Guizhou Financial City is a core project of Guizhou province to implement its strategy of "bringing in investment to Guizhou" during the 12th Five-Year Plan (2011-15). It is also an important carrier to speed up Guizhou's financial industry and to build its provincial capital Guiyang into a regional financial center with important influence in western China.
The project has a planned area of 2,45 million square meters, with a floor space of 7.89 million square meters and investment totaling 45 billion yuan ($6.36 billion).
It will be completed in four phases. A building for financial headquarters with a total floor area of 3.09 million sq m will be built in the initial phase. At present, it has been basically completed except for the twin towers.
The second phase includes supporting residential buildings, apartments and office buildings, with a planned floor space of 2.72 million square meters. About 2.3 million square meters have been built and delivered. The phase is expected to be completed by the end of 2019.
The third and fourth phases are located in the north of the financial city, where supporting residential and commercial office buildings, commercial supporting facilities gather.
The planning, land development and other preliminary preparations are underway.
More than 1,500 enterprises have registered and settled in the area, including 32 headquarters of traditional financial institutions and regional headquarters of enterprises (17 banks, eight insurance companies, six players in the securities industry and one fiduciary institution), 173 new financial institutions, and 83 financial intermediaries.
With banking, securities and insurance as its foundation, the financial city constitutes an industrial layout featuring data, internet, and sci-tech finance.