(teda.gov.cn)Binhai Financial Street

Binhai Financial Street accommodates the representative offices of many multinational corporations mainly in 3 industries: financing, petroleum and communications. Among them there are 11 Fortune 500 companies. 50% of the offices in the Financial Street have been taken.

Tianjin’s Financial Landscape

A total of 2,962 financial outlets are operating in Tianjin, employing 46,100 people. Among these outlets there are 1,548 of banking nature, including 20 run by foreign banks 11 of which have been granted the right of RMB transactions. There are also 75 securities transactions outlets, 12 futures transactions outlets, 2 investment consultancy companies and 427 outlets of insurance nature. Financial transactions are quiet lively. Tianjin ranks first in term of financing capability in the country. The city is becoming northern China’s commercial, trading and financial center. In addition, Sunlight Everbright from Canada, one of the Fortune 500 companies, established its foothold in Tianjin in 2002 by forming northern China’s first Sino-foreign life insurance joint venture. In 2005, Huaxia Bank, Minsheng Banking Corporation, Bohai Property Insurance opened for business and Tianjin Countryside Cooperative Bank was formed in TEDA.

Tianjin Binhai New Area

Binhai New Area has 415 financial outlets, including 55 of banking nature, 4 of securities and 7 of insurance nature, employing 5,418 people. There are also 4 accounting firms, 1 industrial and commercial agency, 4 customs declaration agencies, and 5 advertising companies.