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Investment Plea to Upgrade Zhongguancun Service Sector

Zhongguancun Science Park in Beijing's Haidian District is striving to attract more investment from home and overseas to improve its service sector. As part of the drive, almost 60 modern service projects were introduced to investors at the recent Key Projects Presentation Fair.

The projects embrace the financial, digital logistics, commerce, entertainment and environmental protection sectors, each of which aid high-tech companies in reducing their operating costs and providing convenient daily services.

Hu Jian, a director with Haidian Development Planning Committee, said a financial corridor will be developed by Haidian government, and that domestic and foreign banks, securities companies, insurance institutions and other financial operators will be welcome to settle in the area, dubbed China's Silicon Valley.

Another planned major project is the 100-hectare Zhongguancun International Mall, the first commercial plaza in the high-tech park and which has a total investment exceeding 100 million yuan (US$12 million). Haidian District authorities have also set up a one-stop service system in the area's Investment Service Center.