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Liangjiang New Area was formally established on June 18, 2010. It was the third national development and opening zone in China - and the first in the inland - approved by the State Council, after Shanghai Pudong New Area and Tianjin Binhai New Area. It is located in the main urban area of Chongqing, near the north of the Yangtze River, and borders Jialing River in the east. Liangjiang New Area includes three administrative districts - Jiangbei district, Beibei district and Yubei district?- as well as the northward new district and the free trade port area?- and covers an area of 1200 square kilometers, including 550 square kilometers of potential development area, and a permanent population of 2.24 million.

Liangjiang New Area - one of the new focus zones for global industry transmission, a transportation hub of Eurasia international logistics, the area of strategic shift of China's development and the core area of the newly-established market in the inland?- received authorization from the State Council concerning five functions: a pilot region of coordination of the urban-rural comprehensive reform; a foundation for important advanced manufacturing industries and modern service industry in the inland; the financial and innovative center upstream of the Yangtze River; an important opening-up area of the inland; and a standard area for scientific development.

According to the development outlines of the 12th Five-Year Plan(2011-15), Liangjiang New Area, along with the Pudong New Area and the Tianjin New Area, is considered to be an important developing and opening-up platform and is required to promote development and opening-up in the Chongqing Liangjiang New Area. Since its establishment, it has aimed to explore new approaches for inland reform and opening-up and achievements have been made - so that Liangjiang New Area has become one of the biggest global manufacturing bases of cars. The rapid development of international trade has enabled it to become one of the world's most important investment destinations.

Liangjiang New Area - the third district in China - enjoys incomparable advantages such as convenient access to public transportation, a good industrial foundation, sophisticated comprehensive functions, huge development potential - as well as low costs and loose policies. Liangjiang New Area promotes its industrial foundation and capacity, and is building four opening-up platforms along with the industrial base?- and investment continues to pour in.