The draft for the "Comprehensive Implementation Plan for the Planning of Lize Financial Business District (2020-2030)" was recently announced, which when finalized will serve as a roadmap for the construction of the Lize Financial and Business District.

As an integrated pilot scheme for a new round of greater openness in the service sector, Lize Financial Business District will build an industrial system with emerging finance as the mainstay industry and high-tech and professional service institutions as the supplement. It will allow passengers to travel to the district from Beijing Financial Street and the city's important functional areas in just 15 minutes and 30 minutes, respectively.

Beijing's Lize Financial Business District is home to many emerging financial companies and is a pilot area for financial reform in the capital. It is also positioned as an important functional area supporting the development of the capital's modern service industry and a model area for a high-quality modern metropolis. According to the announcement, the planned land area of Lize Financial Business District will cover as far west as Beijing's West Third Ring Road, as far east as the Beijing West Railway Station, as far north as Sanluju Road, and as far south as Jinzhongdu South Road. The planned land area of Lize Financial Business District is about 584 hectares, of which the core area makes up approximately 272 hectares.

Approximately 6.5 million square meters of the core area will undergo construction, turning 60% commercial offices, and 16.5% put aside for various supporting services such as commerce, hotels, cultural centers, medical complexes, and urban services. They are expected to provide around 220,000 jobs. At the same time, the area will build a green public transit system with rapid and efficient transportation.

According to the plan, by 2025, the first half of the construction will have been completed and leading financial institutions and enterprises will have begun to operate in the area. Then, by 2030, upon the expected completion of the project, the area will become a model area for integrating industry and city. Finally, by 2035, it will become a new pole for the capital's development, a global emerging financial highland with international influence, and a new financial center that complements the sustainable use of history, culture, and ecology.

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