China / News


(China Daily) Updated: 2015-10-22 12:46

April 18, 1990: The State Council welcomed overseas investment and announced the development of Pudong district in Shanghai.

June 1990: The State Council named the Lujiazui Financial and Trade Zone.

October 1990: The Shanghai city government established Lujiazui Financial and Trade Zone Development Co.

November 1990: The Shanghai Stock Exchange, the first exchange in the People’s Republic of China, was founded in Lujiazui.

June 1995: The Shanghai branch of the People’s Bank of China moved from Puxi to Pudong, recognised as the official launch of the Lujiazui Financial and Trade Zone.

September 1995: Fuji Bank’s Shanghai branch was established, the first foreign-funded bank in the People’s Republic of China.

October 2004: Lujiazui Functional Zone was established to administer the communities in Lujiazui, Weifang, Tangqiao, Yangjing and Huamu streets.

September 2005: The State Council reaffirmed the Lujiazui Financial and Trade Zone would cover 12.2 square miles.

April 2009: The former Nanhui district was incorporated into Pudong New District. January 2010: Lujiazui Financial and Trade Zone’s management committee was established.

September 2013: The 11-square-mile China (Shanghai) Pilot Free Trade Zone was officially launched in Pudong.

April 2015: Shanghai Free Trade Zone was expanded to include Lujiazui and two other districts.

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