City plans financial project in Shijingshan

The capital is incorporating a new financial hub in west Beijing later this year as part of the capital's latest bid to attract foreign directed investment into the money-hungry capital.

The multi-billion-yuan financial hub project will probably start as early as this October in Shijingshan district at the west end of capital, or 16 km west of Tian'anmen Square in central Beijing, the local government announced on Tuesday.

When completed, the new zone will form a business center symmetrical to the central business district near Guomao in east Beijing.