The East Lake High-Tech Development Zone was established in 1988. The State Council approved it as one of the first national-level high-tech zones in 1991.
According to a Feb 25 statement on the WeChat public account, there are 22 policies formulated by Optics Valley to support the steady and healthy development of enterprises.
It 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.
In 2009, it was decided to construct a talent zone in East Lake High-tech Development Zone and to do so it formulated and carried out the “3551 Optics Valley Talent Schema” – a plan and conceptual framework, according to officials of the zone.
The East Lake High-tech Development Zone is a home for technology business incubators.