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June 23, 2017

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Qiantang financial city

Source: Shanghai Daily | 00:01 UTC+8 June 23, 2017 | Print Edition

HANGZHOU municipal government announced the opening of Qiantang River Financial City in the south bank of Qiantang River at the 2017 1st Summit of Silk Road International Association on Saturday.

The making of a financial city belt along Qiantang River is a strategic platform for Zhejiang Province during the 13th Five-Year Plan from 2016 to 2020. It aims to promote industry upgrade and transformation. Zhejiang provincial government plans to develop it into a heavyweight financial area in the world.

To realize the goal, Hangzhou plans to focus on the development of Qiantang River Financial City and Xianghu Financial Town. In the future, a series of financial hubs will be set up in Qianjiang New City, Wangjiang and Hangzhou Future Sci-Tech City. The financial hubs will extend around 200 kilometers along Qiantang and Fuchun rivers with the sole purpose of connecting with the Belt and Road and Yangtze River Economic Belt initiatives. A Silk Road International Association will be permanently set up in Xianghu Financial Town. A mother fund of SRIA will also be set up.

 

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