Ｆｉｎａｎｃｉａｌ Ｓｔｒｅｅｔ

Audrey

Redefining Beijing

For a long time Beijing has servedas the political and cultural center for thecountry. While Shanghai and Shenzhenwere encouraged to grow and reach theirfinancial goals, Beijing cautiously dodgedthe label of a “financial center”, in order toavoid the criticism of“redundant construc-tion”. Howevcr, Beijing is the birthplace ofChina's financial policies. Due to its specialgeographic position and drive towardsinternalionalization, Beijing has grown tobecome China's true financial center. Thespotlight has again been thrown onto thecapital during high-profile announcementsof its aspirations to become an internation-ally influential financial center.