Wanli Jiangshan grand plan, Yanzhao new earth meteorology, Xiongan New Area, millennium plan. On October 17, the press Center of the 20th National Congress of the CPC held the first press conference. Zhao Chenxin, deputy head of the National Development and Reform Commission (NDRC), said at the meeting that Beijing's non-capital functions are being phased out in an orderly manner, with a cumulative investment of more than 400 billion yuan in Xiongan New Area. Industry analysis points out that the one billion magnitude major investment projects in Xiongan New Area also outline the industry map of the future city, the city of science and technology and the city of ecology.

A total of 400 billion yuan has been invested

After more than five years of planning and construction since its establishment in 2017, the Xiongan New Area has completed a total investment of more than 400 billion yuan, and has entered an important stage of undertaking Beijing's non-capital functions and simultaneously advancing its construction.

Focus on investment in 2022, according to the Xiongan New Area Reform and Development Bureau news, in 2022 Xiongan New Area construction projects planned to arrange 322, a total investment of 790.5 billion yuan, the annual planned investment of 200 billion yuan. The launch area, Rongdong area and high-speed railway station hub area are promoting the project construction in an orderly manner.

"Following the principle of 'a number of construction projects under construction, a number of new projects under construction, and a number of projects under reserve and demonstration', more than 100 construction projects have been carried out, with a total investment of over 400 billion yuan. The labor force involved in the construction of the New area remained stable at more than 100,000, with about 200,000 builders working in an orderly manner during peak periods. At present, municipal facilities and public service supporting projects in the start-up area of the New Area are progressing smoothly, major infrastructure in the start-up area is accelerating, the urban framework of Rongdong area is gradually taking shape, more than 60,000 people who have been recruited to relocate to new houses, the Beijing-Xiong intercity railway is in stable operation, and the Hebei section of the Beijing-Xiong Expressway has been completed and opened to traffic." Cao Yuanmeng, deputy director of the regional department of the National Development and Reform Commission, introduced the project construction in Xiongan New Area at a news conference in September.

According to the relevant plans for the construction of the Xiongan New Area, the Xiongan New Area has three important positions: Beijing's non-capital functions, an important pole of the Beijing-Tianjin-Hebei city cluster, and a high-quality and high-level modern socialist city.

As for the relocation of non-capital functions in Beijing, the relocation of relevant non-capital functions to Xiongan New Area has been promoted in stages and batches since 2021, focusing on universities, hospitals and the headquarters of central government enterprises under ministries and commissions in Beijing. At present, the first batch of landmark relocation projects have been accelerated in the New area. The construction of the headquarters of three central enterprises, including China Starnet, Sinochem and China Huaneng, has started, China Mineral Resources Group has been registered and launched, and the sites of the first batch of universities and hospitals to be relocated have been basically decided. At the same time, a number of market-oriented relief projects in line with the functional orientation of the new area, such as the market-oriented relief project of Xiongan Innovation Research Institute of the Chinese Academy of Sciences, have been launched and constructed.

According to the People's Xiongan website, by the beginning of July, a total of 110 institutions of various types had been registered by central enterprises in Xiongan New Area, and more than 3,700 Beijing-funded enterprises had been registered at the new area level.

Construction of one billion scale projects has begun

As a national strategy, the Xiongan New Area is fully funded. When it was first established in 2017, some institutions predicted that the investment scale of Xiongan New Area would not be less than 10 trillion yuan in the next five to 10 years, a considerable part of which would be used for infrastructure construction. It is expected that from the second half of 2017, a large number of railway, highway, airport, municipal, housing and other construction projects will be started.

"From the perspective of development and construction, the early construction of Xiongan New Area is mainly focused on two aspects. First, infrastructure construction, including rail transit, expressway, power network and comprehensive pipe corridor construction; The second is ecological environment management, including water management, garbage disposal and ecological management." Xu Guangrui, executive director of the Institute of Future Science and Technology, said in an interview with the media.

This view is also reflected in the billion-scale projects in the Xiongan New Area over the past five years. In terms of transportation support, the heating (cooling) and gas projects in the Xiongan New Area high-speed railway station area with a total investment of 2.07 billion yuan and the K1 expressway (phase I) project with a total investment of 2.21 billion yuan were released and started construction in 2019. In terms of commercial support, the Xiongan Station Hub area's underground space integration plan with a total investment of about 2 billion yuan and the Xiongan Business Service Center project with a total investment of about 8.6 billion yuan (excluding land fees) were also released in 2019.

