Construction begins on Chinas Shenzhen Stock Exchange designed by OMA (CN/NL)

On Thursday 22 November, 2007 officials from the Shenzhen Stock Exchange (SSE) and local government together with representatives from the Office for Metropolitan Architecture (OMA) have broken ground for the construction of the new headquarters for China's equivalent of the NASDAQ.

Artist impression of the Shenzhen
Stock Exchange.

The new SSE is planned as a financial center with civic meaning. The external area is designed as a public space for festivals and gathering whilst the 250-meter tall tower will host the trading floor of high-tech and many new, high growth stocks as well as the SSE offices, registration and clearing house, the Securities Information Company and ancillary services in a gross floor area of 200,000 m².

The premise of OMA's design is based on the essence of the stock market as speculation and the desire to create a building that is beyond symbolism for an almost virtual stock market.

For millennia the solid building has stood on a solid base which anchors the structure and connects it emphatically to the ground. In the SSE building the traditional base is lifted up the tower to become a floating platform to broadcast the economic information of the virtual market and in turn liberate the space on the ground for public space and events.

Founder and Partner of OMA, Rem Koolhaas, OMA's Managing Partner Victor van der Chijs and the Senior Associate in charge of the project Kunle Adeyemi were present at the ceremony, along with the entire project team - including the OMA team now relocated to Shenzhen to ensure the proper completion of the building.

"The progress of this project has been a source of pride for both parties," said OMA Managing Partner, Victor van der Chijs. "Less than one year ago OMA was announced the winner of the design competition and we now have a dedicated team in Shenzhen to oversee the completion of The Stock Exchange in 2010," said Mr van der Chijs.

Mr. Adeyemi added that "In spite of the accelerated design process, the team is pleased to have been able to retain and enhance the project's original concept design intents."

The Stock Exchange will be built in Shenzhen's new Financial District adjacent to the administrative and cultural center of the city.

Source: OMA

Artist impression of the Shenzhen Stock Exchange. The groundbreaking ceremony.

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