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About Lujiazui

(China Daily) Updated: 2015-10-22 13:45

Lujiazui is in Pudong New District on the eastern bank of Shanghai’s Huangpu River. It lies directly across the river from The Bund, an old business district, and south of the confluence of Suzhou Creek and Huangpu River. Until the 1980s, the area was relatively undeveloped, featuring residential houses, warehouses and factories.

Established in 1990 by the State Council, Lujiazui Financial and Trade Zone is at the forefront of China’s reform and opening-up and at the core area of Pudong’s development. The entire zone covers an area of 13.2 square miles, including a 2.6 square miles planning and development area with more than 100 buildings and skyscrapers.

Finance, insurance and securities are the three leading industries in Lujiazui Financial and Trade Zone. Over recent decades, its modern service industry system, with finance at the core, has been on a steady development track. Lujiazui has become an important economic growth centre. It is characterised by concentrated financial investors, comprehensive markets and strong capital distribution functionality.

The Lujiazui area was incorporated into the China (Shanghai) Pilot Free Trade Zone when the State Council approved the expansion of the zone in April.

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