Facebook Twitter 新浪微博 Instagram YouTube Thursday, Dec 29, 2016

Chinese cities rush to build financial towns in vein of Wall Street, Silicon Valley

(People's Daily Online)    17:13, December 29, 2016

On Dec. 27, Suzhou High-Tech Zone formally announced the establishment of Taihu Jingu Financial Town. A total of 10 billion RMB ($1.4 billion) will be invested for comprehensive development. This is the latest emergent financial town in China.

The official website of the Suzhou High-Tech Zone said it is the only financial town among the first 15 featured towns in Suzhou, covering a planning area of about 3 square kilometers. The zone also issued a series of preferential policies to attract financial enterprises and fund management companies.

According to Thepaper.cn, before the town was built, many places in China, including Beijing, Ningbo, Hangzhou, Shanghai, Jiangsu and Anhui, had set up their own financial zones to promote the construction of small towns.

The Suzhou financial town will follow the mode of Silicon Valley, integrating ecology, finance, science and technology, industry and culture to encourage joint innovation. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Bianji)

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