Zhongguancun Mode: Technology + Capital dual-engine drive co-authored by Zhongguancun Listed Companies Association and Guanghua School of Management in Peking University, released in Beijing on Nov 6.

Based on the data and case studies of Zhongguancun's five-year development, the research points out that Zhongguancun has formed a virtuous circular model driven by capital market and technical research and development, which will play a greater radiation role in China's future innovation and entrepreneurship.

The research indicates that the innovation ecology of Zhongguancun is complemented by five aspects: the government and policy mechanism, the regional ecosystem, the enterprise innovation system, the capital aid mechanism and the regional / enterprise boundary expansion, which forms a virtuous circular ecosystem like the fountain system.

The research and development investment of Zhongguancun listed companies in 2011 atis about 11.5 billion yuan ($1.7 billion). In 2015, the investment hads grown to 82 billion yuan and in 2016 it has reached 128.5 billion yuan.

As the first national independent innovation demonstration zone in China, Zhongguancun Science Park has already developed a number of leading enterprises in the fields of Internet, big data, artificial intelligence, green and low-carbon, modern supply chain and high-end services through the development of a dual-engine drive of technology and capital, which is the explorer of the Chinese-style innovation and development.

Yin Weidong, chairman of Zhongguancun Listed Companies Association, said that Zhongguancun's listed companies can obtain funds from the market point of view, and put them into research and development. And investment can be given to achieve the support for scientific and technological innovation, which has great significance.

Yin said, "The key to promote the close combination of technological innovation and economic and social development is to make the market truly become the power of allocating innovative resources. And let enterprises become the main body of technological innovation."