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Why invest in Lushunkou

(chinadaily.com.cn) Updated: 2016-12-26

Infrastructure:

Lushun has a unique "Five in One" transportation system that integrates the harbor, railway, train ferry, expressway, and urban light rail. 

Road: By the end of 2011, the mileage of highways in Lushunkou reached 288 kilometers, (not including Longwangtang Subdistrict), with a highway density of 56 km/100 square kilometers. A total of 21.18 million person-time of road transportation was achieved in 2011, with a freight volume of 33.71 million tons.

Railways: Total mileage of 43 km, 54,000 person-time of railway passengers, 4.695 million tons of cargo transported.

Harbor and shipping: While building the combination harbor of Dalian Northeast Asia shipping center, Lushunkou focused on the construction of the Lushun New Port and Shuangdaowan Harbor Area, with the total investment of 4.78 billion yuan with seven projects. By the end of 2011, the accumulated investment made for expanding Lushun New Port reached 2.47 billion yuan, including 1 billion yuan spent on passenger berths. The main structures for berths No 1 to No 7 have been completed, with berths No 8, 9, 10 currently under construction. The pre-feasibility report, environmental impact assessment, safety pre-evaluation, navigation safety assessment, digital analogy test report, and occupational hazards evaluation have been completed for Shuangdaowan Harbor Area. In 2011, 20.1 million tons of cargo pass through the area, a year-on-year increase of 11.37 percent; 594,800 person-time of passenger pass-through was achieved for Lushunkou, an increase of 25.72 percent.

Furthermore, the construction of the cross-sea railway ferry, the Yantai-Dalian Railway Ferry, makes “going out” more convenient by saving 1,600 km from Yantai to Dalian, compared with land transport. In the future, the completion of the Dalian-Yantai cross-straits bridge will make Lushun a logistics center for the Bohai rim area and an important combination harbor for the Dalian Northeast Asia Shipping Center. 

Financial Environment:

The financial industry in Lushunkou has shown a steady, healthy, and rapid development in recent years due to the support of Lushunkou government. As of July 2012, 12 banks, 14 insurance companies, four investment and financing platforms, three micro-credit guarantee companies, and an equity investment company had set up branches or were established here. The initial framework of a completed and fully-functional financial market system had been established. The size of the financial market continues to grow; by the end of May 2012, the total bank balance in Lushunkou amounted to 24.398 billion yuan, including a 15.232 billion yuan savings balance of the urban and rural residents.

Steady promotion of corporate IPOs: 25 enterprises have been cultivated as IPO candidates in Lushunkou. In January 2012, Dalian Kai Shi Real Estate Co Ltd went public on the Main Board of the Hong Kong Stock Exchange, raising HKD 135 million, the first IPO of a local company in Lushunkou, and also the first real estate company in Dalian to be listed in a foreign capital market. To guide and encourage qualified enterprises to get listed, Lushunkou government has set up special funds to subsidize corporate IPOs, as a way of encouraging enterprises to accelerate their IPO pace.

Lushunkou has strived to optimize the policy and legal environment for financial development, and has built a comprehensive supervision system. By taking their own conditions into account, the government has made various financial institutions in the credit system, financial risk prevention and financial claims protection, providing a strong guarantee for standardizing financial entity behavior, preventing and mitigating financial risks, and ensuring sustainable and healthy development of the financial industry.