Xi Urges Financial Institutions to Move to New Flagship City

  • Chinese leader makes third visit to project announced in 2017
  • Three Standing Committee members join him on high-profile trip
The business service center in Xiong’an New Area.Photographer: Mu Yu/Xinhua/Getty Images

President Xi Jinping has reaffirmed his commitment to creating a dazzling high-tech hub neighboring Beijing, calling on state-owned enterprises and financial institutions to relocate to the flagship city.

The Chinese leader on Wednesday visited the sprawling Xiong’an New Area, located in Hebei province about 100 kilometers (62 miles) southwest of the capital, the official Xinhua News Agency reported. He arrived at the Xiong’an Railway Station by high-speed rail from Beijing, a journey that takes about 30 minutes.

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Xi Urges Financial Institutions to Move to New Flagship City