Binhai CBD Announces 2015 Q1 Figures; Welcomes New Tenants

TIANJIN, China, May 12, 2015 /PRNewswire/ -- Binhai CBD recently released its results for Q1 2015, including details of a recent new tenant signing ceremony, and following the announcement by the central government of the establishment of a Free Trade Zone (FTZ) in Tianjin.

Zheng Weiming, Chairman of CBD's Administrative Committee, announced that in Q1 2015, new tenants of the CBD amounted to 501, up 280% YoY. Of the 501 new tenants, 36 companies had respective registered capital in excess of RMB 50 mln. Currently over 600 tenants in CBD are in financial services sector, out of the total of over 4,000 tenants in modern services sector.

The results were announced soon after a new FTZ in Tianjin was announced by the central government. The Binhai CBD is at the heart of this FTZ, and situated among a cluster of sibling zones within Binhai New Area that will serve as the engine for the Tianjin FTZ, attracting capital and talent, and stimulating economic activity and growth through the Tianjin-Hebei-Beijing area and beyond.

It is also at a strategic point in the "One Road, One Belt" initiative, sitting at the juncture of the Silk Road corridor and the Maritime Belt.

Mr. Zheng also oversaw a signing ceremony to officially welcome 28 new tenants to the CBD.

"I'm very glad that the first batch of tenants represented at today's signing ceremony are at the cutting edge of areas ranging from headquarter economy, innovative financial services, international trading and R&D services, and e-commerce and management consulting," said Mr. Zheng. "Together, they have total registered capital of over RMB 11 bln. Among them, 16 of the 28 tenants are in the financial services sector, accounting for 60% of the total number of signing companies today.

"I believe these companies will capitalize upon the unprecedented historic opportunities triggered by such initiatives as Beijing-Tianjin-Hebei integration, the Tianjin FTZ, and the cross-Bohai economic development blueprint," Mr Zheng continues. "Their progress in product innovation, business models and service brands will help instill a great deal of dynamism and robustness, and showcase national financial innovation and service sector development."

The new companies include sector leaders such as Hua Insurance, ranked among the top four insurers in China with over 400 branches across the nation. In 2014, Hua Insurance's total policy income was RMB 71.5 bln. The company registered its headquarter in Tianjin CBD in 2012. Other new tenants include KinCheng Bank of Tianjin (KCB), which specializes in serving science and technology micro-, small- and medium-sized enterprises and internet finance service providers; Lion Capital Management, which as of March 2014 managed 37 public funds and assets exceeding RMB 65 bln; China Citic Financial Leasing, which is committed to providing leasing services to clean energy, smartcity building, healthcare for the elderly; Ping An Bank's logistics financing services division; and MasterLink Securities, which was among the first batch of Taiwan securities brokerage houses to set up business in mainland China.

SOURCE Tianjin Binhai CBD