April 19, 2017

Lujiazui wants to recast as a hub of shipping, culture, leisure

Lujiazui Financial District will also develop tourism and shipping industries, according to a plan unveiled by officials at a media interview on Monday.

Little Lujiazui, the waterfront area facing the Bund across the Huangpu River, is for business, sightseeing and shopping. The north section along the river will feature exhibition and performance facilities. The south section along the river will be the so-called art and leisure belt.

Pudong Avenue will be developed as a hub of shipping companies and service providers while Century Avenue will focus on commercial and creative industries. Areas along Zhangjiabang River will form a community of software and creative companies. Yangjingbang River will have waterfront establishments for performing companies and fashion designers.

The financial district will pool resources to serve Shanghai Stock Exchange, China Financial Futures Exchange and other institutions and establish itself as an international financial assets trading center.

Big data technology will be used to issue financial indexes and make Lujiazui one of the world's main benchmark indexes, officials said.

Pudong Art Museum, Pudong branches of Shanghai Museum and Shanghai Library, and a scattering of professional museums, art galleries, design workshops and literary cafes will open one by one in the Lujiazui district, they added.