Shijingshan District: The Capital’s Western Gateway
Shijingshan District is working hard towards becoming Beijing's western core and a hotbed for urban construction.
Shijingshan District is located in the west of Beijing, just 14 kilometres (km) from Tian'anmen Square, and covers an area of 84.38 square kilometres (sq.km).
In Beijing's urban master plan, Shijingshan District is defined as a national-level industrial transformation demonstration area, a comprehensive service area in the west of Beijing and an ecologically liveable demonstration area combining mountain and water cultures. The Beijing Organising Committee for the 2022 Olympic and Paralympic Winter Games has established its headquarters in Shougang Park (the former site of the stateowned steel company, Shougang Group) in Shijingshan District, turning the park into a new landmark of the district. The move has also become a model for industrial transformation and a driver of local economic and social development. As the western gateway to the capital, Shijingshan is committed to building a national, civilised district and expediting its development in an environmentally friendly way.
Industrial Transformation via Green Development
Shijingshan District was formerly a junction on the ancient road network in west Beijing and is a famous Buddhist pilgrimage site in China. After the founding of the People's Republic of China, the district played a leading role in the country's industrial development.
In 2005, in preparation for the Beijing 2008 Olympic Games and to align with the capital's strategic reorientation, Shijingshan began closing its industrial factories and phasing out its outdated industrial capacity. Afterwards, there was rapid development in advanced sectors involving finance, high-technology, culture and creativity. As a result, the ratio between secondary and tertiary industries has reversed over the past decade from 7:3 to 3:7. The State Council of China honoured the district as a “model of industrial transformation among old industrial bases.” Shijingshan has been recognised as a national-level industrial transformation demonstration area.
In the first half of 2018, Shijingshan's financial, high-technology, and cultural and creative economic mainstay sectors grew by 20 percent, 17 percent and 30.6 percent year-on-year, respectively, accounting for 74.6 percent of the district's economy. Together, they contributed to 112.1 percent of Shijingshan's economic growth and 77.2 percent of its fiscal revenues, supporting the constant and sound development of the local economy.
Shijingshan's modern financial sector has witnessed rapid development, with many prestigious financial institutions moving their bases to the district, including China Insurance Information Technology Management Co., Ltd. (CIITC), China Everbright Bank Credit Card Centre, Huaxia Bank Credit Card Center, National Bank Card Test Center and Beijing Shougang Fund Co., Ltd. Over 100 financial institutions have a presence in the district. They have contributed over a third of the local economy.
Shijingshan's high-tech sector has prominent characteristics. The district is home to clusters of new-generation information technology companies including industrial Internet, virtual reality, augmented reality and artificial intelligence start-ups. By the end of 2017, Shijingshan had 748 high-tech companies, a year-onyear increase of 21.5 percent. The income from high-tech companies represented 60.9 percent of the total income of all enterprises in Shijingshan's high-tech parks—an increase of seven percentage points compared with the same period in 2016.
Shijingshan's cultural and creative sector has steadily developed. As one of the district's leading sectors, it has attracted a range of companies working in animation, online games, digital film and TV, and creative design. In 2017, Shijingshan's 196 cultural and creative companies above designated size yielded a total income of 42.91 billion yuan, an increase of 14.6 percent year-on-year; and their total profits reached 6.33 billion yuan, up 55.1 percent year-on-year.
Well-defined Development Goals
According to Beijing's new master plan, Shijingshan District is strategically oriented as part of the capital's central urban area. Shougang Park is a new landmark in the district's rejuvenation in the new era and helps form a high-end industrial structure together with other key industrial parks including Beijing Banking & Insurance Business Park and Beijing's innovation park for overseas Chinese. After the Beijing 2022 Organising Committee moved into Shougang Park, national teams, training venues and other Olympic projects followed suit. The Beijing 2022 Winter Games is expected to drive Shijingshan's development as the capital's new calling card for international exchanges.
Shougang Park is located at the westernmost end of Chang'an Avenue and covers an area of 8.63 sq.km, featuring the only large-scale land plot approved for comprehensive development in Beijing's urban area. The Beijing 2022 Organising Committee has set up its base here and four training venues for short track speed skating, figure skating, curling and ice hockey have been constructed and brought into service. Additionally, the park also accommodates the Big Air facility for Beijing 2022. It plans to focus on three major sectors: sports plus, digital intelligence, and culture and creativity, and shape an industrial system to upgrade consumption, create intelligent scenarios, launch green financial services and build an “international Shougang talent community.”
The Beijing Banking & Insurance Business Park is located on the north side of the extension of Chang'an Avenue in Shijingshan District, covers an area of 950,000 sq.m, and was China's first industrial park to be constructed under the highest green architectural standards. The park officially opened at the first China Banking and Insurance International Summit Forum. The Several Measures on Driving the Innovative Development of Beijing Banking & Insurance Business Park has been issued. The park will serve as a base for Chinese and overseas financial holding groups, licensed financial institutions and financial infrastructure platforms and is home to 20 organisations including CIITC. In the future, the park will develop as a national-level financial cluster, banking and insurance innovation demonstration area as well as a banking and insurance culture incubator with banking and insurance as its core.
Beijing's innovation park for overseas Chinese is an innovation cluster jointly built by the Overseas Chinese Affairs Office of the State Council and the Beijing Municipal Government, with a planned area of 13.34 sq.km. The park is designed to serve overseas Chinese innovation, cooperate with the Shijingshan Park of Zhongguancun Science Park and create an optimal environment for overseas Chinese innovation. So far, more than 100 companies funded by overseas Chinese have clustered in the park, covering several cutting-edge sectors such as big data, intelligent medical treatment and intelligent manufacturing. In addition, the park contains several sub-parks such as those for the demonstration of opening-up and expanding services, and mass innovation. The park functions as a service platform for the sharing of overseas Chinese companies' resources and the commercialisation of scientific and technological achievements.
Shijingshan District continues to implement Beijing's policies on optimising the business environment, helping companies meet the World Bank's favourable conditions and improving the district's commercial environment. The district first piloted reforms in the registration system in Beijing and launched precision services for companies, including by establishing the city's first corporate financial service platform for banking and insurance companies, issuing financial service and healthcare cards, and constructing apartments for talented personnel, to meet the living needs of high-level talent.
Shijingshan is focused on satisfying the demands of companies, optimising its business environment and expediting the clustering of cutting-edge sectors. It has introduced 19 policies regarding public services, industrial development and the development of parks. To attract more companies, the district provides important projects and companies with favourable conditions such as equity investment and subsidises those that have contributed to the local economy and innovation when they engage in technical renovation and innovation. To attract high-level talent, it issues “Shijingshan talent green cards” and establishes a special service security fund to offer high-level professionals with comprehensive services in academic research, health and children's education. The district also encourages the growth and development of industrial platforms by subsidising the preliminary operation of industrial chains. Shijingshan has taken many steps to support companies with preferential policies by creating an optimal business environment and guiding important companies towards high-end and cutting-edge development models.
Shijingshan District will fulfill Beijing's urban master plan; take the opportunity offered by the 2022 Winter Olympic Games to improve its environment and attract more companies; and develop into a development core in western Beijing and a hotbed for investment in Beijing's central urban area.