As the development of the "Two Zones" (China (Beijing) Pilot Free Trade Zone and the National Integrated Demonstration Zone for Opening up the Services Sector) in the Beijing Municipal Administrative Center is speeding up, the Canal Business District has, based on an industrial positioning of "finance plus headquarters", welcomed over 14,000 institutions of various kinds so far with a total registered capital of CNY 400 billion, which has laid an industrial foundation for building the Beijing Municipal Administrative Center into a global wealth management center and a global green financial center.    

With a total planning area of 20.38 square kilometers, the Canal Business District is composed of three areas, namely, the core start-up area, the new city financial service park and the 0101 city block. Currently, 630.35 square meters of the Canal Business District can be utilized for industrial use, with 52 subprojects of the existing infrastructures and public service facilities in the core start-up area.

In terms of transportation facilities, three metro stations have been set up in the region, among which Tongzhou Beiguan Station and Beiyunhe West Station have been put into operation, and the construction of Tongyunmen Station has been completed. Meanwhile, Wengcheng(Baribican Entrance) Relics Park is also included in the planning of this land parcel and its groundbreaking ceremony is scheduled for next year. It is estimated that in 2024, the park and Tongyunmen Station will be open to the public at the same time.    

It is reported that by the end of the 14th Five-Year Plan period, the construction of the core start-up area of the Canal Business District will be finished and all the projects there will be completed and put into operation. The total area of construction will be not less than 6.86 million square meters and over 150 asset management institutions will gather in this area. By then, the area will have emerged as a world renowned financial city.     

(Note: Content source is from people.cn.)