CHANGNING District has converted a cluster of historic villas into a financial park to attract financial companies.

Changning Financial Park at 1320 Yuyuan Road was opened yesterday and will house around 10 financial service companies with total assets of more than 100 billion yuan (US$14.5 billion), said Ji Yu, deputy president with the real estate sector of the state-owned Guosheng Group.

Yu will be in charge of the operation of the park.