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Thread: Tianjing, China's New Wall Street?

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[quote=JIMMYB,244108]An article in Forbes said that Tianjing would become the New Wall Street in China in the near future. Recently, the government chose Tianjing as the pilot city to allow the individuals to do investment in the Hong Kong stock market. This move will surely foster the finance development of Tianjing.

In the past, Tianjing was the conduit for the domestic and foreign goods to the world.  Now it will become another financial center in China for overseas capital transactions. In 2006, the government declared that the city with a population of 12 million will be developed into a economic zone, the same with Shenzhen and Shanghai. In addition, Dai Xiangrong who is the mayor of Tianjing once was the president of central bank. He is the best candidate to finish the task.

Like the Pudong area in Shanghai, Tianjing also has its Binghai New Area. Compared with Pudong area, Binghai New Area will be developed to an international financial center. Many investment companies and banks have settled down in this area. However, Shanghai mainly serves for the domestic enterprises and companies, which is the financial center of China.

In the future, Tianjing will be the financial center of North compared with Shanghai, the center of South. The glory of Tianjing in history is gradually being returned.[/quote]

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