Sustained growth vowed for finance hub plan

As part of efforts to support Shanghai's position as the nation-leading financial hub, authorities are continuing their efforts in developing the Lujiazui Financial City.

The Lujiazui Emerging Financial Park within the Lujiazui Financial City has since its establishment in October 2014 proven to be a very attractive place for private equity funds to do business. According to authorities, 21 percent of private funds in China have offices in Shanghai and 80 percent of them are based in Lujiazui Financial City.

The financial city has attracted about half of the 15 members in the Private Fund Committee of the Asset Management Association of China. In addition, four of the top 10 domestic financial leasing companies have set up development bases in the zone.