Lujiazui Financial Zone
The Lujiazui Financial Zone is a part of the China (Shanghai) Pilot Free Trade Zone and consists of the Lujiazui Finance and Trade Zone and the Expo Park Development Zone. It totals 34.26 square kilometers and is bound by Jiyang Road, Pudong Road S., Longyang Road, Jinxiu Road and Luoshan Road on the east and the south and by the Huangpu River on the west and the north. The Lujiazui Finance and Trade Zone is 24.39 square kilometers, bound by the Huangpu River, Longyang Road, Jinxiu Road and Luoshan Road. It is the financial district of Shanghai and the heart of Shanghai International Shipping Center and Shanghai International Trade Center. It plays a key role in the city’s drive to develop modern services and attract the headquarters of multinational corporations. The Shanghai government is pushing for simplified procedures for investors and innovative administration to create a better business environment that complies with international standards and Chinese laws.
Jinqiao Development Zone
The Jinqiao Development Zone, which is a part of the Shanghai Pilot Free Trade Zone, is 20.48 square kilometers in size bound by the Outer Ring Road in the east, Jinxiu Road in the south, Yanggao Road in the west, and Jufeng Road in the north. The zone teems with enterprises in advanced manufacturing, production services, and strategic new-growth industries. It also serves as a showcase of eco-friendly industries. The zone is promoting administrative and financial innovations to create good environment for trade and investment and fostering strategic growth industries that are very competitive in the world in a bid to enhance its economic vitality and innovation capability.
Zhangjiang High Tech Park
The Zhangjiang High Tech Park is 37.2 square kilometers in area, bound by the Outer Ring Road in the east and south, Luoshan Road in the west, and Longdong Avenue in the north. Being the core base for Shanghai to implement the national strategies for industrial upgrade and innovation, the park is coordinating the development of Shanghai Pilot Free Trade Zone and Zhangjiang National Innovation Demonstration Zone with a focus on boosting innovation and establishing the National Science Center. It will explore new technologies, new industries, new types of business, and new business models for sustainable growth and build a public service platform for innovation, high-tech financing, talent recruitment and environment studies.
Expo Park Development Zone
As a major part of the China (Shanghai) Pilot Free Trade Zone, the Expo Park Development Zone has a cluster of corporate headquarters and many enterprises in shipping, finance and high-end service industries. Formerly, the site of World Expo 2010, the zone consists of three blocks of land in Pudong, Yaohua and Qiantan. The Pudong block features buildings for corporate headquarters and facilities for international conventions and exhibitions, entertainment and tourism. The Yaohua block is being built as a residential and commercial complex with riverfront facilities for recreation and tourism. The Qiantan block is becoming a hub of sports, cultural and media enterprises with world-class facilities for cultural and sporting events.
The Bonded Area of China (Shanghai) Pilot Free Trade Zone
The State Council approved the establishment of China (Shanghai) Pilot Free Trade Zone on August 2013 and the FTZ was officially launched on September 29 of the same year by merging four bonded areas under the special administration of Shanghai Customs, namely Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area, and Pudong Airport Free Trade Zone. The 28.78-square-kilometer FTZ is China’s experiment field to test policies for government reform, financial reform, business innovation, foreign investment and tax reform. It also allows Shanghai to vigorously develop re-export trade and offshore businesses.
Shanghai FTZ had registered 23,243 companies by the end of 2014, 14,860 of them newly registered and 2,342 foreign-funded. They generated 16 trillion yuan (US$2.6 trillion) in business revenue in 2014, up 11 percent from the year before. Product sales rose 11.5 percent to 13.8 trillion yuan; earnings of shipping and logistics companies grew 15 percent to 118 billion yuan. Foreign trade totaled 762.3 billion yuan, an increase of 8.3 percent.