1. Wuhan East Lake High-tech Development Zone -- also known as Optics Valley of China in Central Hubei province -- has more than 1,500 financial institutions (including equity investment institutions), including 24 bank branches, more than 1,100 equity investment institutions -- and more than 200 financial institutions involved in services such as leasing, factoring, guarantees and small loans.
2. Government financial institution innovation products such as collective loans and guarantee insurance have been launched successively, providing loans of 4.6 billion yuan ($649 million) to nearly 900 small and medium-sized technological enterprises.
3. Last year, 89 investment institutions participated in 80 projects in Optics Valley, with a total investment of more than 1 billion yuan. The 89 institutions are mainly from Beijing, Shanghai and Wuhan. Of these, 25 were investment institutions in Beijing, 21 in Shanghai and 15 in Wuhan. According to officials statistics, last year 14 local investment institutions participated in Optics Valley projects' investments -- with 40 investment projects mainly in the optoelectronic information industry, the digital economy and biological health. These were mostly at the seed round and angel round stages, with a total investment of over 100 million yuan.
4. By the end of 2019, there are 46 listed companies in Optics Valley, including 37 domestic A-share listed companies and nine companies listed in other markets. The number of financing cases in Optics Valley reached 80 in 2019, up from 77 in 2018.
According to Optics Valley officials, the three major industries of the digital economy, modern service industry and bio-health have obtained the largest number of financing credit lines. In the digital economy alone, 26 financings were completed, accounting for 32.5 percent of total financing.
Of the 80 financing cases, 45 disclosed the financing amount. Of these, six cases were at the 100 million yuan level, 24 cases were at the 10 million yuan level and 15 at the 1 million level.