Beijing was recently named the best mainland Chinese city for entrepreneurship in 2017.
The ranking emphasized the impact of a city’s policies and talents on its entrepreneurship. The main gauge was the enthusiasm of establishing start-ups, government policies and intellectual support.
Report shows that there are five major entrepreneurship regions in China, one of which is the North China region with Beijing and Tianjin at its core.
As the birthplace of the policy of innovation and entrepreneurship, Beijing has demonstrated increasing competitiveness in this aspect. A total of 1,450 Beijing enterprises are listed in the National Equities Exchange and Quotations, roughly equal to the combined total of those in Shanghai (878 enterprises) and Shenzhen (686 enterprises). Beijing is also home to 174 national innovation and entrepreneurship platforms, still roughly the sum of those in Shanghai (89 platforms) and Shenzhen (86 platforms).
In addition, Beijing continued to relocate non-capital functions in 2016, which will grant more development opportunities to neighboring cities including the newly established Xiongan New Area.