Shanghai's focus on North Bund continues

Shanghai's booming North Bund area has developed dramatically over the past decade, and that massive growth will continue apace as companies involved in shipping, financial services and other key industries flock to the area.

That's according to Sun Jianping, Party secretary of Shanghai's Hongkou district, who told China Daily that the latest figures show there are more than 3,000 shipping service companies and 20 major industry bodies and institutions headquartered in North Bund.

He added that the area - facing the famous Bund financial strip and Lujiazui areas across the Huangpu River - has ambitious plans to establish itself as one of the world's most modern and ambitious shipping and financial services clusters.