It was unveiled at the Two Sessions of Chaoyang District that the construction of the International Venture Capital Cluster 2.0 is set to commence. This will expand the cluster from the original single building into a technology and innovation block. It is expected that the total revenue of the cluster will exceed CNY 1.2 trillion, with three 100-billion-level industrial clusters including integrated circuit, artificial intelligence and industrial internet being built.

The construction of international talents apartment has already commenced. "One meeting and three letters" (the three letters referring to: the preliminary work of the construction project; the design plan review of the construction project; opinions on the construction registration) will be applied to promote the construction of the international school. The project contractor of the international hospital has been confirmed. The permanent venue for the Future Forum has been decided, and the preliminary planning is being carried out.

Construction of the International Venture Capital Cluster 2.0 will be initiated in Zhongguancun Science Park Chaoyang Park. Currently, 25 well-known domestic and foreign venture capital institutes have applied to participate in the construction of the cluster. Construction has already been completed for 4 centers: Hillhouse New Growth Driver Center, Sequoia Incubation Center of Technology and Innovation, Haier COSMOPlat Ecological Agglomeration Center and Cyzone Innovation Empowering Center. 24 venture capital projects and 3 professional service institutes has settled in the area. The upcoming construction of the cluster will expand the original single building into a technology and innovation block.

In the future, Zhongguancun Science Park Chaoyang Park will construct a “1+4+N” industrial model. This means that it will take the new generation of information technology as the lead, and feature various industries as key support systems, including health and medicine, intelligent manufacturing, new energy, energy conservation and environmental protection, and technology service. These key support systems will serve to vigorously cultivate future industries and form and leverage the advantages of industrial agglomeration in sub-divisions of characteristic industries including artificial intelligence, integrated circuit, industrial internet and more.