1.Introduction to the Project

1.1 Project background

1.1.1 Product introduction

The Digital Innovation and Entrepreneurship Industrial Park is an important force in promoting digital development. It is committed to gathering high-end industrial resources, building a technology innovation system for industry, academia, research and application, promoting the transformation and application of scientific and technological achievements, and providing comprehensive innovation and entrepreneurship services to promote the high-quality development of the digital economy.

Compared with traditional parks, digital innovation and entrepreneurship industrial parks have the following significant differences: they place more emphasis on the application of digital technology, using these technologies to achieve efficient communication, collaboration, and intelligent production management among enterprises, thereby improving production efficiency and product quality. It places more emphasis on building an innovation and entrepreneurship ecosystem, actively introducing various innovative resources, providing comprehensive innovation and entrepreneurship services for enterprises in the park, and creating a positive atmosphere for innovation and entrepreneurship. It places greater emphasis on the integration of industry, academia, research, and application, actively promoting cooperation between enterprises, universities, and research institutions within the park to facilitate the transformation and application of scientific and technological achievements. It places more emphasis on open cooperation, actively promotes cooperation and exchange between the park and the outside world, introduces external innovative resources and enterprises, and helps the development and growth of the park.

These differences enable the digital innovation and entrepreneurship industrial park to better adapt to the trend of digital development and provide a more favorable development environment for enterprises and talents.

1.1.2 Market prospect

(1) Market status of digital innovation and entrepreneurship industrial parks

In recent years, the development scale of digital innovation and entrepreneurship industrial parks has continued to expand, and local governments have actively promoted the development of the digital economy, making the construction of digital parks a key strategy. The industrial structure of digital parks is becoming increasingly mature, covering a complete industrial chain from infrastructure construction to innovation and entrepreneurship services. The digital park is equipped with advanced infrastructure such as high-speed networks, cloud computing, and big data centers, providing excellent information technology support for enterprises. In addition, the digital park also focuses on cultivating emerging industries such as artificial intelligence, virtual reality, and the Internet of Things to promote the rapid development of the digital economy. The digital park is committed to building an innovation and entrepreneurship ecosystem, providing comprehensive support for enterprises and individuals. The digital park provides resource support such as venues, funds, and talents to help entrepreneurs reduce entrepreneurial risks. At the same time, the digital park also regularly holds various innovation and entrepreneurship activities, such as entrepreneurship competitions, technology salons, etc., to promote communication and cooperation, and stimulate the passion for innovation and entrepreneurship.

The scale of China’s digital economy industry continues to expand, exceeding 55 trillion yuan by 2023, with a growth rate of about 9.6%, showing a development trend of “improvement of quantity and quality. As the core of the digital economy, digital industrialization provides digital technology, products, services, infrastructure, and solutions for the development of industrial digitization, as well as various economic activities that rely entirely on digital technology and data elements.

Digital industrialization involves products and services created by digital technology, such as electronic information manufacturing, information communication, software service, Internet, etc. These industries are all products after the emergence of digital technology. In recent years, China has attached great importance to digital development, and related investment and expenditure have continued to grow rapidly. The application of advanced digital technology in various fields continues to deepen, playing a key role in promoting modernization of governance and ensuring social security and stability, while also creating favorable conditions for the rapid development of the industry.

(2) Market prospect of digital innovation and entrepreneurship industrial parks

According to the Report on Digital Technology Supporting the Development of New Quality Productivity, the scale of China’s digital industrialization reached 10.09 trillion yuan in 2023, accounting for 18.7% of GDP; the digitalization scale of China’s industries has reached 43.84 trillion yuan, accounting for 81.3% of the digital economy and 34.77% of the GDP.

Driven by cutting-edge technologies such as cloud computing, big data, artificial intelligence, and blockchain, technological innovation in the field of digital industrialization is constantly emerging. The application of these technologies not only enhances the service capabilities of information technology, but also provides strong support for the digital transformation of traditional industries. With the continuous development of information technology, the trend of integration between digital industrialization and industrial digitization is becoming increasingly evident. Information technology is penetrating and integrating into traditional industries, promoting their digital, networked, and intelligent transformation.

The construction and development of digital innovation and entrepreneurship industrial parks are not only of great significance in promoting regional economic transformation and upgrading, but also play a positive role in promoting the overall innovative development of society. Enterprises within the park have formed strong synergies through sharing resources, information, and knowledge, which not only reduces their operating costs but also accelerates the research and commercialization process of new technologies and products.

In addition, the digital innovation and entrepreneurship industrial park also emphasizes the cultivation and introduction of talents. Through cooperation with universities and research institutions, the park provides a platform for talents to practice and innovate, as well as opportunities for them to learn and grow. This talent strategy not only enhances the innovation capability and competitiveness of the park, but also injects a continuous stream of vitality into the development of the digital economy.

