China’s Wall Street Arrives
Published: July 2008We have devoted this entire issue to Beijing, looking at the reemergence of the capital as the nation's financial center.
No. of Pages: 12 pages
We have devoted this entire issue to Beijing, looking at the reemergence of the capital as the nation's financial center. The development of Beijing's Financial Street has largely escaped the mainstream press. Yet, astonishingly, an entirely new district has sprung up west of Tiananmen Square. The implications for China's financial services industry are huge.
Home to government regulators, China's largest banks, and serious global players such as JPMorgan, HSBC, and Goldman Sachs, the new wealth and power base that has been created here is astounding. We look at the history of the area, at why the shift has occurred, provide maps and guides to what's where, and interview some of the key players.