Fast forward to 2022, on the basis of some progress in infrastructure construction, the one billion scale projects in Xiongan are inclined to market-oriented construction. On August 1 this year, the Xiongan International Trade Center complex with an estimated investment of 1.296074 billion yuan was started, which is the first TOD commercial complex to be constructed in the launch area of Xiongan New Area. Through the integrated development of above-ground, underground and surrounding plots, supporting the construction of three-dimensional transportation hub, the TOD station will realize the integrated development of the city after completion, and create the urban gateway of the New area and the Xiongan central dynamic area gathering world influence.

According to incomplete statistics, in the past five years, most of the major investment projects worth 1 billion yuan in Xiongan New Area were focused on infrastructure construction, public services and commercial centers.

Benefit urban "hardware and software"

"These projects will bring two development opportunities to Xiongan New Area. First, this modern "City of the future" will gather a large number of talents, high-quality enterprises and other market-oriented resource elements to take root here through "building a nest to attract the Phoenix", and then provide strong support for the high-standard construction and high-quality development of Xiongan New Area. Second, through the creation of 'software' and 'hardware', the starting point of Xiongan New Area will be higher, which will help promote the future industry to accelerate the depth of clustering here, and lay the foundation for its' going to a higher level 'to the world." Economist Song Qinghui evaluation way.

"The construction of Xiongan New Area will definitely be hierarchical, staged and focused. In the short term, we should focus on infrastructure construction, commercial support and public services. Only after a good foundation is laid can we better attract industries and talents." Wang Peng, a researcher at the Beijing Academy of Social Sciences and a researcher at the Center for Intelligent Social Governance at Renmin University of China, commented, "In the medium to long term, it is still more important to integrate with local economic and social development, overall urban function orientation, industrial coordination and talent development, and transform and upgrade to digital."

"According to the official plan, Xiongan New Area has three development stages: infrastructure construction (2017-2019), the initial stage of Xiongan New Area taking shape (2019-2022), and Xiongan New Area stepping into a rapid development stage (2022-2029). Each stage has its corresponding positioning." Professor Hong Tao, director of the Institute of Business Economics of Beijing Technology and Business University, said that Xiongan New Area has entered the third development period. After laying the foundation in the early stage and middle stage, it should be further improved in the later stage, taking low-carbon and green as the main investment content. Even the traditional basic investment should be completed on the basis of low-carbon and green standards.

Wang Peng believes that the construction and development of Xiongan New Area has three implications: "First, the investment in various key projects of the magnitude of 1 billion is conducive to the leap of local public services, urban construction and industrial development; Secondly, from the perspective of regional cooperation, it is beneficial to realize the optimal allocation of resources, promote the coordinated development of Beijing, Tianjin and Hebei, and relieve the non-capital functions of Beijing. Finally, the Xiongan New Area, which has an imperfect industrial foundation, should better face digitalization and new technology in the top-level design and landing development. This process provides new development paths and experiences for the rest of the country and even the world."

Unleash three major future trends

Looking to the future, the Xiongan New Area, as the city of the future, also sends out new industrial signals with its projects that have been started and will be started in 2022.

In the first three quarters of 2022, a total of 142 key projects were started in Xiongan New Area, including 49 projects of the magnitude of 1 billion yuan, with a total investment of over 170 billion yuan.

Projects of the magnitude of one billion generally include relief projects, major industrial projects, public service projects, infrastructure projects, ecological construction projects, marketization projects and smart cities, etc. In terms of major industrial projects, the first batch of central enterprise drainage projects such as China Star Network and three industrial park projects of China Telecom (601728), China Mobile (600941) and China Unicom have been fully entered into construction after the concentrated construction activities of key construction projects in the first quarter. Construction of the Xiongan International Trade Center, with an estimated investment of 1.741 billion yuan, also started in the third quarter.

"From the perspective of the investment direction of key industries in 2022, I think it reflects the three trends of Xiongan's future development." Wang Peng commented, "The future development from the investment construction, the first is the direction of digitization and informatization, represented by the three industrial parks of China Telecom, China Mobile and China Unicom, industrial projects are building the base of digital economy and smart city; Second, the direction of environmental protection, the double carbon path, green environmental protection projects related industries will also be the focus of investment; The third direction is the integration of industry and city, the integration of industry and city including population, the early stage of Xiongan to undertake and dredging enterprises, transportation, public services, supporting facilities and other development is good, in order to better development of the integration of industry and city, related construction industry is also the future investment focus."

Looking to the future, Song Qinghui believes that the type of new projects of the magnitude of 1 billion will also closely fit the positioning of Xiongan New Area as a future city, a city of science and technology and a city of ecology. Editor/Xu Shengpeng