In order to improve the finance innovation, andmeet the requirements of the modern financialservice system, Tianjin is planning to spend 5to 10 years to develop Yujia Pu area into a leadingfinance innovation center at internationallevel.

Yujia Pu is an important part in the centralcommercial area of the Binhai New Area. Coveringthe area of 3.46 square kilometers, YujiaPu locates in the north shore of Haihe in TangguDistrict, and the rest parts are surroundedby the sea.

It is a crucial step for Tianjin Municipal Governmentto implement the central government’sdecision of developing the Binhai New Area. Ithas the great significance for Tianjin to improvetheir financial service capacity, thus becomethe finance center in North China.

In order to learn more about township planningexperience from domestic and overseas,Tianjin organized the urban design competitionworldwide for Yujia Pu township design withthe help of International union of Architects.This worldwide competition took 7 months. Accordingto the adjusted function identification,Yujia Pu has its initial plan for their townshipdesign, which is based on the competition andinternational consultancy.

The idea for the township design is to build acentral street with the clusters urban structurearound. It is further divided into different areasby the nature of regional functions, includingexhibition sector, modern finance, traditionalfinance, education and training sector, commercialbuildings, etc.. The overall construction areafor these buildings is 7.22 million square meters.

According to the requirements of the overallplan, Yujia Pu takes the initial construction areaas priority, and makes further development stepby step. They adopt the method of constructingwhile making use of the completed buildings.The overall plan is as follows: one year for initialdevelopment, three years for overall construction,five years to establish the general scale,and ten years to finish the project.

Yujia Pu has finished 99.9 percent of the residencemovement and resettling in the phase 1.The relevant authority has approved the overalland detailed regulations, urban guidance, andtownship design by the end of August. Theinfrastructure construction, roads, and transportationhave been finished by September.

By the end of the year, Yujia Pu will have commencedthe construction of the 200,000-square-meter finance exhibition sector, and300,000 finance marketing sector, 10 financebuildings, training center and the supportingfacilities.

Yujia Pu will be connected to Beijing-TianjinIntercity Express Railway to provide the bestenvironment for the global investors. Afterconnected to the high-speed railway, it willonly take only 50 minutes from Yongding MenStation, Beijing to Tianjin.