A 38-year-old underutilized commercial complex beside Tianjin's Sancha River Estuary has been renovated into a professional research base for a State-owned company, standing as a vivid showcase of Tianjin's systematic urban renewal, homegrown high-end equipment innovation, and coordinated industrial development across the Beijing-Tianjin-Hebei region.
Binshui Plaza was originally built in 1988 and once housed restaurants, hotels, and office rentals, yet slipped into low-efficiency operation amid aging facilities and outdated business formats.
Zhongxuan Zhikong (Tianjin) Technology Co — a subsidiary of China Coal Technology & Engineering Group Beijing Huayu Engineering Co — set up its Tianjin R&D center here in 2022.
"Talent recruitment has become far more efficient after we settled in Hongqiao district," Geng Yanbing, deputy general manager of the firm, said.
The company has recruited over 20 masters and PhD researchers locally, forming a complete in-house R&D team.
