Home Facts beijing

Financial Street, a business card of the city

Financial Street, a business card of the city

Write: Maruti [2011-05-20]

Financial Street, a business card of the city

Liu Qi, secretary of the municipal party committee, and Guo Jinlong, the major of Beijing, carried out a study on the development of Financial Street in Xicheng district. Located near the west 2nd ring road, the Financial Street is one of the six functional areas of high-end industries in Beijng. Here gathers the most essential financial resources in the country, including 152 headquaters and regional headquaters of enterprises and banks. In the year of 2009, tertiary tax of Financial Street amounted to 170.72 billion yuan, accounting fo r28.4% of the municipal figure. The per square meter collected tax reached 42,300 yuan, making the area a business card of the city.

The Winland International Financial Center in Financial Street, with Goldman Sachs Group, J.P.Morgan, Rothschild Bank, Blackstone Group and other companies stationed inside, is one of the buildings that gathers the greatest number of world top financial institutions in the world. As the institutions companies in WInland are mostly operating 24 hours a day, and the building is always brilliantly illuminated, people now sometimes call it the building of Nessun dorma.

After inspecting the Financial Street, municipal leaders spoke highly of the achievements made during the construction of the street, and called on related departments further efforts to develop the area on the basis of a quicker transition of economic developing pattern and sustainable development. The government of Xicheng district is required to carry out more creative works on development, construction and administration, making the efforts of building People s Beijing, Hi-tech Beijing, Green Beijing fully reflected in Xicheng.