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Jingyue International Financial Industrial Park Project of Changchun City
2017/03/23     Source:

1. Introduction to Project

1.1 Background of Project

1.1.1 Introduction to Project

Construction of urban functional area with advanced financial functions and business services agglomeration is conducive to enhancing regional economic vitality, speed up industrial upgrading, enhance the regional brand. To further optimize the industrial optimization, enhance the promoting and supporting role of financial services for industrial expansion and clustering, construction of park will promote the accelerated development of the financial industry. Therefore, the financial industrial park is an urgent requirement of economic development, but also the inevitable requirement of Changchun's own development.

The project is aimed at gathering global capital and integrating high-quality project resources in Northeast Asia, forming a financial park with emerging projects incubation, financial service supporting, high-quality project road shows, mature project financing and promoting listing of projects etc. one-stop industrial service.

1.1.2 Market Analysis

At present, China's modern financial system has already taken shape, but the main functional areas are scattered, with weak links between financial institutions; transaction costs are relatively high, and continual building high-end, international financial park will gather these institutions to meet the financial services needs of enterprises.

Changchun Jingyue International Financial Industry Park is located in the heart of the western new district of Changchun Jingyue Hi-tech Industrial Development Zone. There are many units and high-rise buildings. It will be built into Changchun's CBD and EBD functional area. Facing many high-end consumers, there will be a strong unit consumption demand.

Seen from residents composition, Jingyue Economic Development Zone owns about 310,000 people. At the same time, more than 20 well-known real estate companies, including Hong Kong Hutchison Whampoa, Shenzhen Vanke, Shanghai Forte, Beijing Poly and CITIC Group that have settled down in the development zone, and build a large number of large modern high - level livable communities, bringing strong spending power. From the perspective of future development, Jingyue Hi-tech Development Zone is one of the focuses of Changchun in future planning and development, and there will be more plans here. At the same time, the west new district has abundant land reserves, and commercial development trend is obvious, thus the future of commercial development has broad market prospects.

1.1.3Favorable Conditions for Project Construction

1Policy Advantage

In August 2010, Jingyue High-tech Zone was approved as a comprehensive reform pilot area of national service industry by National Development and Reform Commission. In 2012, it was promoted to national high-tech industry development zone, and brought new vigor to the construction of the high-quality, fast speed development zone by national and local level support. Jingyue High-tech Zone, combined with the new situation and new conditions, promulgated a series of favorable support policies for the development of the industry, providing a strong guarantee for the development. At the same time, the use of western New District with an area of 53.8 square kilometers creates the most appropriate development space for the industrial development.

2Environment Advantage

Jingyue High-Tech Zone has a large area of ecological resources, and forest water area reaches 243 square kilometers, accounting for 51% of the area. The east side is Jingyue Pond National Forest Park. With more than 100 square kilometers area, here, beautiful scenery with cascading mountains catches people’s eyes. Owing to the fact that the oxygen content is high here, the park is called "natural oxygen bar" and "the lung of Changchun". The south is the New Lake National Water Conservancy Scenic Area, with an area of 107 square kilometers. Sharing fascinating views with glistening ponds, the placed has a honor of “the pearl of Changchun”. Yitong River, located at the west side, is the mother river of Changchun. And the Jingyue high-tech section, like a jade belt in the city, is up to 13.3 kilometers, and the city is going to build the Yitong River Scenic Belt.

The Development Zone has a good regional climate. Winter is cold but not raw and biting. And summer is hot but not scorching. The number of days of good air quality throughout the year reaches more than 355 days. What’s more, the Development Zone provides a beautiful ecological, quiet and independent development zone for the financial services industry.

3Location Advantage

From the geographical and traffic conditions, Jingyue High-Tech Zone is located in the heart of the Northeast Plains hinterland, the southeast of Jilin Province capital of Changchun City, and the radiating surface will cover northeast three provinces. Besides, there are three expressways and two high-grade highways connecting Changji, Changping and Changha. The development zone is 16 kilometers away from Changchun Railway Station and 28 kilometers away from Changchun Longjia International Airport. Now, 41 domestic and international routes have been opened. And first stage of Changchun Jingyue light rail line is up to 17 kilometers. Thus 9,930 people can be delivered one-way per hour, and 108,000 passengers can be delivered each day. The light rail provides convenient and rapid traffic services.

1.2 Construction Contents and Scale of Project

1.2.1 Product Scheme and Scale

Currently, the Jingyue High-tech Zone has fully launched western new district construction with a total area of 53.8 square kilometers. It focuses on planning a 7 square kilometers of Northeast Asia headquarters economic zone, building the financial industrial park.

1.2.2 Construction Contents

Architectural form refers to Wall Street style, divided into four functional areas, namely, the International Venture Capital Industrial Zone, PE Capital Park, emerging industry incubator base, financial services concentration area. After the completion of the project, the company will focus on the global capital accumulation, introduce the famous fund companies such as Lei Shi and Sequoia into the capital market in Northeast Asia, integrate the high-quality project resources in Northeast China, and form one-stop industrial services of emerging projects incubation, financial service supporting, high-quality project road shows, mature project financing and promoting listing of projects etc. The completion of the project will make Changchun City become the Wall Street of the East, and form the financial industry gathering place in Northeast Asia.

