China Merchants Shekou Industrial Zone Holdings Co., Ltd. and Poly Developments and Holdings announced to build a high-end commercial complex in Wenzhou, China under joint development. The Majestic Mansion is located in the 2.2 square-kilometer Wenzhou Binjiang central business district, and has already signed up several financial organizations across southern Zhejiang province who have agreed to set up operations here. Along with meeting and exhibition resources that will become available through the project's Urban Balcony, Civic Center and International Convention and Exhibition Center, Majestic Mansion will further enhance the advantages of the district.

The 600,000 square-meter facility will be comprised of a large-scale waterfront lifestyle complex and a grand residence for Wenzhou's high net worth individuals, where East meets West in business.