The Beijing E-Town International Investment & Development Co. (E-Town Capital for short) was founded in February 2009, as a State-owned investment corporation for scientific and technological innovation and industrial transformations and improvements in the Beijing Economic-Technological Development Area (BDA). As of May 2022, the company's total assets reach more than 96 billion yuan ($14.2 billion), and the total owner's equity amounts to nearly 70 billion yuan.
Its main subsidiaries include Beijing E-Town International Industrial Investment Management Co., Ltd., Beijing E-Town International Automobile Investment Management Co., Ltd., E-Town International Holding (Hong Kong) Co., Ltd., Beijing E-Town International Financing Guarantee Co., Ltd., Beijing E-Town International Financing Leasing Co., Ltd. and Beijing Tongming Lake IT City.
E-Town Capital closely focuses on the objectives of "Being an innovative service provider in industrial finance, science and technology parks and capital operations". The company fully integrates government resources and market forces, actively attracts leading enterprises to settle in the BDA, continuously improves the upstream and downstream industrial chains of the BDA and effectively forms an industrial clustering effect. The company focuses on the leading industries of new generation information technology, biotechnology and big health, new energy smart cars, robotics and smart manufacturing, and continues to deepen the core business of industrial promotion, industrial investment, financial services, and science and technology parks. The company continues to make its contribution to the development of the Sci-tech Achievement Transformation Area, Technological Innovation Demonstration Zone, Reformation Pilot Zone, Livable and Business-friendly Green Urban Area and Main Position of High-quality and Cutting-edge Industry in BDA. The company actively promotes the industrialization of Beijing's scientific and technological achievements.
In terms of industrial promotion, E-Town Capital actively establishes a unified industrial promotion mechanism, and strives to build an industry investment ecosystem taking industry promotion as the core, research and channel as the basis, capital as the means, space as the carrier, policy as the supplement, and ecological construction as the starting point.
In terms of industrial investment, E-Town Capital adopts long–term strategic investment. It focuses on the development of leading enterprises such as SMIC, BOE, and BAIC, and promotes the development of 100b-yuan industrial clusters such as electronic information and high-end automobiles in the BDA. Also, it actively participates in overseas mergers and acquisitions such as Nexteer, ISSI, and Mattson.
E-Town Capital has established a comprehensive and full-process fund of funds (FOFs) system. Its investment field covers the four leading industries in BDA, and its investment fund types cover angel funds, VC, PE, M&A and other modes.
In terms of financial service, E-Town Capital gradually improves financial services such as financing guarantees and financing leasing, and actively assists SMEs in innovation and development.
In terms of science and technology parks, E-Town Capital has developed a featured industrial park called BDA IT Innovation Park. The park is a national core base for innovation in information technology applications. It employs an enterprise agglomeration + platform empowerment + application-driven + group breakthrough model -- to deepen the integration of the industry chain, as well as the capital chain and services chain. It aims to develop a new platform for joint research of enterprises, create a new model for coordinated industrial development and also aims to promote rapid industrial development.
By the end of May 2022, E-Town Capital had invested in 173 projects, with a total investment of more than 86 billion yuan. Its FOFs invested 68 funds, and participated in the management of funds worth more than 664.5 billion yuan. E-Town Capital's subscription volume exceeded 66 billion yuan, and the paid-in scale exceeded 42.5 billion yuan.
As Beijing accelerates the construction of the National Science and Technology Innovation Center, the New E-Town plan covering 225 square kilometers marks a new stage of development for BDA. E-Town Capital will always adhere to the real economic industry development needs as the guide, and create an industry-finance service system that integrates with "major projects drive, industry funds guide, financing service support, industry bases accommodate and capital operations guarantee". The company will continuously optimize and integrate resources, promote regional coordinated development, connect global innovation resources and will strive to develop into an industrial investment group with international influence and facilitate the upgrading of the BDA.