The Beijing Central Business District, or Beijing CBD, is the primary area of finance, media, and business services in Beijing. Beijing CBD occupies 3.99 km2 of the Chaoyang District on the east side of the city. The Beijing CBD is currently undergoing large-scale development.
As Beijing is becoming one of the most important international financial centres in China, Beijing CBD was recently positioned as the secondary core area in Beijing's International Financial Center Development strategic plan published in May, 2008. The new CCTV Headquarters is soon to be completed by the end of 2008.In the eight years since the government decided to speed up construction of the district, the Beijing CBD has attracted 117 Fortune 500 businesses in the financial, media, information technology, consulting and service industries. More than 60 percent of overseas-funded companies in Beijing are in the CBD. A majority of foreign embassies in Beijing - the No 1, No 2 and No 3 embassy districts are now concentrated in the Beijing CBD and its neighboring areas.