Vacating Cage to Change Bird of the Original Beijing Zoo Clothing Wholesale Market: The Vivid Practice of Urban Function Redistribution and Industrial Upgrading 

In this study, the Xicheng Fintech Characteristic Industrial Park (referred to the former Beijing Zoo Clothing Wholesale Market, Zoo Wholesale Market in short, the transformation case of vacating cage to change bird) was taken as the research object, so as to dive deep into the successful practice of non-capital core function distribution and regional industrial upgrading under the background of the Beijing-Tianjin-Hebei coordinated development strategy. By virtue of analyzing the process of the Zoo Wholesale Market transforming from a traditional clothing wholesale market to the National Fintech Demonstration Zone, the role of multiple factors, such as policy guidance, market mechanism, enterprise participation, etc., in this process as well as the benefits it has brought to the economy, society and urban development was illustrated. In such a way, Chinese experience and references are provided for the urban function optimization and industrial upgrade in the globe.