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Dalian powering ahead as financial heavyweight
By Han Tianyang (China Daily)
Updated: 2009-09-11 07:49
Its plan calls for accelerated efforts to become a regional financial center that will both serve and benefit from international shipping and logistics as well as modern industries. Dalian plans to further develop financial services such as futures, financing, insurance, offshore financial services and intermediary services. According to the city's development plan, the financial industry will have five dedicated areas including Zhongshan CBD and Xinghai Financial Town as core areas, both north and south Lushun Road as bases for support services, and a bonded area near Dayaowan Port as the offshore financial center. Dalian aims to first develop a financial center for northeast China and that will evolve into a financial hub for Northeast Asia, with a number of modern financial institutions, a market system, a strong team of professionals familiar with modern financial services and a good business environment to support the industry. To reach the ambitious goals, the local government will increase policy support to the financial industry, deepen financial reform, promote financial innovation and make the industry more open to both domestic and overseas businesses. |