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Beijing E-Town inked RMB 25.8 bln deals to boost its financial industry

Jun. 18, 2012 (China Knowledge) - Beijing E-Town, a triple-A rated Industrial Park, recently inked 15 projects with a total investment of RMB 25.8 billion at the signing ceremony of China Financial Summit held in Beijing.

These 15 projects include Beijing Industrial Finance HQ and the Strategic Emerging Industry Innovators Platform, Beijing Telecommunication Data Center, and Beijing Tianhai HQ and its production base. With the advantage of such high quality investments from these projects it will greatly improve Beijing E-Town's core competitiveness in the financial industry.

Yuanchen Beijing International Investment Group is pouring RMB 8 billion for setting up the Beijing Industrial Finance HQ and Strategic Emerging Industry Innovators Platform in the Beijing E-Town. After completion, 300 financial institutions and 200 innovation companies will set up their headquarters and R&D centers in the area.

Beijing E-Town's financial industry still has ample space for development and in the next three years, and its investments could exceed RMB 500 billion, said Zhang Boxu, director of BDA's administrative committee.

Beijing E-Town aims to attract more financial institutions such as fund management and investment companies. A series of preferential policies will be released in coming months to increase its attractiveness, Zhang added.

At the end of 2011, 23 banking institutions, 2 rural-bank headquarters, 8 credit guarantee companies, 4 small-loan lenders, 4 shares-exchange centers and 15 fund management companies had settled in Beijing E-Town's, and formed a comprehensive financial service system in the area.

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