beijing cbd

Cultural industries: more than 2,000 internationally renowned media companies have settled in Beijing CBD, such as CCTV, BTV, Phoenix TV, Publicis Groupe, Dentsu, WPP etc. and nearly 200 international media outlets like Wall Street Journal, VOA, CNN and BBC.

High-end business service: there are over 200 world-class high-end service enterprises, including PWC, McKinsey & Co and Accenture, etc.

Located in the Chaoyang District of Beijing, the Beijing Central Business District (Beijing CBD) starts from the East 4th Ring Road in the east, reaches the Dongdaqiao Road in the west, abuts the Tonghui River in the south and adjoins the Chaoyang Road in the north. The State Council approved the Beijing City Master Plan in 1993, proposing “establishing a central business district covering finance, insurance, information, consultation, commerce, culture and business offices” between the East 2nd Ring Road and East 3rd Ring Road.

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Commercial real estate economy: over 20 buildings in the district have earned the LEED certification of gold level or above, and all the buildings under construction are planned and designed as per the three-star green building standard or gold level of LEED certification.

According to The Attractiveness of World-class Business Districts published by World CBD Alliance, EY and ULI in 2017, Beijing CBD ranked the 9th place in the world and the 1st place in China. It has become a world-class place for international conferences, the first choice for foreign-funded organizations to settle in China, international information communication hub, Chinese fashion culture communication center and international fashion culture landmark.

International finance: there are over 100 international financial organizations, including such world’s top banks as Standard Chartered, Deutsche Bank, Bank of Montreal and Bank of East Asia, the Nasdaq and the New York Stock Exchange as well as the China offices of Moody’s, Fitch and S&P, with the district now hosting the most financial organizations covering the most extensive categories in Beijing.

The industrial and spatial forms of Beijing CBD have begun to take shape since 2000 when its construction was started, with increasingly complete modern business functions and enhanced international influence. After years of development, the CBD has now formed an industrial pattern that is led by international finance, dominated by high-end business and clustered with cultural media industry, becoming an area with the most headquarters enterprises and high-end service enterprises in Beijing.

Headquarters economy: there are over 150 enterprises in Fortune Global 500, including the Asia-Pacific headquarters or China headquarters of more than 50 multinational companies, such as Samsung, Shell, Alcoa, Volvo, Epson, Panasonic, Nissan, Prysmian and Canon, etc.

Due to the ongoing COVID-19 outbreak worldwide, the forum was held online, with the largest number of foreign speakers the event had ever seen. Through “cloud dialogues”, guests from around the world discussed topics ranging from how businesses should build their global presence to strategic plans for development in China. The forum is indeed an international, high-level and interactive platform as it is meant to be.

The white paper released at the forum aims to help CBDs improve their stocks and enhance incremental capacity so that they can have greater resilience and attractiveness in the new era. A new concept—dual circulation—was introduced in the white paper. Specifically, it is about two circles: the inner circle composed of industrial enterprises, financial institutions, research institutes and various business service providers within a CBD, and the outer circle consists of four types of international entities related to a CBD, i.e. other first-class CBDs, chambers of commerce of major countries, international organizations and international research institutes.

2020 Beijing CBD Forum opened with a grand ceremony at Asia Financial Center on the afternoon of September 6. At the forum, Boosting the Attractiveness of Global CBDs White Paper V2.0 was released, and the top 20 High-Tech and High-Growth Rising Stars in Chaoyang District was also announced.

Beijing CBD, emerging from the global outbreak of COVID-19 and the growing downward pressure on the global economy, played a more prominent role as a window of Beijing towards the outside world and a stabilizer of the economic conditions of the capital city. In the 2020 Attractiveness of Global Business Districts Report released in May, Beijing CBD jumped to the 7th place from the 9th in 2017, standing proudly as the top-ranking CBD of China once again and performing better on the international arena.

This year's list of top 20 High-Tech and High-Growth Rising Stars in Chaoyang District was announced at the forum for the second time as results of an evaluation of enterprises in terms of their valuation, founding team, technological innovations and ranking in the industry, recognizing outstanding and fast-growing enterprises with high development potentials. Enterprises on the list are mainly technology companies specializing in artificial intelligence, big data and cloud computing, including those engaged in new infrastructure-related industries, such as autonomous driving, Internet of vehicles (IoV), and Internet of Things (IoT). This list attests to the strong development momentum of enterprises in Chaoyang District for innovation-driven growth.

As a specialized forum under the 2020 China International Fair for Trade in Services (CIFTIS), the forum this year aims to guide Beijing CBD towards higher-quality development under the theme of “pursuing greater synergy of international elements toward a world-leading CBD.” The Forum was attended by Wang Bingnan, Vice Minister of Commerce, Yang Jinbai, Vice Mayor of Beijing, Wang Hao, Secretary of the CPC Chaoyang District Committee, and Wen Xian, District Mayor of Chaoyang. The Forum also brought together pundits from political, industrial, financial, academic and service communities to discuss the future development of Beijing CBD. The forum was hosted by Beijing CBD Administration Committee and jointly organized by Beijing International CBD Ecological Alliance, Global Business Districts Innovation Club and China CBD Alliance, with intellectual support from Deloitte China.

In the first half of 2020, the Beijing CBD functional area paid more than 60 billion yuan of tax and achieved 14 billion yuan of revenues at the district level, accounting for over 50 percent of the district's total. The revenues and profits of the tertiary industry accounted for 60 percent and 70 percent of the district's total respectively, demonstrating high-quality development of the economy. According to the chief of Beijing CBD Administration Committee, with a history of 21 years, CBD Forum witnessed fast development of Beijing CBD over the years; Beijing would seize the opportunity of building a national integrated demonstration zone for greater openness in the services sector and a pilot free trade zone, build on its past achievements, go all out to build a first-class international CBD and to create a high ground for Beijing's opening up to the outside world.