The mainland's top university, Beijing University, has pledged more support to its computer technology development business as it prepares to float its biotechnology business.
University council chairman Ren Yanshen said the university would continue to inject quality assets into the Beijing University Founder Group's listed arm in the SAR, Founder (Hong Kong), which specialises in computer software development, and allow the biotech operations to go public when the time was right.
One of the assets Beijing University Founder Group possesses is computer software that uses fingerprints for identification, which Mr Ren said would have widespread potential in areas such as public security, banks and even elections.
Founder (Hong Kong)'s position would not in any way be undermined by A share Shanghai Yanzhong Industrial, which came under the university's control in recent months, Mr Ren said.
'Computer software is our trump card and we have made it our objective to make Founder a global name,' he said.
Mr Ren said the university would list the biotech business in the mainland when the public recognised the importance of it.