Beijing E-Town

Beijing E-Town
Agency overview
Formed	1992 (1992)
Parent department	Municipal government of Beijing
Website	www.bdainvest.org

Beijing E-Town is an economic development agency of the Beijing municipal government for fostering local high tech manufacturing. E-Town operates an industrial park for much of the manufacturing in Beijing and through investment funds makes investments with companies and other financial partners in acquisitions of overseas high tech businesses.

Investments

Through special purpose vehicles and investment funds, E-Town has acquired equity stakes in several high tech manufacturing businesses including several semiconductor companies.

Early investments

E-Town's first overseas investment was in UTStarcom in 2010. In exchange for newly issued common stock shares in UTStarcom, Beijing E-town International Investment and Development Co., Ltd., an investment subsidiary of E-Town, invested $25 million in the company.^[1]

In 2010, E-Town with the Tempo Group formed the Pacific Century Motors as a consortium in purchasing Nexteer Automotive, an auto parts company in steering and driveline components, from General Motors for $450 million.^[2]

Beijing Economic-Technological Development Area

Main article: Beijing Economic and Technological Development Area

E-Town is responsible for the Beijing Economic-Technological Development Area (BDA), a state-level industrial area located in the Daxing district that was chartered by the Beijing government in 1994. Within the BDA are six industrial parks, the China New Media Industrial Park, Biopharmaceutical Industrial Park, New Energy and Automobiles Industrial Park, Manufacturing-Oriented Services Industrial Park, Military and Civilian Industrial Park, and New Airport Industrial Park.^[3] BDA has significantly grown since establishment with a stated receipt by 2013 of more than $40 billion in investment by 6,000 companies from around 30 countries and regions, and production in 2013 that equaled half of the city's industrial output.^[3]^[4]

References

↑ "UTStarcom Announces Strategic Investment by Beijing E-town International Investment and Development Co., Ltd". UTStarcom.
↑ "China Shops in the U.S. For Auto Parts Makers". Forbes. November 11, 2010.
1 2 Chinese European Training on Regional Policy EU-China Regional Policy Dialogue - Final Report 2013 (PDF). European Commission, Directorate General for Regional and Urban Policy. February 24, 2014. p. 73.
↑ "Beijing Etown: from farmland to futurist business model". China Daily. June 6, 2013.

Notable buildings and structures in Beijing from the modern era

Ten Great Buildings	Beijing Railway Station Cultural Palace of Nationalities Diaoyutai State Guesthouse Great Hall of the People Military Museum of the Chinese People's Revolution Minzu Hotel National Museum of China Workers Stadium

Olympic Green	Beijing National Stadium Beijing National Aquatics Center Beijing National Indoor Stadium China National Convention Center Digital Beijing Building National Tennis Center Olympic Park Observation Tower

Tiananmen Square	Mausoleum of Mao Zedong Monument to the People's Heroes National Centre for the Performing Arts

Museums	Beijing Planetarium Capital Museum China Aviation Museum China Railway Museum China Science and Technology Museum Museum of the War of Chinese People's Resistance Against Japanese Aggression National Art Museum of China

Transportation	Beijing Capital International Airport Beijing South Railway Station Beijing West Railway Station

CBD	Beijing TV Centre Beijing Yintai Centre CCTV Headquarters CCTV Tower The China World Trade Center Fortune Plaza Jing Guang Centre

Other government buildings	Beijing Economic and Technological Development Area National Library of China Workers Indoor Arena

Others	IAP Meteorological Tower

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