The new District will give full play to the role of binhai Industrial development fund, attract domestic and foreign financial institutions, enterprises and other social capital through guiding funds and marketization, and support enterprises' investment projects in Binhai New District.

Focusing on the technology and financial industries, Tianjin Binhai New Area provides strategic support for the cultivation of new drivers of economic development in Tianjin and Binhai New Area by building a support system with comprehensive coverage, complete functions, prominent features and full of vitality.

As one of the earliest commercial factoring regions in China, Binhai New Area is becoming the gathering place and one of the most mature areas of commercial factoring industry in China by virtue of many advantages. Meanwhile, Binhai New Area takes the lead in government service and support, laws and regulations research and practice and other aspects.

In recent years, the Management Committee of East Xinjiang Bonded Port area of Binhai New Area has vigorously promoted the construction of national new financial industry demonstration zone and actively introduced new driving forces. From January to May this year, the leasing and factoring enterprises in Dongjiang have increased capital by 4.6 billion yuan, accounting for more than 60% of the new capital of local financial organizations in Tianjin, ranking first in the city. The main investors include state Grid, Xugong Group, Midian Group, Spring Airlines, China Southern Airlines, Far East Hongxin and other well-known domestic enterprises. At present, the east has become a high-quality domestic financial industry agglomeration, ZhongTieJian, in cars, in MeiKe worker, river steel, BeiKong nearly hundred state-owned enterprises, state-owned enterprises and the far east, such as peace, beauty, millet and other listed companies are set up headquarters in east leasing companies and factoring companies, a total of nearly 400 gathered commercial factoring company, registered capital of more than 60 billion yuan, to become one of the most concentrated area of the factoring business in the country. Among them, factoring in accepting such as accounts receivable way of beauty, the cumulative distribution of factoring financing 8094 7.676 billion yuan, service 1656 small businesses in the home, and at the same time in the service of the real economy to realize its steady development, since the end of last year in less than six months time, the registered capital increased from 500 million yuan to 1 billion yuan, is expected to pay more than $50 million this year.

In the next step, Binhai New Area will give full play to the role of Binhai Industrial development Fund, attract domestic and foreign financial institutions, enterprises and other social capital through guiding funds and marketization, and reach a scale of more than 100 billion yuan in five years. The fund will focus on strategic emerging industries such as smart technology, biomedicine, new energy and new materials and the "3+4" industrial system such as aerospace, equipment manufacturing, automobile industry and petrochemical industry, with capital as the link, to support enterprises' investment projects in binhai New Area. Eastern Xinjiang will focus on developing the real economy of financial services, identify weaknesses and weaknesses, make full use of its advantages in industrial agglomeration and business environment, accelerate the transformation from policy dividend to service dividend, innovation dividend and industrial ecological dividend, and further build a world-class financial leasing cluster.

Source: BBC news