"Unlike many new high technology parks in other cities, we don't have rights in areas such as land-use approval and tax collection. But we did help a lot in creating a regulatory environment that fosters innovation," said Yang.

Since 1988, the Chinese government has given several preferential policies to companies in Zhongguancun such as tax exemptions and research subsidies. It was reported that the administrative committee was willing to help solve problems such as looking for rental apartments for entrepreneurs in the area and even kindergartens for their children.

Last year, Zhongguancun accelerated its growth by building a "special zone of talents", which will give preferential treatment to people, especially those from overseas, who start businesses in Zhongguancun.

The preferential treatment includes registration for a Beijing hukou (permanent residency permit), medical care, insurance and tax incentives.

"Talent is the foundation for the future development of Zhongguancun because it is the top entrepreneurs that will bring about change in the world," said Yang.

According to official figures, 184 companies in Zhongguancun have become public companies, with the number listed on foreign stock markets reaching 73.

This year, many Chinese companies, including Youku, Dangdang and Qihoo360, launched their initial public offerings in the United States. Most of them are based in Zhongguancun.

    

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编 辑：张丽    联系电话：010-67114335