Nov. 15, 2011 (China Knowledge) - Beijing Economic and Technological Development Area
expects to attract a total investment of RMB 100 billion in the next three years to develop industries, according to its Director of the Administrative Commission, Zhang Boxu, speaking at the 7th Beijing
International Finance Expo last week.
In his speech, Zhang expects to BDA
, one of the triple-A rated industrial parks
in China, to raise RMB 20 to RMB 30 billion each year in the three-year period. He further highlighted the industrial park
has strategically implemented policies and plans to vitalize its industrial development, innovate financing, encourage low carbon emission and create new industries. BDA
faces challenges in the midst of rapid changes in global industrialization and financing needs during the current China's 12th five-year plan from 2011 to 2015, said Zhang.
He added that BDA
hopes to attract more financial institutions to accelerate the area development through financial innovation, as the local government introduces series of preferential policies for investors.