Beijing's State-owned enterprises (SOEs) are investing in its neighbors to accelerate the integration of Beijing, Tianjin, and Hebei.

 

As the regions integrate their economies, the capital's SOEs will transfer industries, including steel, automobile, and manufacturing to its suburbs, neighboring Hebei province and Tianjin. Meanwhile, they will upgrade their industries in Beijing to focus on innovation and research and development.

 

On 5 July, a project of the Dynagreen Environmental Protection Group Co. in Tianjin's Jixian county began trial operations. The group's straw burning electricity project in Ninghe, Tianjin was approved on 6 July.

 

Beijing Textile Holding Co and Tianjin Textile Holding Co will cooperate to provide Internet data services for the Tianjin Binhai New Area, Tianjin e-government, and global business users.

 

Beijing Electronics Holding Co and Tianjin's Xiqing district are constructing a 35 hectare technological park with a total investment of 4.45 billion CNY. The park will gather high-end industries such as big data, electronics, information, outsourcing, industrial design, and Internet finance.

 

Shougang Group, a Beijing State-owned steel manufacturer, is one of the SOEs starting early integration with Tianjin and Hebei. The group's registered companies in Hebei reached 50 with assets amounting to 168.4 billion CNY.

 

BBMG Group Co, a manufacturer of construction materials and real estate developer, also expanded its business, especially in Tianjin and Hebei province. So far, it has invested more than 20 billion yuan in Hebei province,including over 10 billion in cement and concrete.

 

Transportation between Beijing, Tianjin, and Hebei has top priority. The Beijing-Tianjin-Hebei Intercity Railway Investment Co was established at the beginning of the year to plan transportation in the three regions. Preliminary work for Beijing-Tangshan, Beijing-Binhai New Area, and Langfang-Zhuozhou intercity rails are under way. The three regions expect to construct a rail network of over 1,000 kilometers during the 13th Five-Year Plan.

 

As Beijing's SOEs transfer industries to Tianjin and Hebei province, they are required to upgrade their industries in the capital. 

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