Beijing Central Business District

Beijing Central Business District (CBD) was stated in the Urban Master Plan of Beijing Municipality, approved by the State Council in 1993, that Beijing Central Business District is in the eastern part of Beijing, with a total area of 4 square kilometers.

 

This area has unique district advantages, perfect infrastructure facilities, rich land resources and vibrant business atmosphere. The total number of the enterprises in CBD is about 3000, with 500 multinational corporations, 570 foreign representative offices, 150 foreign-funded banks, insurance companies and agencies as well as 200 intermediary services. There are more than 3 million square meters of the existing business infrastructure facilities, including China World Trade Center, Motorola Plaza, the kerry Center, Hewlett Packard Plaza, Jianguo Hotel where accommodate hundreds of famous multinational companies and financial agencies, such as Motorola, Hewlett Packard, Ford, Samsung, BNP Parisbas Group, UBS AG. Currently, among 160 of the world’s Top 500 enterprises with their operations in Beijing, more than 120 have set up offices in the CBD and its surrounding areas.

The total construction area of Beijing CBD is some 10 million square meters, of which 50% is office buildings, 25% is apartments and the remainder 25% is commercial, service, cultural and entertainment facilities. The multi-functional design will make the CBD full of activity 24 hours a day. At present, 14 projects are under review or construction with a total construction area of 4.36 million square meters and a total investment of 47.6 billion RMB Yuan. Based on successful experience of the international CBDs, Beijing CBD will aim at becoming an ecological, cultural and international CBD.

To accelerate the construction process of Beijing CBD, Beijing Municipal Government decided to establish Beijing CBD Administrative Commission in charge of formulating development plans and related policies, drawing up detailed urban plan of the CBD, reviewing and approving the big construction projects in the CBD.

To construct a first-class international CBD in Beijing, Beijing Municipal Government launched an international public tender for Beijing CBD Planning Schemes in December of 2000 and formed the final urban plans based on the advanced planning idea and designing concepts of the collected schemes. The CBD Commission also entrusted some famous international companies to make individual plans of traffic, municipal infrastructure, information network, environment and landscape. Beijing Municipal Government has approved the Provisional Measures to Accelerate the Construction of Beijing CBD, which covers the policies of planning administration, land development, infrastructure construction, industrial orientation and investment environment.

According to WTO regulations and international practices, the CBD Commission will adjust the government administrative functions and mechanism in social and economic affairs within CBD. We hope to enhance the exchange and cooperation between Beijing CBD and international CBDs, meanwhile provide a business platform for the foreign companies to expand their operations in Beijing and in China.

 

McKinsey & Company - World's largest strategy management consulting firms
Price Waterhouse Coopers -World's largest accountants company
U.S. Gallup Organization - World's best-known market research company
Dow Jones & Company - World's best-known information services company in the financial markets
Ogilvy & Mather - World's largest advertising services company
CB Richard Ellis Inc.- World's largest investment real estate property management company
Brilliant international - World's largest human resources services company

With the world's top 500 enterprises and transnational corporations in Beijing CBD area parallel move is the world's leading high-end information services enterprise groups, they provide professional and international services on strategic management, marketing, advertising communication, market research, legal advice, accounting, audit and human resources, which act as the most important component in international economic and trade development.

The world's best-known of them are rooted in the business for long-term operation in Beijing CBD.

At present, within the CBD to the representative of the regional headquarters for the business services sector accounted for 60% of the total number of enterprises, and the high-end enterprise business industry in the region have formed a relatively complete industrial chain, and have set up a great international business industrial environment.

 

As Beijing is becoming one of the most important international financial centers in China, Beijing CBD was recently positioned as the secondary core area in Beijing's International Financial Center Development strategic plan published in May, 2008. Beijing CBD is also emerging as China's media center as Beijing Television Station (BTV) just moved in its new headquarters (Beijing TV Centre) in this area and the new CCTV Headquarters had been completed by the end of 2008.

 

In the eight years since the government decided to speed up construction of the district, the Beijing CBD has attracted 117 Fortune 500 businesses in the financial, media, information technology, consulting and service industries. More than 60 percent of overseas-funded companies in Beijing are in the CBD. A majority of foreign embassies in Beijing - the No 1, No 2 and No 3 embassy districts are now concentrated in the Beijing CBD and its neighboring areas.

 

The Beijing CBD Administrative Committee, established in 2001, is in charge of planning and management and aims to facilitate investments and improve the work environment for professionals. The committee provides information to investors on laws, taxes and state policies as well as a one-stop service, which has simplified approval procedures and raised efficiency.

 

The establishment of the Beijing CBD Chamber of Finance, the Beijing CBD Chamber of Media Industry and Beijing CBD Association of Property Management & Real Estate Development has facilitated communication and cooperation between the government and enterprises. The Beijing CBD International Business Festival and Beijing CBD International Forum have put the Beijing CBD on the map worldwide.