Financial street to extend as Shanghai eyes global status

SHANGHAI: Shanghai's transformation into a global commercial center will include expansion of the financial street along the Bund, known as "Eastern Wall Street".

It will be extended southward to Nanpu Bridge to form a 2.6-sq-km zone along the west bank of the Huangpu River, sources said.

Shanghai last month received approval from the State Council to build an international financial and shipping center by 2020, putting expansion along the Bund high on the Shanghai government's agenda.