Financial Areas to be Constructed in the City
Shenzhen is planning to construct three financial areas around the city intending to become the national finance center by 2015. According to a reform made by the modern service industry, the three areas are Caiwuwei in Louhu District, the Central Business District in Futian and Qianhai-Houhai are in Nanshan.
The centers will focus mainly on the capital market, wealth management and business investment of the city, the value of the financial industry will add 15 percent to the city’s GDP by 2015. Foreign organizations are encouraged to set up more offices and headquarters in the city of Shenzhen. Louhu District will be promoting urban renewal and is set to become an international shopping center in five years.
Shenzhen will also be building a modern service industry system that is highly efficient and profit is expected to be attained in three to five years. The added value of the service industry is expected to reach 900 billion yuan.
Aside from the city’s financial areas, the city is striving to become a global logistics hub that revolves around the development of the Shenzhen Port and Shenzhen Airport. Commercial areas that are found around the Shenzhen North Railway Station, the East coastal and downtown areas will be promoted through tourism.