Yuxiang Area to Build a Modern Financial Center and New Economy Headquarters

On January 9, in Yuxiang area, the core area of Binhai City, a high-quality development promotional event as well as project signing event was held in TEDA Yujiapu Intercontinental Hotel. The promotional event has released “Several Opinions on Supporting the High-Quality Development of Yujiapu-Xiangluowan Area in the Core Area of Binhai City”(hereinafter referred to as the Opinions) and the high-quality development planning program for Yuxiang area. At the event, 21 enterprises, institutions and projects have signed contracts to settle down in the area, with a total investment of 12 billion yuan.

The Opinions have formulated 39 specific policies in ten aspects, including industrial development support, planning and construction innovation support, population and talent introduction support, infrastructure support, innovation and entrepreneurship support as well as financial and taxation support. The Opinions secure a comprehensive and strong policy and support for the high-quality development of Yuxiang area.

According to the development plan, with land of 6.1 square kilometers, Yuxiang area will focus on progressing in science and innovation base, modern finance, new economy, new trade, new shipping and other new industries. A Binhai city saloon, modern financial center and new economy headquarters is rising.

For years, the Tianjin Municipal Committee of CPC put forward the twin-city development strategy of Tianjin City and Binhai City. As the very core of the Binhai City, Yuxiang area has seen radical changes. Up to now, a total of 27,000 enterprises have registered here. Douyin, Lionbridge, Meitu, LinkDoc and many other leading new economy enterprises have gathered around here with a fast pace and more than half of the country’s central SOE factoring companies take root here. China Huadian Corporation, Beijing Gas Group and other powerful central SOEs have came here to set up their functional or regional headquarters. As one of the three major districts in Tianjin Pilot Free Trade Zone, the TEDA CBD has explored and implemented more than 200 innovative policies and replicated and promoted 115 case models from its experience nationwide. In recent years, the actual utilization of foreign investment in Yuxiang area has maintained an average annual growth of 17%, becoming a new high ground for foreign investment growth.