On 16 January 2019, the Beijing Government Work Report 2018-2019 was released during the annual two sessions of the municipal government. Presented by Beijing mayor Chen Jining, the report illustrates some of the main achievements realised in 2018, as well as key priorities for 2019.
Overview of achievements realised in 2018:
- Establishment of a series of advanced R&D structures such as the Beijing Academy of Quantum Information Sciences, the Beijing Chinese Institute for Brain Research, and the Beijing Academy of Artificial Intelligence;
- Establishment of a 30 billion RMB Fund-of-funds, focusing on seed- and early-stage investments in key technology start-ups;
- Number of Beijing-based High- and New-Technology Enterprises (HNTEs) reached 25k, with an annual growth rate of 25%, equaling to 199 high-tech start-ups established every day;
- Zhongguancun’s operational revenue accounted to 5.8 trillion RMB. It hosted 80 unicorns;
- Formulation of key development strategies and action plans in key priority industries – especially new generation ICT, 5G, artificial intelligence, medical sector, intelligent IoT vehicles, and unmanned aerial vehicles;
- Adoption of a series of 20 key international talent-attraction measures in Zhongguancun, which contributed to over 2,300 international talents moved in the area in 2018.
The main priorities for 2019 will be:
- Further implementation of key measures supporting innovation, such as IPR-based pledge financing, venture loans, etc. Major focus on seed- and early-stage investments, and optimisation of technology transfer and financing measures and mechanisms. Expansion of government procurement of sets of high-tech equipment;
- Enhancement of IPR protection and utilisation mechanisms, attraction of international IPR service firms and legal talents in Beijing;
- Attraction of a series of under 30 international entrepreneurs;
- Attraction of international service firms and incubators in key priority industries, and encouragement to multinational corporations to set up R&D centres in Beijing, especially in key priority industries as well as fundamental materials, optics, and high-end chips;
- Strong support to local entities to implement national 2030 Innovation Megaprojects, National Key R&D Programmes (especially targeting intelligent manufacturing, robotics, and deep-space exploration), and the establishment of key laboratories (especially in quantum computing and cybersecurity);
- Promotion of major projects and initiatives such as Daimler’s NEV expansion in Beijing, ultra-high definition display equipment, integrated circuit production lines, third generation semiconductors, “unmanned aerial vehicles village”, etc.