Xiongan New Area shoulders the important task of deconcentrating Beijing’s non-capital functions and promoting the coordinated development of Beijing, Tianjin and Hebei. The first batch of 4 central enterprise headquarters and 4 universities have accelerated their construction.
The arrival of these leading enterprises has also stimulated the development of new industries. Xiongan Power Construction Smart City anchors industries such as "new generation information technology, new materials, high-end modern service industry, modern finance, smart manufacturing, and innovation incubation"