The Riverside Park near Qiantang River Century City will soon open to visitors after its main structure was completed recently.
With a total investment of CNY 1.6 billion, the first public-private partnership project in Xiaoshan will have business spaces as well as natural landscape, including 80,000-sqm business complex and over 2,000 parking places.
What is more worth looking forward to would be the park’s financial functions. Being part of the Qiantang River Financial City, the park hosts to some buildings that will be headquarters of some companies.
The provincial government released the “Qiantang River Financial Bay Development Plan” on Dec 26, 2016, according to which the Qiantang River Financial City will be the core area, and Xiang Lake Financial Town is also an important area.
The Qiantang River Financial City covers an area of 2 square kilometers, and is situated in the CBD of the city on the south of Qiantang River. It will develop bulk commodity trade exchange, warehouse receipt transaction center, asset management, wealth management, internet finance and industrial finance services, inviting banks, securities firms, future firms, insurance companies and trust firms to move their headquarters to the city. The city aims to become a new financial center of Zhejiang.
The city has built commercial buildings with total floor area of 800,000 sqm in the core area to introduce companies in financial industry. Xiaoshan started planning the financial city four years ago. The financial city aims to boost physical economy through financial services. Xiang Lake Financial Town will focus on equity investment in emerging industries. Qiantang River South Financial Tech Base is dedicated to the development of big data-driven advanced manufacturing industries.
Xiaoshan has introduced over 260 investment institutions including CDH Fund, Sequoia China, Oriental Fortune Capital, and Haier Financial Holdings, which manage a total asset of over CNY 50 billion. The World Credit Rating Forum will be held in Xiaoshan this year.