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Qianhai Shenzhen-Hong Kong Fund Town, the first fund town of its kind in China’s free trade zones, announced its opening Thursday.
The fund town, which is located within the Qianhai Times project, has been co-developed by Qianhai Financial Holdings and Shenzhen Metro Group. It is now offering 28 villas and one complex for enterprises.
According to the management organization, 12 companies, including the Qianhai Financial Holdings, China (Shenzhen) Intellectual Property Right Protection Center, United Bank of Switzerland (Qianhai), Guang Fa (GF) Securities, Bank of Ningbo, Shenzhen Koon Kwan Cheuk Yuet Investment Management Co. Ltd. and Everest Venture Capital, have already settled in the town, and more than 60 well-known financial institutions have signed agreements to move in soon.
Li Qiang, chairman of Qianhai Financial Holdings, said the developers aim to build a world-class fund industrial cluster and cross-border capital management center, and have created a new coordinated development platform for Qianhai industries.
Peng Baicheng, investment director of Shenzhen Koon Kwan Cheuk Yuet Investment Management Co. Ltd., said the working environment of the fund town is much better than in other high-rise buildings. As a secondary fund investor, his company is expected to communicate more with related enterprises and Qianhai has provided more opportunities for his company to connect with Hong Kong.
“The fund town has created a great financial platform for us,” said Zhang Ruomin, general manager of GF Securities, “because it has formed a complete chain for the financial companies. Also, we are satisfied with the professional services it provides.”
Located close to the Metro (Liyumen Station), the town is surrounded by a sports park, apartment buildings, kindergartens, gyms, a hotel and dining facilities.
The town has a strict standard for tenants. Companies with high-risk business, such as P2P and small loans, are not allowed to enter.