Tianjin FTZ’s CBD supports real economy with innovative measures

Since the establishment of the Tianjin Pilot Free Trade Zone, its Binhai CBD area has vigorously explored the path and direction of institutional innovation, integrated financial innovation with the real economy, and achieved high-quality development.

The number of market entities in the CBD area has surpassed 18,000, with registered capital topping 1.1 trillion yuan ($164 billion).

The financial sector has continued to add enterprises, with more than 400 innovative financial entities set up in the area.

The total annual operating income of the area’s enterprises has grown from about 10 billion yuan seven years ago to more than 180 billion yuan today.

These achievements are attributed to the local government’s efforts in delegating power and reforming institutions.

With its efforts, the area has achieved breakthroughs in business such as commercial factoring, now a star business leading nationwide.  The area has played an exemplified role and policy to help the sector’s growth in other regions.

The area has also seen livestreaming, international consumption and fund allocation as thriving businesses.