Qianjiang emerges as new innovation center in Hangzhou
The development of Qianjiang Century City is on the fast track.
Qianjiang Century City, on the south bank of the Qiantang River, announced a series of incentive packages in Shanghai on Tuesday to attract investment and talent and eying opportunities from the Yangtze River Delta region.
Hangzhou International Expo Center, the main venue of the G20 Hangzhou Summit, and Hangzhou Asian Games Village have boosted development in Century City, which has a population of 210,000 and covers 25.64 square kilometers. It is 18 kilometers from Xiaoshan International Airport and 10 kilometers from Hangzhou East Railway Station.
"As an important window displaying the urbanization and international development level of Xiaoshan and Hangzhou to the world, Qianjiang Century City has accelerated the convergence of global business, talent, fund, technology and information flow, making it the most active area in terms of innovation and entrepreneurship in Hangzhou with broad development prospects," said Jiang Yongzhu, deputy Party secretary and director of Xiaoshan District.
Qianjiang Century City has 75 high-end office buildings, 11 of which have tax income exceeding 100 million yuan (US$13.7 million). In 2022 and 2023, its fiscal revenue surpassed 10 billion yuan. The headquarters of CZBank, NetEase CloudMusic, and Chinese electric vehicle brand Zeekr are all based here.
Shanghai implemented a series of favorable policies and incentives to entice firms and professionals to the new metropolis. New headquarters enterprises will receive a subsidy of up to 36 million yuan, while newly established corporate financial institutions will receive up to 50 million yuan in subsidies.
In terms of the performing and sports markets, newly established performance entities, sports, exhibition, and convention agencies would receive up to 1 million yuan in support based on their company revenue, with additional incentives including a housing subsidy of up to 8 million yuan for talent.
A new professional housing project opened at Hangzhou Asian Games Village. According to the blueprint, the 5.39-square-kilometer Qiantang Bay Future Headquarters Base in Century City will house top firms, international organization headquarters, and "unicorn" enterprises.
Night view of the Century City
Qianjiang has stepped up cooperation with Shanghai.
