The Southeastern University of Science and Technology Development Park Company, the first shareholding company of its kind in China, was set up in Nanjing Monday.
The company has registered assets of 100 million yuan, which is owned by the Southeastern University and nine local enterprises.
The company has received a 1-billion-yuan loan from a local bank and obtained the right to use 66.7 hectares of land.
The Southeastern University Science and Technology Development Park has been listed as one of 15 national research and development parks in universities around China.
(People's Daily 10/24/2000)
