The brand new stock exchange building in Shenzhen, China, has finally completed construction. Conceived and developed by Rem Koolhaas' Office for Metropolitan Architecture (OMA), the structure is the firm's second building in China following the CCTV Headquarters in Beijing.
Nicknamed 'the miniskirt', the building was slated to open in May. However, delay in construction postponed the opening date. No news of when the building will officially open is out yet.
OMA won a competition in 2006 to design the stock exchange building. The structure has been designed to physically represent a virtual stock market.
The 46 story tower is 254 meters tall and has a raised podium. The podium is a three-floor pavilion, elevated at 36 meters above the ground. It consists of the listing hall and all other stock departments. Each floor spans an area of 15000 square meters. At the roof of the podium is a landscaped garden, reports Dezeen.
The building has been designed with dark neutral glass, so it can change colors in different climatic conditions. The glass also creates a deep façade that controls the amount of sunlight entering the building and improves natural day light and reduces energy consumption during the day. The building is one of the first 3-star green rated towers in China, according to ArchDaily.
"The Shenzhen Stock Exchange embodies the Pearl River Delta's phenomenal transformation over the past thirty years. We are greatly excited about the building from an architectural standpoint, but I believe its true significance emerges when viewed in an economic, political, and ultimately social context. We are immensely honoured to contribute to Shenzhen's 21st century landscape," Rem Koolhaas said in a statement, according to Inhabitat.com.
Designboom writes about the new Shenzhen Stock Exchange:
The 46-storey 'shenzhen stock exchange' stands as a new financial center for the city, that holds civic meaning. positioned within shenzhen's main artery-on the north-south axis between mount lianhua and binhe boulevard, and the east-west axis of shennan road-engaging the city not as an isolated object, but a meeting point, generating new relationships within the urban context.
About The Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE) is one of the two major stock exchanges of China, the other being the Shanghai Stock Exchange (SHSE). It was established in December 1990 and started operating in April 1991. SZSE is a member of both the World Federation of Exchanges (WFE) and the Asian and Oceanian Stock Exchanges Federation (AOSEF). It is also an affiliate member of the International Organization of Securities Commissions (IOSCO).
Click to view the official website.
The Shenzhen Stock Exchange was also named the world fastest growing market in 2011. The China Securities Regulatory Commission (CSRC) is considering merging the SZSE and the SHSE. The proposal will involve moving the shares currently listed on the SZSE to the SHSE, and establishing a second board in Shenzhen. However, no detailed time frame has been allotted to the proposal yet.
