Firm Taps IT PotentialThe establishment of Beijing Zhongguancun Information Construction Shareholding Co Ltd offers backbone to the construction of Beijing's information infrastructure, China Daily reported.Co-sponsored by 13 companies, including Beijing Science and Technology Park 7 Construction Co Ltd, Beijing Capital Co Ltd and China Unicom Beijing subsidiary with 75 million yuan (US$9.04 million) investment, and another 10 smaller shareholders, the company will be responsible for the creation of a wide-band multi-media information network in Beijing. "Beijing Zhongguancun Information Construction Shareholding Co Ltd, with 500 million yuan (US$60.24 million) of registered capital, is aiming to strengthen co-ordination and co-operation among the 13 enterprises to fully utilize existing resources, avoid duplicated construction and make up sufficiency of State investment,'' Ma Lin, president of the company's board said during the opening ceremony in Beijing Sunday. A source with the municipal government said 16 key high-tech construction projects, involving Zhongguancun West Zone, Zhongguancun State-level Software Park, Shangdi Information Industry Base, Beijing University and Qinghua University Science Garden, are to be started this year. State investment was far from enough for the construction of the necessary information infrastructure, which urged the government to introduce multi-channel capital. But both the government and the new company did not reveal detailed figures of the investment. With the support of the Ministry of Information Industry and the the municipal government, the new company completed its application, approval and registration procedure within 10 days. "During the initial stage of our company, we will focus our business on construction, maintenance, operation and management of the infrastructure in the Zhongguancun Science and Technology Park,'' Ma said. Ma also said that the company is expected to expand its business arrangement in the near future, however, to obtain the sustainable and healthy development, they will concentrate on quality as well as speed. A spokesman with Beijing Science and Technology Park Construction Co Ltd, one of the three large shareholders, pointed out that establishment of the company provides a good opportunity for the 13 shareholders to take their own advantages in terms of capital, technology, skilled staff and management to speed up the development of the city's high-tech industry. |
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