Fintech will inject new dynamism to the innovative startups headquartered in Beijing's Zhongguancun Science Park, or Z-Park, also dubbed as China's Silicon Valley.

The administrative committee of Zhongguancun Haidian Science Park, representatives from Zhonghai Investment and the fintech office of Zhongguancun Science Park talked about establishing a special foundation for the fintech industry on July 31.

Integrating finance with technology, the special foundation will empower traditional financial enterprises with a fintech service system covering the whole Haidian district, officials from both sides said at the seminar.

Resorting to this opportunity, Haidian district will carry out a series of joint corporations with Z-Park to build up stronger ties between district and municipal foundations.

Also according to the seminar, Haidian Park will launch several investigations to reflect on trends and status of foundations in the district. By doing so, new programs will come into shape and help to forge a sustainable ecology for hi-tech industries and innovative startups.

Important attendants included Lin Jianhua, deputy director of Haidian district, and Yin Hao, head of the Fintech Department of Zhongguancun Administrative Committee.

The administrative committees of Zhongguancun Science Park and Haidian Science Park discuss building up a coordinated foundation system on July 31 in Beijing's Haidian district. [photo/bjhd.gov.cn]