Xiangzhou District, Zhuhai

The Xiangzhou Financial Street, in the central area of Zhuhai City, is the first financial street developed by a private company – the Zhuhai Ridong Group. With a total building area of 22,000 square meters, the street was built in three phases: the first phase of the project covered a building area of 8,900 sq m with a fund of 15 million yuan ($2.24 million) from the Xiangzhou District government and 23 million yuan ($3.45 million) from the Ridong Group.

The financial street takes advantage of informal financial resources and the government’s favorable policies to reduce operating cost for enterprises in the street and turn into an informal finance model in the Zhuhai - Zhongshan - Jiangmen Economic Circle. The street opened on Jan 18, 2015 and has become home to financial enterprises and institutions in the fields of banking, security, insurance, funding and online finance as well as law firms.

It now has 28 enterprises, including 10 traditional financial institutes, nine new financial institutes, seven third-party service institutions, one private financial companies and one non-profit service organization. By the end of 2015, the financial street had about 400 employees and total assets of 2.51 billion yuan ($376 million), generating revenue of 150 million yuan ($22.47 million), a net profit of 16.81 million yuan ($2.52 million) and paid national and local taxes worth 8 million yuan ($1.2 million).

The corporate bonds issued topped 700 million yuan ($104.85 million) and a total of 586 companies received financing.

Apart from offering services of financial information, evaluation, consultation and attorney, the street also holds 15 activities including new board training, financial innovation symposium, investment and financing networking reception as well as more than 20 financial lectures for university student entrepreneurs.