Aerial view of Pearl Bay Cluster [Photo provided to chinadaily.com.cn]
Pearl Bay Cluster covers 9 square kilometers. To its east is Huanshi Avenue, to its south is Hengli Road, to its west is Lingshan Island Lingxin Avenue and Hengli Island Phoenix Avenue, and to its north is Beijing-Zhuhai Expressway, excluding the water areas of Jiaomen River and the Hengli waterways.
Financial business development pilot zone
Planning and development priorities
The area will focus on the development of headquarters economy, financial services and business services. It will promote the financial service cooperation with Hong Kong and Macao and explore the pilot exchange of Renminbi capital project. Meanwhile, it will also build a new mechanism for financial, commercial and business services cooperation in Guangdong, Hong Kong and Macao. The zone will be built into a central business district to serve the Pearl River Delta and the world.
Land-use planning and status
The total usable land for construction in the area is 513 hectares, including 333 hectares for business and commercial buildings, 155 hectares for residences and 25 hectares for public supporting facilities.
According to the planned floor area ratio, the total floor area is 10.94 million square meters, including 2.85 million sq m for business, 4.99 million sq m for commercial buildings, 2.71 million sq m for residences and 490,000 sq m for public supporting facilities.
Currently, among the 513 hectares of usable construction land, 41 hectares are under construction and 472 hectares remain unconstructed.
Currently, 820,000 sq m of floor area is under construction and 10.12 million sq m remain unconstructed.
Planning and implementation
The district will improve the cooperation and coordination mechanism of Guangdong, Hong Kong and Macao's exhibition industry, promote the integration of trade and exhibition, and build an e-commerce platform and an international trading platform for commodities integrating Guangdong, Hong Kong and Macao. It will promote the innovative development of cross-border Renminbi business with Hong Kong and Macao, deepen cooperation with their financial institutions, and establish a financial service system that is suitable for the liberalization of trade in Guangdong, Hong Kong and Macao. Meanwhile, the area will encourage enterprises to set up regional headquarters, establishing an operation center with integrated logistics, trade, settlement and other functions.
The Pearl Bay Cluster is a landmark project of Nansha New Area. Currently, the development and construction have been carried out in an all-round way. The infrastructure construction such as bridges, roads, water systems and resettlement areas are stepping up. The area is now planning to construct several functional areas including modern financial service gathering zone, headquarters business office zone and a community.