Beijing's Zhongguancun High-Tech Rules Break New Ground

Seeking to attract high technology companies, Beijing Muncipality passed the path-breaking Zhongguancun Science and Technology Park Regulations (the Regulations).1 The Regulations have achieved major breakthroughs in five areas: protection of investors' interests; simplified company formation procedures and requirements; provisions to facilitate venture capital; anti-trust measures; and regulation of government activities.

17 minute readOctober 31, 2001 at 11:58 PM

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By Liu Hongchuan and Randy Peerenboom, Yiwen Law Firm, Beijing

Increased Competition in attracTing High-Tech Companies

During the mid- and late 1990s, many local governments realized the increasing importance of the high-tech industry for economic development.

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