The Beijing Technological Development Area, also known as Beijing E-Town, is holding a fund-raising drive to help its enterprises, with a goal of increasing its capital to more than 10 billion yuan ($1.6 billion), and explained the move and its capital operations, on Oct 29, starting with E-town Capital, the parent fund and its branches Aerospace Industry Investment, Botai Fangde Bio-medical Investment, and Zhongguancun Modern Service Sector Venture Capital.

E-town Capital specializes in key technology developments, with Beijing government backing, mainly in equity investment, fund management, leasing, service guarantees, and development area operations, and developing overseas markets The focus is on emerging industries, integrated circuitry, bio-pharmaceuticals, and modern services, and it has eight smaller funds with plans to establish eight more, for example, Aerospace Industry Investment, China's first equity investment in the aerospace industry, founded on Jan 18, 2010, and now with 4 billion yuan ($650 million) in capital. A new investor, Taikang Life Insurance Co, joined the fund in 2012, as its first insurance capital, with China Insurance Regulatory Commission approval.

Botai Fangde was started by E-town capital, GTJA Innovation Investment, and Beijing Yizhuang Bio-medical Investment, with 500 million yuan in capital to strengthen the bio-pharmaceutical industry and invest in medical equipment, the pension business, private hospitals, and medical care and now concentrates on recombination protein, new vaccines, and monoclonal antibodies.

Zhongguancun Modern Service started with 150 billion yuan in venture capital, from the Beijing government, in October 2013, and has quadrupled its capital and opened three branches to support telecommunications, media technology, energy conservation, environmental protection, and high-tech services.

Gao Yanjie, a vice-director of the area's administration, explained that it has eight industrial clusters in integrated circuitry, mobile communications, digital TV, and cloud computing and is building an industrial finance service system to give financial support to technology and innovation in Beijing.