Qianhai's fund town ready for use in 2017

Source :Tan Yifan

Financial talents and firms can move into the Qianhai Shenzhen-Hong Kong Fund Town, a Greenwich-like financial hub at the heart of Qianhai, by the second half of 2017, according to a strategic cooperation agreement signed by Shenzhen Qianhai Financial Holdings Co. and Shenzhen Metro Group Co. yesterday.

The companies said they will join hands to turn the town into a financial center that can connect overseas financial hubs and act as a pivot for China's fund towns.

Both of the parties will also incorporate a joint venture --- Qianhai Shenzhen-Hong Kong Fund Town Development Ltd. ---- to further cooperate on Qianhai Times real estate, other commercial properties and other domestic fund towns. They also expect to share their experience of combining finance with real estate across the country.

According to their plans, the town will be located in the center of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, occupying a floor space of 95,000 square meters. There will be 29 quality company villas, including one fund roadshow hall, two investor clubs, a cluster of intermediate institutions, two high-end dining areas and one staff cafe.

The design of the town is said to take famous "fund towns" Sand Hill Road and Greenwich as references. Its financial industry will focus on venture capital investment, hedge funds, large capital management and fund industry chain services. It aims to redistribute Shenzhen and Hong Kong resources, support the development of local financial and technology companies and make Qianhai a financial hub, attracting global capital.

Set up in 2010 by the Qianhai Authority, Qianhai Financial Holdings is an agency that aims to facilitate partnerships for financial innovation in Qianhai.

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2016-10-11 16:49:00