In terms of policy support, the digital entrepreneurship and innovation industrial park has received high attention and strong support from the government. The government has provided strong support for the development of the park by formulating a series of preferential policies, such as tax reductions, financial support, and entrepreneurial guidance. The implementation of these policies has greatly stimulated the innovation enthusiasm of enterprises and promoted the rapid development of enterprises in the park.

In the future, the digital innovation and entrepreneurship industrial park will continue to embrace the integration trend of intelligence and networking, and promote collaborative innovation among enterprises. The construction of diversified service platforms is also an important development direction, which can provide tailored solutions for different types of enterprises, simplify daily operation processes, and improve management efficiency.

In summary, the digital entrepreneurship and innovation industrial park, with its unique operational model and strategic positioning, is becoming a new engine for promoting digital transformation and high-quality economic development. In the future, with the continuous advancement of technology and the continuous optimization of policies, digital innovation and entrepreneurship industrial parks are expected to become important participants and leaders in the global digital economy field.

1.1.3 Advantageous conditions of project construction

(1) Policy advantages

The 14th Five-Year Plan for the Development of Digital Economy and other documents clearly propose to implement the digital strategy of cultural industries, accelerate the development of new cultural enterprises, cultural formats, and cultural consumption models, and strengthen industries such as digital creativity, online audiovisual, digital publishing, and digital entertainment. These policies provide a favorable environment for investment and development in the digital creative industry.

The Government Work Report in 2024 proposes to deepen the innovative development of the digital economy and formulate policies to support high-quality development of the digital economy.  In addition, the Decision of the Central Committee of the Communist Party of China on Further Deepening the Reform and Promoting Chinese Path to Modernization adopted the 3rd Plenary Session of the 20th CPC Central Committeein July, 2024 pointed out that we should accelerate the construction of institutional mechanisms to promote the development of the digital economy, and improve the policy system to promote digital industrialization and industrial digitalization.

Jilin Province has issued the Implementation Plan for Accelerating the High-quality Development of Jilin Province’s Digital Economy (2023-2025), which takes the digital government as the guide and digital technology innovation as the driving force to promote the integrated development of digital technology and the real economy. The plan proposes goals such as improving the level of digital industrialization, promoting industrial digital transformation, and strengthening basic support capabilities, aiming to create a new growth pole for the digital economy and provide strong support for the high-quality development of Jilin.

Changchun has established a leading group for the construction of digital Changchun, and has studied and issued policy documents such as the 14th Five-Year Plan for Digital Changchun, the Action Plan for the Development of Changchun’s Digital Economy, the Action Plan for Breakthrough in the Development of Changchun’s Digital Economy, the Policies to Support the Development of Digital Industries in Changchun, etc., placing the development of digital economy in a prominent position and incorporating it into the key cultivation of the “3-transformation, 4-strong, and 7-new” modern industrial system, highlighting industrial digitization, digital industrialization, governance digitization, and data value, and making every effort to seize the “new track” of digital economy.

(2) Industrial advantages

New and high-tech industry foundation: Jilin Province has a strong foundation in new and high-tech industries, including optoelectronic information industry, big data industry, etc. By promoting the research and development of core technologies such as optoelectronic components, high-end chips, advanced processes, and production equipment, it aims to enhance the industry’s independent and controllable capabilities, and further consolidate and enhance the competitiveness of the optoelectronic information industry.

Development of the artificial intelligence industry: Jilin Province focuses on fields such as intelligent sensors, intelligent robots, and intelligent connected vehicles, strengthens core technology research and development, and promotes the construction of intelligent factories, digital intelligent production workshops, and other projects. By attracting leading domestic and foreign enterprises to establish subsidiaries and developing a group of innovative leading enterprises with core competitiveness, it aims to create a “specialized, refined, unique, and innovative” artificial intelligence enterprise.

These industrial advantages provide a solid foundation and broad development prospects for the construction of digital innovation and entrepreneurship industrial parks in Jilin Province.

(3) Location advantages

Erdao District is located in the eastern part of Changchun City and is an important growth pole in the eastern part of Changchun City. Located in the geometric center of Northeast Asia, it is an important urban area in the east of Changchun. Erdao District is planned to be included in national strategies such as the “Belt and Road” and the revitalization of Northeast China. It is an important starting area and leading area of the Changchun-Jilin-Tumen strategy, as well as the bridgehead and leading area of Changchun-Jilin integration. The transportation network in Erdao District is well-developed. A urban transportation pattern “four vertical and four horizontal roads” has been formed in the region, including major roads such as Linhe Street, East Expressway, East Ring Road, and Yangpu Street, connecting the north and south; Freedom Road, Jilin Road, Airport Expressway, and Dongrong Road run from east to west. In addition, Erdao District is 4 kilometers away from Changchun Railway Station, 5 kilometers away from the city center, and 15 kilometers away from Changchun Longjia International Airport. There are multiple highway entrances and exits within a 5-kilometer radius, making transportation convenient. The Location advantages of Erdao District, Changchun City are not only reflected in its superior geographical location, but also in its convenient transportation network and rich policy dividends. These advantages together constitute the important position of Erdao District, Changchun City and even in Northeast Asia.

