The second phase of the Finance Town in Suzhou New District, Jiangsu province is expected to be completed by the end of this year. [Photo/WeChat account: snd-szgxqfb]
The second phase of the Finance Town in Suzhou New District, Jiangsu province is expected to be completed by the end of this year, according to local media reports.
With an investment of one billion yuan ($142.53 million), the second phase covers an area of 108 mu (7.2 hectares) and is designed to house office buildings, commercial streets, a technology discovery hall and a roadshow center.
The main structure of the project has already been completed.
The first phase of the Finance Town was put into service in 2017. Covering an area of 50 mu, the project houses 45 office blocks and one 10,000-square meter financial services complex.
The Finance Town's first phase is now home to more than 570 investment institutions and has gathered funds worth roughly 100 billion yuan, offering abundant capital resources for the development of local real economy.