The People’s Bank of China has recently approved the establishment of the Yinchuan Branch Comprehensive Administrative Center in Yuehai Bay Central Business District in Yinchuan City, Ningxia Hui Autonomous Region, according to the CBD service center on December 19.

The regional centers of China Construction Bank, Industrial and Commercial Bank of China and People’s Bank of China will all enter Yuehai Bay CBD.

The building area of the project will total 146,500 square meters with an estimated investment of 420 million yuan (US$ 67.41 million). The office buildings are set to start construction one after another from May next year.