Qingchun Road is often called Hangzhou's "Wall Street" because many bank branches are located in the area. With the improving national economy, a new influx of financial institutions is appearing on Hangzhou’s another "Wall Street" - Hangzhou’s Yellow Dragon Central Business District (CBD). On Jan 18, HSBC opened its second high-end consumer banking service center in Hangzhou’s Yellow Dragon CBD.

The Yellow Dragon CBD encompasses 430 thousand sq m, stretching from Hangda Road in the east and Yugu Road in the west to Shuguang Road in the north and Tianmushan Road in the south. Along the Hangda Road are branches of HSBC, City Bank, Bank of China, and China Merchants Bank.

According to businessmen, the Yellow Dragon CBD is developing into a core center for the exhibition industry, real estate industry and financial industry. Statistics show that more than 90 percent of the area’s buildings have been leased to more than 960 companies. More than 95 percent of those businesses make up the modern services industry, including real estate, security business and financial industry operations.

A high occupancy rate has created an integrated industrial chain, more opportunities and expanded customer resources, business sources said. Local companies also are becoming neighbors to internationally known firms. Jiahua International Business Center, for example, is located next to IBM, Siemens, Novartis, Dell, Hewlett-Packard, Oracle, Johnson & Johnson and Toshiba offices.

By Hu Yanxiang

Editor: Xie Fang