The development forum of Beijing-Tianjin Zhongguancun Science and Technology Park was held in Baodi district, Tianjin, on Feb 26. A total of 43 projects were signed during the forum, with a planned total investment of 24.99 billion yuan($3.47 billion).

The projects cover leading industries such as new-generation information technology, new energy and new materials, high-end equipment, biomedicine and medical devices, and modern service industries.

Beijing-Tianjin Zhongguancun Science and Technology Park, a high-tech incubator, is a key investment by Beijing-based Zhongguancun Development Group Co., Ltd. in Baodi district in Tianjin.

Xuan Hong, general manager of Zhongguancun Development Group Co., Ltd., introduced that the Beijing-Tianjin Zhongguancun Science and Technology Park plays important role in promoting coordinated development in the Beijing-Tianjin-Hebei region and driving innovation. It has gradually formed a new model of R&D in Beijing, and transformation of the technological achievements in Baodi. Next, Zhongguancun will accelerate the cultivation of strategic emerging industries, and strive to enhance the capacity of innovation with Baodi.

Wang Hao, deputy head of Baodi, introduced that the park will strengthen the modern industrial system, enhance industrial capabilities, free innovation vitality, and transform more innovative achievements into new productive forces, promoting the coordinated development of Beijing, Tianjin, and Hebei.

Baodi will focus on developing new productive forces, give full play to the role of the park in the integrated regional development of Beijing and Tianjin.