China Is Going To Copy Greenwich And Build Their Own Version Outside Shanghai

Greenwich CCA country club in Greenwich

Photo: Greenwich Country Club

China is going to copy Greenwich, CT and build its own version of the wealthy suburb outside of Shanghai in FengXian, according to a report in the Stamford Advocate.Yesterday, 20 officials (hedge fund operators, government officials, and others) from China visited Greenwich and announced their plans at a reception in Stamford.

China plans to build a seven-square-mile zone in the district in an attempt to consolidate hedge funds.┬áBut if China actually wants the hedge funds to move their offices there, they have a long way to go. Greenwich is a more desirable place to work outside the city than New Jersey or New York State because it’s gorgeous, is close to New York, and has great tax benefits.

Compare the two suburbs in the pictures we snapped using Google Earth.

China hopes FengXian will be the Greenwich to China's New York City. Shanghai is the country's rising financial capital.

Greenwich is about 30 miles outside of New York City.

FengXian is about 1.8 miles outside of Shanghai.

Right now, Greenwich is the perfect place to work.

This one area in FengXian looks too commercial. Which hedge funds would want their offices here?

This is downtown Greenwich, the area the Chinese will want to emulate in order to incentivise hedge funds to make the move.

Here's an area that looks promising. There's even a patch of green.

Zooming in, there is an area in FengXian that looks ripe for a Greenwich-style hedge fund development.

And nearby, there's a triangle-shaped development area. Will it become a Greenwich-clone zone?

Coincidentally, Greenwich is also in the shape of a triangle.

But China will never be able to re-create the beautiful trees and lush land.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.