SOHO China Ltd. (SEHK: 0410), one of the nation s leading real estate developers, lately raised the curtain on its new commercial & office building in Zhongguancun Science Park, Beijing.
The building is named Zhongguancun SOHO, alias PE Building, which means that such properties will mainly be leased to private equity investors. In fact, the building is regarded as part of Haidian District s efforts to establish the Chinese capital s high-tech financial reform demonstrative zone, according to Lin Fusheng, governor of the district.
With registered capital of CNY 100 million, CNY 500 million and CNY 1billion, financial institutions in the demonstrative zone can enjoy one-off enrollment subsidies of CNY 5 million, CNY 8 million and CNY 10 million, respectively.
Venture capital investors can get office rent subsidies from the government in their first three operating years. Besides, tax rates will also be lowered for local financial companies.
Such preferential policies have made SOHO China optimistic about the prospect the building, according to the chairman Pan Shiyi.