(4) Talent advantages

Changchun City is a well-known high intelligence intensive area in China, with more than ten key universities such as Jilin University, Northeast Normal University, and Changchun Institute of Optics and Fine Mechanics located in Changchun. It also has national and provincial (ministerial) scientific research institutions such as the Chinese Academy of Sciences Changchun Branch, Changchun Institute of Optics and Fine Mechanics, Changchun Institute of Applied Chemistry, as well as scientific research institutions such as design institutes, computing and testing centers, and several key open laboratories in Changchun. Changchun City has abundant human resources and price advantages. Higher education institutions and research institutions such as Jilin University, Northeast Normal University, Changchun University of Traditional Chinese Medicine, Changchun Institute of Optics and Fine Mechanics, and Changchun Institute of Applied Chemistry can provide senior management and technical personnel for the implementation of the project.

Erdao District has successfully attracted a large number of high-level talents by implementing the “Dongcheng Wutong” three-year talent introduction action plan for 100 doctors. Since its implementation in 2023, the plan has introduced 27 high-level professional doctoral talents, including graduates from well-known universities such as Tsinghua University, Beijing Institute of Technology, and Jilin University. It can provide talent support for the project.

1.2 Contents and scale of project construction

Planned land use nature: B1, B2 (commercial and business land)

Local land use scale: The planned land area is 1.3600 hectares.

Local building scale: the total construction area of 28523.62 square meters

(Among them, the above ground building area is 168022.2 square meters, and the underground building area is 11721.40 square meters).

It is mainly used for building the digital economy incubation center, comprehensive supporting service center and underground parking lots, etc.

1.3. Total investment of the project and capital raising

The total investment of the project is 300 million yuan, including the construction investment of 220 million yuan.

1.4 Financial analysis and social evaluation

1.4.1 Main financial indexes

After the project is completed, its annual sales revenue will be 170 million yuan, its profits will be 50 million yuan, its investment payback period will be 7 years (after tax, including the construction period of 1 year) and its return on investment will be 16.67%。

Note: “10 thousand yuan” in the table is in RMB.

1.4.2 Social evaluation

Innovation capability enhancement: The digital innovation and entrepreneurship industrial park can stimulate and cultivate more innovative enterprises and talents by providing innovative resources and platforms, promoting technological innovation and industrial upgrading. The enhancement of this innovation capability is one of the important indicators for modernization and high-quality national development.

Employment opportunity creation: The digital entrepreneurship and innovation industrial park drives the development of new products and entrepreneurial enterprises, driving the demand for relevant talents, including management talents, R&D skilled talents, marketing promotion talents, etc. These demands not only come from the enterprises themselves, but also involve the development of collaborative supporting industries, thereby expanding employment opportunities.

Industrial structure optimization: The digital innovation and entrepreneurship industrial park promotes the optimization and upgrading of the economic structure by strengthening capital investment, technological innovation, and market orientation. With the introduction of new industries, the economic structure is gradually transitioning from traditional industries to high-tech industries, thereby achieving optimization and upgrading of the entire economic structure.

Regional competitiveness enhancement: Successful digital innovation and entrepreneurship industrial parks can attract high-quality enterprises and talents, form a good innovation and entrepreneurship ecosystem, and enhance the influence and competitiveness of the region in the country and even globally.

Significant social benefits: The digital entrepreneurship and innovation industrial park attracts a large number of employed people through entrepreneurship incubation carriers, especially fresh graduates and innovative entrepreneurs returning to rural areas, making significant contributions to social employment. In addition, innovation and entrepreneurship activities within the industrial park can also drive regional economic development and improve residents’ quality of life. ‌‌

1.5 Cooperative way

It is seeking to settle in the park with outstanding domestic and foreign enterprises in the field of digital economy, and attracting leading enterprises in related fields. The cooperative ways can include various forms such as technical cooperation, joint research and development, product agency, etc.

1.6 What to be invested by the foreign party

Funds, and other methods can be discussed in person.

1.7 Construction site of the project

North of Ziyou Road and east of Heshun Sanjiao, Erdao District, Changchun City

1.8 Progress of the project

The project proposal has been prepared.

