CUTIC - Hangzhou
Hangzhou has a good entrepreneurial atmosphere. According to data released by agencies such as LinkedIn, Hangzhou has become the city with the highest net inflow rate of talents in China and the highest ratio of "inflow and outflow of returnees from overseas". The per capital density of entrepreneurship in Hangzhou ranks first in the country, surpassing Beijing, Shanghai, and Shenzhen, and is particularly prominent in the six major areas of corporate services, healthcare, education, culture and entertainment, e-commerce, and finance.
The sub-center was founded in 2015
Bring direct economic benefits
"Just as there is paradise in heaven, there are Suzhou and Hangzhou on earth." Located on the southeastern coast of China, 180 kilometers from Shanghai, Hangzhou is one of the most active and most developed cities in the Yangtze River Delta region with an area of 16,600 square kilometers and a permanent population of 9.5 million.
Hangzhou is built on a solid economic foundation. As a "1,000 billion-GDP" city, Hangzhou created a GDP of nearly RMB 1.35 trillion in 2018.
In 2017, 28 companies in Hangzhou were listed, ranking the second in the country and increasing its number of listed companies to 163, of which 128 were listed domestically with a total market capitalization of nearly RMB 2 trillion, following Beijing, Shanghai and Shenzhen, ranking the fourth in the country. In addition, by the end of last year, the number of Hangzhou New Third Board listed companies had also reached 381.
Hangzhou is the home of private economy. In 2017, the value appreciation of the private economy in Hangzhou reached RMB 756.1 billion, accounting for 60.2% of GDP. In the "2017 China Top 500 Private Enterprises", 44 companies were from Hangzhou, the highest record in the country for the 15th time.
Hangzhou can provide strong support for venture capital financing. As of the end of June 2017, a total of 1,779 equity and venture capital private equity fund companies have been incorporated in Hangzhou; in 2017, pioneering projects in this city increased by 4.09%, ranking the first in the country for four consecutive years. There were 249 startup companies entering a new round of financing on the original foundation for the whole year, and attracted RMB 31.1 billion.