NDB to enhance Shanghai's role as financial center

The New Development Bank, which is the first international financial institution to set up its global headquarters in Shanghai, had its structure ceiling ceremony on Wednesday, further helping the city to build itself into an international financial center.

The building of the NDB headquarters started in early September 2017 and is expected to be completed in September 2021. Covering a total construction area of 126,000 square meters in the eastern part of Shanghai, the 150-meter-tall building will be able to accommodate 2,000 employees when put into full use.

Ma Chunlei, director of Shanghai Municipal Development and Reform Commission, who is also in charge of the NDB building's construction, said that up to 60 percent of the electrical and mechanical equipment, as well as 80 percent of the curtain wall system, will be completed by the end of this year.