Virtual Office

Beijing Virtual Office & Office Space

Why would i need a virtual office in Beijing?

As the capital of the People’s Republic of China, Beijing is the second largest city in China with a population of 7.5 million within the metropolitan area. Located at the northern part of the country, the word Beijing literally means northern capital and is regarded as the political, education and cultural center for China. Apart from that, the strategic location of this city has made it a major transportation hub for air, sea and land transport. Therefore, accessibility has truly become one of the factors why Beijing has emerged as one of the centers of economic growth for the country, facilitating commercial development along the way.

Beijing has experienced tremendous economic development over the past decade, with the most recent growth in GDP of 13.2% between 2003 and 2004. This remarkable economic performance has largely been contributed by a range of high growth industries present in this city. In fact, the tertiary industry comprising of the services industry is the most productive in Beijing, with a contribution of 60% to the GDP. These would include businesses in the transport, education, entertainment, retail and financial industries.

A great portion of the city’s commercial activities are concentrated on the Beijing’s Central Business District located in the eastern section of the city centering the Guomao area. Indeed, this area known as the Chaoyang district has been identified for rapid development and is still undergoing massive growth today. Comprising of a 3.99 sq km area bordered by the Dongdaqiao Road on the west, Xidawang Road on the east, Tonghui River at the south and Chaoyang Road at the north, this area is poised to be a major commercial area offering much office space, exhibition space, excellent infrastructure as well as residential and entertainment facilities.

Among the prominent buildings in the area of the CBD is the Jing Guang Center which stands at 682 ft tall and consists of office space as well as hotel and condominium lots. This building which had been the tallest building in China before being surpassed by the King’s Tower in Shanghai serves as the corporate offices for companies such as, Caltex Oil Corporation, Bain and Company Chevron China, Chrysler and Coca-Cola. Thus, with so many multinational organizations occupying this building, any corporation setting up an office space or a virtual office here would be associated with the prestige brought upon by other tenants in the building.

Another popular skyscraper in China would be the centrally located China World Trade Center I and II. These two buildings of 509 ft and offering 39 floors of office space each serve as the offices for various international organizations such as the Bank of America, Hewlett-Packard, McDonnell Douglas, Merrill Lynch and Mobil Asia Pacific. Again, with such a long list of renowned names, any foreign corporation that wishes to set up a virtual office or an office space in Beijing should place the China World Trade Center as one of the most ideal venues.

One of the newer skyscrapers in Beijing just completed in 2005 is the Fortune Plaza which offers 720,000 sq feet of space for office space, apartment, retail and hotel utilization. Companies with offices set up in the Fortune Plaza include international names such as PriceWaterhouseCooper, Phoenix Technologies and legal firms such as Allen & Overy. With this, setting up a virtual office in this new building would be a good choice, as it is not only occupied by a string of international companies but also strategically located in the city center.

Another area of prominence beyond the CBD area would be the area of ZhongGuancun, also known as the “silicon valley of China”. This section is located close to two of China’s top universities – Beijing University and Tsinghua University – in between the north western section of the 3rd Ring Road and 4th Ring Road. Further divided into seven parks, ZhongGuancun is also home to prominent IT and electronics markets. Most importantly, this area is well-known as the birth place of some of China’s greatest technology companies such as Lenovo Group, Founder Group and Stone Group. Apart from that, Baidu Inc and Sina Inc are also another two renowned technology companies located in ZhongGuancun, specifically at the Lixiang Building. In total, ZhongGuancun is the center of operations for more than 12,000 technology companies in China.

One of the traditional financial districts of Beijing is the area known as the Beijing Financial Street, stretching from Fuchengmennei Street at the north to Fuxingmennei Street at the south. The government of China has designated this area to be developed as a prime financial location equipped with infrastructure and services produced for the purpose of boosting development. With such encouraging support, this area is now the center for over 30 major financial institutions such as the China People’s Bank, the Bank of China, the China Bank of Industry and Commerce, as well as the China Securities Regulatory Commission. Furthermore, this district also serves as the offices for many telecommunications organizations such as China Telecom and China Mobile. Finally, with 38 hectares of space ready for commercial development, the Beijing Financial Street would definitely work well for virtual offices of telecommunications or financial companies.

Finally, setting up an office space or a virtual office in Beijing should be an opportunity not to be missed. This is largely due to the fact that this is a fast-developing city, a fact that will spearhead the growth of any foreign company operating a virtual office here. Additionally, Beijing’s strategic location at the Far East provides with a reputation as the gate to China.