Xiong'an set to welcome new SOEs from Beijing

The headquarters of a range of State-owned businesses, research centers and financial institutions will soon move into Xiong'an New Area in Hebei province, the province's Party chief, Wang Dongfeng, said on Wednesday.

A number of Beijing-based hospitals and colleges are also planning to move to the sprawling development zone that was created 100 kilometers south of Beijing four years ago, along with some government-affiliated institutions, Wang told a news conference in Beijing.

China Satellite Network Group and Sinochem Holdings－two giant State-owned enterprises－recently registered in Xiong'an, Wang said, adding his administration will do its utmost to facilitate such endeavors. China Satellite Network runs the nation's satellite broadband network and Sinochem owns a major rubber and tire manufacturer.