Jiangbeizui Central Business District, located at the heart of Liangjiang New Area, is in a strong position to become a financial hub in China, joining Beijing’s Financial Street and Lujiazui in Shanghai. The CBD is positioned to be an open economy pilot platform in Liangjiang New Area.

Dubbed the “Lujiazui in the upper reaches of the Yantze River”, Jiangbeizui CBD covers an area of five square kilometers and is the only national strategic financial center in the western regions. The CBD aims to attract various financial institutions to transform it into a central financial center in West China within five years and boasts a corporate headquarters-based economy.

A digital rendering of the Jiangbeizui Central Business District shows a modern world in the southwestern China. [Photo/liangjiang.gov.cn]

Finance is the industry with the fastest growth in Liangjiang New Area. Since its establishment, Liangjiang New Area has promoted every effort to build Jiangbeizui CBD and introduce various financial institutions. By the end of 2016, Jinagbeizui attracted more than 730 companies to settle down there to open branches or retain representatives, including some 140 financial companies ranging from banks, security firms, and financial leasing funds.

More than 40 key financial institutions, including China Development Bank, PICC Life Insurance, Southwest Securities, and Korea’s Woori Bank, set up their national headquarters or regional headquarters in Jiangbeizui. A financial cluster has emerged with banks, securities, and insurance agencies as the core. New financial institutions and intermediate service agencies are facilitating each other within the cluster.

Buildings of renowned financial institutions, including China Development Bank, PICC Life Insurance, Huaxia Bank, and Ping An Insurance of China, stand in the core of Jiangbeizui Central Business District of Liangjiang New Area. [Photo/liangjiang.gov.cn]

The Jiangbeizui CBD Investment Group was established in 2005 and is a state-owned enterprise under the administration of Liangjiang New Area. The company focuses on real estate development, engineering construction, and project inspection. It has expanded its international horizons, reaching toward the US, UK, Singapore, and Hong Kong after the Sino-Singapore (Chongqing) Strategic Connectivity Initiative was launched on Jan 8, 2016.

Jiangbeizui has entered a new development phase in the last ten years. Major projects such as the Chongqing Grand Theatre and Central Park have been finished there. The world class Chongqing Science and Technology Museum is also located here.

Dubbed the “Lujiazui in the upper reaches of the Yantze River”, Jiangbeizui CBD sparkles during the nighttime. [Photo/liangjiang.gov.cn]

Edited by Tyler Terrance Oneil