Shanghai to Extend Financial Street Along the Bund

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SHANGHAI, Apr. 10 – As part of the city’s ambitions to be an international financial and shipping center by 2020, the financial street along the Bund will be extended southward to Nanpu Bridge forming a 2.6 square kilometer zone.

It will span from the south bank of Suzhou Creek in the north to Lujiabang in the south, and Huangpu River in the east while the coastline along the riverside will be 4.8 kilometers long.

Sun Lijian, deputy director with School of Economics at Fudan University, told China Daily: “The financial street along the Bund will serve as a platform for dealing with personal insurance, financial settlement, trust and arbitration.”

The Shanghai government plans to establish the city as an international financial center by pouring in more development on the Bund financial street and the Lujiazui financial and trade zone in Pudong.