2. Introduction to the Partner

2.1 Unit basic information

Name: Changchun Ruitong Investment Co., Ltd.

Address: Room 308, Unit 101, Building 24, Block G, Lansegangwan Phase II at the intersection of Huigong Road and Yuanda Street, Erdao District, Changchun City  

2.2 Unit overview

Introduction of the enterprise:

Changchun Ruitong Investment Co., Ltd. was established on July 3, 2015, with its registered address at Room 308, Unit 101, Building 24, Block G, Lansegangwan Phase II at the intersection of Huigong Road and Yuanda Street, Erdao District, Changchun City. The legal representative is Zheng Wei. The company’s scope of business includes: engaging in land acquisition, storage, development and consolidation commissioned by the government; investment, development, construction, and management of urban infrastructure projects; real estate development; house leasing; property services; design and construction of water conservancy engineering, power engineering, landscaping engineering, building decoration engineering, and municipal road engineering.

Introduction of Erdao District:

In the eastern part of Changchun City, the geometric center of Northeast Asia, stands a rich and vibrant urban area - Erdao District. The area covers 92.56 square kilometers, with a total population of 520000. It has jurisdiction over 8 streets, 1 town, 54 urban communities, 8 rural communities, and 1 provincial-level development zone.

It borders Wanchang Town in Yongji County, Jilin City to the east, Yitong River to the west, Changchun Economic and Technological Development Zone South District and Changchun Jingyue National High tech Industrial Technology Development Zone to the south, and Kuancheng District, Changchun High tech Industrial Development Zone North District, and Donghu Town in Jiutai District to the north.

The Erdao District Committee and Government have always adhered to the people-centered approach, implemented the new development concept, focused on urban renewal, refined management, and improvement of people’s livelihood, continuously improved the quality of the city, and continuously met the people’s aspirations for a better life through practical measures.

Urban renewal is progressing in an orderly manner. It accelerates the transformation of three urban villages, and continuously improves people’s livelihoods, and unleash development vitality. It carries out the renovation and upgrading project of the old city in an orderly way, and comprehensively renovates 46 old residential areas and 285 residential buildings, benefiting more than 23000 households. It continuously improves the quality of residential areas, a number of modern livable communities such as Greentown · Guiyutinglan and Wanjin · Duhuirongguang have emerged, leading the new image of the eastern urban area of Changchun.

The infrastructure has been significantly improved. The eastern section of Dongxin Road has officially achieved two-way connectivity, effectively promoting the transportation interconnection of the third and fourth ring roads in the eastern urban area. The Subway Line 2, Huigong Road Airport Avenue, and Donghe East Road have been completed and opened to traffic. The light rail line 4 and the eastern expressway run through the north and south, forming a three-dimensional transportation network of “five horizontal and four vertical roads” that extends in all directions, making residents’ travel more convenient.

The living environment continues to improve. It has completed the large-scale national land greening index for the entire district, constructed and upgraded 6 micro parks and micro green spaces according to local conditions, and promoted daily greening and maintenance of streets, roads, and abandoned residential areas in the district with high standards. Jinbali Guangde Roast Street, Heshunli, and Labor Park, two characteristic blocks, have been rated as “Changchun Cultural Tourism Characteristic Consumption Demonstration Blocks” by Changchun City. Labor Park has been awarded the title of one of the first batch of “Civilized Parks (Scenic Areas)” in Changchun City.

Erdao District thoroughly implements the national, provincial, and municipal decisions and deployments on promoting high-quality development of the service industry, continuously strengthens support for the development of the service industry,  implements the “Five Strong Work Methods” of “strong services, strong benefits to enterprises, strong guarantees, strong cultivation, and strong attraction” in an innovative way, continuously deepens enterprise assistance services, efficiently solves enterprise development problems, and helps enterprises accelerate development.

Specialized teams promote strong services. It has established a four-level joint service work system for the “10000 people stationed at (assisting) 10000 enterprises” campaign in the service industry of the entire district, consisting of one district service industry development work team, one district level leader, nine local streets and towns, N service departments, and “one-on-one" guarantee service commissioners. It carries out high-level coordination, clear responsibilities, joint services, and comprehensive improvement of organizational scheduling and analysis of Index targets, key enterprises, and industry structure optimization, laying a solid foundation for promoting the high-quality development of the service industry.

2.3 Contact method

Contact person of the project unit: Director Zhao

Tel: +86-18943696566

Project contact person of Erdao District: Che DaweiTel: +86-431-84612345E-mail: edswjzsk@163.com

Contact method of the city (prefecture) where the project is located:

Contact unit: Changchun Cooperation and Exchange Office

Contact person: Zhang Junjie

Tel: +86-15704317930

Fax: +86-431-82700590

E-mail: xmc82763933@163.com