(Yicai Global) April 17 -- Shanghai's Lujiazui Financial City, home to the world's second-tallest building, is committed to bringing in new reforms and measures to lay the foundation for further optimization of its business environment, a representative of the management committee told Yicai Global.
The Lujiazui Financial and Trade Zone Management Committee has improved its efficiency and finished the approvals of policy support for companies three months ahead of schedule, the representative said. The authority approved the district's 1,399 firms eligible for policy support at the end of last month.
Pudong new district ushered in 23 new regional headquarters for multinationals last year while Lujiazui, a part of Pudong, received eight. Lujiazui welcomed another six in the first quarter of this year and is home to 105 international firms as of now, accounting for one-third of Pudong's total.
Lujiazui boasts 42,000 firms with nearly 300,000 financial employees. HSBC, Citigroup, Standard Chartered and 19 foreign banks have all set up shop there, along with more than 200 financial leasing firms. The district is working hard to build the world's best financial environment.
Editor: William Clegg