On June 12, Pudong New District signed an agreement with Shanghai Jiao Tong University (SJTU) to invest 300 million yuan into SJTU Holding Enterprise, a Shanghai-based high-def digital technology industrial corporation (HDIC), which is the key enterprise of China's digital TV R&D efforts.

      According to the agreement, the Pudong State Assets Committee will point its affiliate company, Shanghai Light Industrial Equipment (Group) Co., Ltd, jointly with two other companies, to invest 300 million yuan into the HDIC for the foundation of a state digital TV industrial base.

Shanghai plays an important role in Chinese digital TV industry. SJTU has been devoted to this industry for fifteen years and has acquired more than one hundred patents for independent intellectual property. SJTU's transmission technology for digital TV is a basis for the national standard. 

With its extensive pool of talent and technological resources, SJTU has made great strides in digital TV R&D since its foundation six years ago. It is currently the sole state-held key enterprise for digital TV standards R&D. The Shanghai Municipal Government places high hopes on the State Digital TV Industrial Base being headquartered within its city limits.