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Shanghai Financial Valley aims to promote industrial development

( chinadaily.com.cn ) 2015-07-28

Shanghai Financial Valley aims to promote industrial development

The rendering image of the Shanghai Financial Valley [Photo/jiading.gov.cn]

The Shanghai Financial Valley in Jiading district is striving to develop into an international financial service platform in the Yangtze River Delta, the local media reported on July 20.

The newly-opened valley, situated on an area of 67 hectares, is developed by the Shanghai Quantong Financial Valley Co, with a total planned investment of 6 billion yuan ($966.2 million).

As a new industrial base for financial service outsourcing and the Internet finance, the valley is slated to have two exchange centers for credits and equities, according to Lin Zhenxiong, the president of the company.

Apart from joining hands with the Lujiazui Financial and Trade Zone and the Bund financial cluster in downtown Shanghai to form an integrated financial service system, the valley will also facilitate the incubation of high-tech companies and start-up businesses with favorable policies and financial services.

Lin also added that the valley is expected to generate considerable financial and tax revenues for the district and the city as well as attract many high-tech and financial professionals when it starts full operations.

MAIL TO DISTRICT CHIEFzxi@jiading.gov.cn

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Jiading Fahua Pagoda

The Fahua Pagoda, 40.8 meters tall, is a square, brick-wood structure with seven stories, accessible by ladders.