1.3 Total Investments and Funds Raising of Project

Total Investmentsinvestments of Project project are 1.2 billion yuan. Total investment includes construction investment of 1.08 billion yuanworking Ccapital of 120 million yuan.

Table 1Summary List of Total Investments of Project      Unit: 10,000 Yuan

Serial No.

Name of Expense

Investment Amount

Percentage to Total Investment

Remarks

1

Construction Investment

108000

90

 

2

Interest Incurred in Construction Period

 

 

 

3

Working Capital

12000

10

 

 

Total Investments of Project1+2+3

120000

100

 

1.4 Financial Analysis and Social Evaluation

1.4.1 Major Financial Indicators

The project does not take estate income into account, and the annual income of operating income reaches 370.5 million yuan. The project realizes an annual profit of 75 million yuan. Investment payback period is: 4 years (after tax, including construction period: 1 year), and profit margin of investment is 25%.

Table 2List of Major Indicators for Financial Benefits Forecast

Serial No.

Name

Unit

Indicator

Remarks

1

Operating Income

10,000 Yuan/a

37050

Normal Year

2

Total Profits

10,000 Yuan/a

7500

Normal Year

3

Financial Internal Rate of Return of All Investments

%

20

After income tax

4

Financial Net Present ValueIc=10%

10,000 Yuan

100000

After income tax

operation period of 12 years

5

Payback period of All Investments

A

4

Including construction period of one year

(after tax)

6

Profit Margin of Investment

%

25

 

Note: the "10,000 Yuan" in the table refers to RMB.

1.4.2 Social Evaluation

The implementation of this project adapts to the development plan of Changchun City, can effectively promote local economic development, provide jobs, and promote the deep processing technology of products in the area, realize industrial upgrading, optimize the industrial structure, and promote local economic development.

1.5 Cooperative Way of Project

Sole investment or independent operation of enterprise.

1.6 What-to-Be-Invested by Foreign Party

Investment method can be negotiated face to face.

1.7 Construction Site of Project

West new district of Jingyue Hi-tech Industrial Development Zone of Changchun City

1.8 Project Progress

In business invitation.

2.Introduction to Partner

2.1 Basic Conditions

Project UndertakerInvestment Promotion First Bureau of Jingyue High-tech Industrial Development Zone, Changchun City

Legal Address: No.1572 of Fuzhi Street, Jingyue High-tech Industrial Development Zone, Changchun City

2.2 Overview

Jingyue High-tech Industrial Development Zone was established in August 1995, originally known as Changchun Jingyue Pond Tourism Economic Development Zone. In March 2006, it changed its name to Changchun Jingyue Economic Development Zone. In August 2012, it was successfully promoted to national high-tech industry development zone, and won the national e-commerce demonstration base, the national advertising demonstration park, the national modern service industry digital media industry base and other national awards. After this approval, Jingyue area ushers in the historical opportunity of a new round of major development and rapid development. Jingyue Hi-tech Zone adheres to the "eco-oriented culture as soul, services for the usage" development principles, and promotes integration development of cultural industries, high-tech industry and modern service industry. Within 5-10 years, it will build China's ecological Silicon Valley, world first-class science and technology innovation-oriented eco-city, leading the dominant industry of Changchun City to upgrade, and providing experience and demonstration for comprehensive reform pilot area of the national service sector. 

The richness and degree of aggregation of high-tech science and education resources of Jingyue High-tech Development Zone remains the top place in the country. It is the seat of Northeast Normal University, Jilin Agricultural University, Jilin University of Finance and Economics, Huaqiao Foreign Languages Institute etc. 15 institutions of higher learning, with up to 200,000 college students. Strong scientific and technological foundation, strong scientific research strength, rich cultural atmosphere provides a strong support for the development of high-end industry.

In February 2013, Jingyue High-tech Development Zone formulated a series of preferential policies for the new national high-tech industrial development zones, and the high-tech industry projects settled in the zone can enjoy measures for innovation and development special funds of Jingyue Hi-Tech Zone, opinions of Jingyue Jingyue Hi-Tech Zone for implementing 535 talent plan, the construction of ‘China's eco-Silicon’, policies of Jingyue Jingyue Hi-Tech Zone for supporting investment and financing, policies of Jingyue Jingyue Hi-Tech Zone for supporting technological innovation of enterprises, and policies of Jingyue Jingyue Hi-Tech Zone for supporting high-tech services industry etc.

2.3 Contact Methods

Contact PersonDing Xiaohong, Chen Shengnan

Telephone0431-84532421

Fax0431-84532421

Emailshengnan1123@hotmail.com

 

Contact Methods of Project City (Prefecture)

Contact UnitChangchun City Economic and Technological Cooperation Bureau

Contact PersonBo Zhanlin

Telephone0431-82763933   82765252

Fax0431-82763933

Emailcc82763933@163.com

Website of City/Prefecturehttp://www.ccmbc.com/

 

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