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The Financial Town in Beidaihe New District is a government project

Yes.

The concept of Beidaihe Financial Town has been around for a long time. On May 19, 2015, the Qinhuangdao Municipal Government signed a cooperation agreement with China Fortune Land Development Co., Ltd. According to the agreement, China Fortune Land Development will give priority to launching comprehensive development and construction cooperation in the agreed area of ????Beidaihe New District, and initially determine the focus on the development and construction of the central urban area, including financial and business center projects. During the fifth Beijing International Trade Fair, Peng Yun, director of the Beidaihe New District Management Committee, promoted the Beidaihe Life and Health Industry Innovation Demonstration Zone and also proposed that supporting service facilities such as expert apartments, financial towns, and wetland parks be stepped up.