Shanghai's Financial City Aims to Provide Best Business Environment for Firms
Wu Qixuan
/SOURCE : yicai
Shanghai's Financial City Aims to Provide Best Business Environment for Firms

(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

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Keywords: Lujiazui Financial City , Policy Support , Enterprises