Historic garden villas given a new role
Print Edition
CHANGNING District has converted a cluster of historic villas into a financial park to attract financial companies.
Changning Financial Park at 1320 Yuyuan Road was opened yesterday and will house around 10 financial service companies with total assets of more than 100 billion yuan (US$14.5 billion), said Ji Yu, deputy president with the real estate sector of the state-owned Guosheng Group.
Yu will be in charge of the operation of the park.
The financial park will mainly offer various financial services to support Changning’s major industries — aviation services, Internet and fashion creativity, the district government said.
The 11 British-style garden villas inside the park, built around the 1920s and once home to overseas businessmen, are to be a highlight of the park.
Several of the buildings have been listed as the city’s protected “excellent historic buildings.”
The houses are owned by the district government and are rented to the group. Several financial companies including Zhongping Capital, a local asset management company, have announced they will move to the park soon.
“The company will serve as a link between investors and local companies, especially those on the cultural innovation, Internet, information service and information technology,” said Wu Bin, who is the general manager of Zhongping Capital.
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