Beijing, China News

About Beijing, China

Beijing is the financial decision making and macroeconomic control center of China.

Central banks such as the People's bank of China, the Banking Surveillance Committee of China, the Security Surveillance Committee of China, the Insurance Surveillance Committee of Chian, and other major banking institutions including policy related banks, commercial banks and commercial insurance institutions have established their head office in Beijing.

The 30-odd banking institutions and over 650 domestic and foreign enterprises located in the Banking Street of Beijing are controlling the operation of 90% of the credit funds and 65% of the insurance funds in China.

Beijing is the region with the most significant head office economic effect in China. Numerous head offices of nationwide corporations and trade unions are collectively located in Beijing.

With the incessant occurrence of business and social activities both internationally and domestically, a large volume of social and economic information is generated every day.

Of the global top 500 enterprises, 58% have established their representative agencies and offices in Beijing. Of all the foreign invested enterprises, 57% have set up their head offices in Beijing.

Beijing is the city with the most flourishing and developed science and technology, education and culture in China. Beijing has over 4000 scientific research institutions and 73 colleges and universities, with a total of 460,000 college and university students, 120,000 postgraduate students and 260,000 secondary vocational study students.

The ratio of the total students of colleges, universities and above to the total population in Beijing reaches 3.98%. Beijing is the largest scientific research base nationwide and an important collecting and distributing center of both domestic and international scientific and technological information.

Beijing is increasingly becoming known for its innovative entrepreneurs and high-growth start-ups. This culture is backed by a large community of both Chinese and foreign venture capital firms, such as Sequoia Capital, whose head office in China resides in Chaoyang, Beijing.

Though Shanghai is seen as the economic centre of China, this is typically based on the numerous large corporations based there, rather than as a centre for Chinese entrepreneurship.

Other Major Cities:

• Shanghai
• Guangzhou
• Tianjin
• Wuhan
• Shenzhen
• Chongqing
• Shenyang
• Chengdu
• Foshan
• Xi'an
• Dongguan
• Nanjing
• Harbin
• Hong Kong