Jinqiao Economic and Technological Development Zone, which only covers 2 percent of land in Pudong, has contributed to 25 percent of Pudong's industrial economy scale.
The government of Pudong New Area has introduced 16 measures aimed at fostering the area as a new hub for the development of a headquarters economy.
Since the establishment of the Jinqiao Comprehensive Bonded Area in 2002, Pudong New Area has never slowed its institutional innovation.
More than 90 percent of imported cosmetics sold during the Shanghai May 5 Shopping Festival were delivered from the Waigaoqiao bonded area.
The Jinqiao Comprehensive Bonded Zone is being encouraged to carry out some of the financial reforms already implemented in the China (Shanghai) Pilot Free Trade Zone.
A "cloud signing" ceremony for 18 regional headquarters of multinational companies was held on May 5.
The China (Shanghai) Pilot Free Trade Zone (FTZ) in East China's Shanghai has carried out more than 100 institutional reforms since 2013.
The Waigaoqiao bonded area of the China (Shanghai) Pilot Free Trade Zone, established in 1990, is the first of its kind in the country.