| Six Advantages for Beijing CBD to Develop International Financial Industry |
| 3/12/2007 1:1:0 CBD Administration Committee |
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Following the overall opening up of the financial industry and the capitalĄ¯s acceleration of implementing the strategy of building up a harmonious society, especially the issuing and implementation of a series of preferential policies that encourage the capital's development of financial industry, financial industry in the capital has been developing rapidly. As an important international financial center and a gathering place of high-end industries, Beijing CBD has gradually become the first choice for international financial institutions to headquarter. Especially in the recent year, nearly 20 financial magnates, such as China Minsheng Life Insurance Company, South Korea Modern Property Insurance (China) Co., Ltd., Sino-British Life Insurance Co.,Ltd. etc. have settled in CBD one after another, furthering the speed up of Beijing CBDĄ¯s development of international finance industry. At present, there have been 27 headquarters of financial enterprise in Beijing CBD and surrounding areas. There are six advantages for Beijing CBD to develop international finance industry.
First, the overall development of CBD is pushing forward steadily. More high-grade office buildings are put into use with high-quality property management. All provide a vast and good space for lasting industry development.
Second, the collective development of financial industry provides financial enterprises with a high-efficient platform for close competition and cooperation.
Third, Jinzhan backstage base is built to offer all-around services for the development of financial enterprises. With increased number of headquarters of international financial enterprises entered, the service demand for backstage data processing, storage and transfer has also been increased correspondingly.
Fourth, Chaoyang Financial Service Office is built to enhance the governmental support and service to the development of financial industry.
Fifth, the gathering of world top 500 enterprises and multinationals in CBD provides a vast market space for financial enterprises to expand their business.
Sixth, through Beijing CBD Chamber of Finance, Beijing CBD International Forum and Beijing CBD International Business Festival, Beijing, Chaoyang District Government and CBD Administration Committee build up a platform to implement financial policies and improve investment environment.
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