of Beijing New Aerotropolis, the economic zone has set up a fund management company and established a mother fund for industrial development.

The company has conducted both mother fund investment and direct investment, and has cooperated with first-class investment institutions to initiate the establishment of multiple sub-funds to aggregate financial resources.

This move is to use capital to facilitate project landing, attract more regional projects, promote industrial investment and financing system, and boost innovation ability.

To increase available support for outstanding enterprises, the industrial mother fund involves corporate financing, and has formed fund groups with high-quality sub-funds to grow with enterprises.

From January to May, the economic zone has contacted 158 projects, and has seen 800 newly registered enterprises, including 46 foreign-funded enterprises.

At present, the number of registered enterprises in the economic zone has reached 5,122, with a registered capital of 109.7 billion yuan ($15.1 billion).