THE financial industry will become the city’s core industry and lead the development of the city’s modern service industry in the next five years, according to a development plan on the financial industry announced by the city government recently.

    One of the key measures to promote the financial industry is to introduce and incubate more financial organizations, attracting more companies to set up regional headquarters or local corporate organizations in the city.

    The city also plans to build financial areas in more districts in the next five years.

    A financial village will be built in Laoshan District covering an area of 1.9 square kilometers, gathering high-end financial organizations around the world in the area.

    The Financial Street on Hong Kong Road Central will also be expanded and related facilities will be built in the area.

    Other districts are also encouraged to build a district-level financial area to promote the development of the financial industry.

    (Wang Yuanyuan, Fu Jun)