Work began yesterday on what upon completion will be Chengdu's tallest building – Chengdu Minyoun Finance Plaza (成都明宇金融广场) – a 206-meter, 47-story building that will combine high-end hotel, office and commercial space on Dong Dajie, according to local media reports.

The building will be built by Sichuan Minyoun Group with a total investment of 1.2 billion yuan (US$175.6 million). Space in the building will be split between five-star dining, entertainment and business facilities (floors 2-6), grade A office space (floors 7-32) and a five-star hotel (floors 34-47).

In an unorthodox move, Minyoun intends to have the building's lobby on the 33rd floor so that it is easily accessible by hotel guests in the building's upper portion. Jinjiang District officials told reporters that they are confident the building will contribute to the future development of Chengdu's Finance Street.

The building is the second skyscraper project to be launched in southwest China since the rest of the industrialized world went into recession last year. Ground was broken on the 316-meter, 72 story South Asian Gate in Kunming, capital of Yunnan province, last December.

Minyoun Finance Plaza image: scol.com.cn

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