Beijing Financial Enterprises to dig new development space in Tianjin

Container cars drive through the gate of Tianjin Dongjiang Free Trade Port. December 11, 2007. [Photo/IC]

Under the big picture of Beijing-Tianjin-Hebei integration, like manufacturing enterprises, Beijing financial enterprises also are digging new development space in the two regions.

More than 20 Beijing competitive finance enterprises witnessed the signing of Li Yun's company settling in the Tianjin Dongjiang Free Trade Port Zone, during the "Beijing Financial Enterprises Go into Dongjiang Business Talk and Project Signing", held on May 22 in Tianjin.

Tianjin Dongjiang Free Trade Port was established by the approval of China's State Council in 2006. It has an area of 10-square-kilometers,, which is the largest free trade port located in Tianjin Binhai new area.

"We are deeply encouraged and attracted by the integration of Beijing, Tianjin and Hebei," says Li Yun, general manager of China Finance Equipment Leasing Co Ltd, "and we will conduct more business in Tianjin".

In Tianjin, Li's company will mainly focus on the financing and leasing projects of high-tech industries.

In addition, many other Beijing companies in attendance all expressed their intention to carry out financial business in Tianjin Dongjiang Free Trade Port Zone.

Shen Lei, Vice Chairman of Administrative Commission of Tianjin Dongjiang Free Trade Port Zone said that Beijing companies account for 30% to 40% of companies registered in the Zone, with a total capital rate of 60%.

By the end of April this year, 638 leasing companies had registered in Dongjiang Free Trade Port Zone, with a total registered capital of 22.7 billion yuan.