To strengthen the attraction to investment and improve the investment environment, Beijing will go all out to build the urban functional districts, so as to form a rational multi-level layout to attract foreign investment.
So far, a structure composed of Zhongguancun Science Park, Beijing Economic-Technological Development Area, Beijing Tianzhu Export Processing Area, Central Business District, Financial Street and Industrial Development Areas, which are well coordinated and developing supplementary to each other, has taken shape in Beijing.
Zhongguancun Science Park is the earliest national high-tech industry development area of China. Its focal point in attracting investment is to attract domestic and foreign investors to set up high-tech enterprises, R&D centers, incubator, and intermediary institutions in the Park, and thereby to make Zhongguancun Science Park a innovation and achievement transferring base.
Over years of development, Beijing Economic-Technological Development Area has become an important area that multinationals and world-renowned firms pile into. It has formalized an industrial structure characterized by pharmaceutical, IT, optical, mechanical & electronic integration and new-type materials industries. By attracting more multinational investment, the Development Area is expected to become a high-tech manufacture-oriented industrial base
Beijing Tianzhu Export Processing Area takes electronic communication, warehousing & free trade as well as aviation-related industries as its major industries, and encourages the development of pharmaceutical, machinery, fine chemical, biological engineering and new-type materials industries. As the first national airport free trade zone, the Area will further improve the investment environment and build itself into an international-level high-tech industrial area.
Central Business District (CBD) is a key open area of Beijing. It functions mainly as site for headquarters of domestic and foreign renowned companies, financial institutions and intermediary institutions. While developing related supporting service industries, CBD will finally become one of the control centers in economic circuit in Asia Pacific region and the whole world. Currently engaged in the preparation work for the key projects of "core area", World Trade Tower ?and Beijing Fortune Center, CBD has got into the accelerative development stage.
Financial Street in Xicheng District has become the most influential area to China's financial industry. Gathering 530 domestic financial institutions and reputable companies that manage 1,300-billion RMB assets, Financial Street controls 90% credit fund and 65% insurance fund of the country.
Additionally, Beijing has ratified to set up 10 city-level and 50 town-level industrial development areas to specially absorb relocated urban industrial companies and foreign investment to develop processing and manufacturing industries. These industrial development areas, in combination with small-town construction, will become the major impetus in accelerating the urbanization process of Beijing's rural areas.
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