After 11 years of development, Beijing Financial Street has been built into the most influential financial administration area in China, housing more than 1,200 financial institutions and enterprises.

The street is now a center for financial decision-making and supervision, assets management, financial payment and settlement and release of financial information, said Wang Gongwei, chairman of the Financial Street Holding Co., Ltd. at a recent forum.

China's central bank and banking, securities and insurance regulators are all located there, joining the lines of big domestic commercial banks, foreign bank offices in China and well-known securities companies.

Wang said the street is designed in line with "international standards" to provide quality services. Projects under construction include a convention and exhibition center, high-end hotels and apartments, a financial club, a bar street and a store.

Green areas with gardens with a combined coverage of 30,000 square meters will be built to make the environment cozier and more beautiful. "We are satisfying the actual needs of every business and every employee," Wang said.