Hangzhou Hi-tech Industry Development Zone (abbreviated to Hi-tech Zone) was set up in March 1990, after receiving approval from the State Council as a state level Hi-tech Industrial Development Zone in March 1991. The Hangzhou Hi-tech Zone is composed of three parts, with the main regions being the Zhijiang Sci-Tech Industrial Park and Xiasha Sci-Tech Industrial Park. The Hi-tech Zone makes good use of the concentrated superior intelligence in the park zone, relies on Hangzhou city's richly endowed natural environment and depends on preferential investment policies to gradually build a scientifically based hi-tech city --- Paradise Silicon Valley will capture world attention.

Industries encouraged: Biotechnology/Pharmaceuticals, Chemicals Production and Processing, Research and Development....