Haibin Subdistrict is situated in the southern part of Binhai New Area, with Nangang Industrial Zone to the east and Huanghua City in Hebei Province on the opposite side of the river to the south. It is an integral part of the southern urban area of Binhai New Area. Covering an area of approximately 158 square kilometers, it is home to a permanent population of around 230,000 people, including over 7,000 individuals from 37 ethnic minority groups and more than 10,000 rural residents. The subdistrict encompasses six administrative villages, including one Hui ethnic village, as well as 39 community neighborhood committees.

The Suaeda Grass Viewing Corridor is currently the longest wooden corridor in the oilfield. From here, visitors can enjoy the breathtaking sight of the sprawling red sea formed by the continuous suaeda grass. The subdistrict is also host to four large state-owned enterprises: Dagang Oilfield Company, Dagang Petrochemical Company, Bohai Equipment Company, and Bohai Drilling Company. Additionally, there are over 1,600 various types of enterprises and institutions, as well as more than 5,500 individual businesses.

Haibin features an industrial park with a total land area of approximately 131.12 hectares and a planned construction land area of 125.98 hectares. Among the designated land, 49.82 hectares are allocated for industrial use, while 14.38 hectares are designated for commercial purposes. The industrial park focuses on high-end equipment and enterprise incubation, with an emphasis on machinery processing and metal manufacturing. Currently, there are 16 enterprises operating within the park, including Aokai Oil Machinery Co., Ltd., Pusen Drilling Equipment Co., Ltd., and Helifeng Metal Manufacturing Co., Ltd. The industries primarily revolve around equipment manufacturing and machinery processing. Haibin Subdistrict aims to enhance the industrial chain, strengthen the industrial foundation, and modernize the industrial chain. It strives for economic development through project attraction and incubation, gradually forming five major advantageous industries in clean energy, machinery and electronics, equipment manufacturing, cutting-edge technology, and modern agriculture.