Investment in China's Xiong'an New Area, to the south of Beijing and in northern Hebei Province, increased by 13.5 percent year over year in the first half of 2025, driving investment growth in Hebei by 1.6 percentage points year over year.
As the central hub for relocating non-capital functions from Beijing, the Xiong'an New Area has entered a phase of parallel development that prioritizes both large-scale construction and functional transitions.
At present, a high-rise fortune tower project is underway in the financial island area of the Xiong'an New Area, with over 2,000 builders diligently working at the construction site.
The total construction area of the financial island project exceeds 780,000 square meters, covering functions such as offices, apartments, commerce, and transportation.
With the basic sites for the second batch of relocation projects selected, central state-owned enterprises have established over 300 branches in Xiong'an.
Meanwhile, the Xiong'an Aerospace Information Research Institute has leveraged China's BeiDou navigation system and 5G multi-mode convergence technology to solve the challenge of underground positioning, and the solution is now fully implemented in the Rongdong area of Xiong'an.
"We are currently promoting the Xiong'an New Area as a model to all parts of the country. We are already connecting with underground positioning in areas like Qingdao Port, and with several scenarios in Chongqing, Hainan, and Beijing," said Lu Zhaoming, deputy director of Xiongan Aerospace Information Research Institute.
Investment in Xiong'an New Area increases by 13.5 pct in H1
