The Changfeng ecological business district is among the first batch of modern service centers promoted by the city government. It has been deemed as a demonstration for transformation of Shanghai's old industrial zone.
After nearly a decade of development, the Changfeng district, which now becomes the core area of the new science and technology financial park, has begun taking shape. A number of headquarters have been based in the park, such as the US-based Ecolab Inc, a food safety and environmental protection solutions provider, the Asia Pacific headquarters of Tarkett, a flooring company, and Ele.me, the popular online food delivery company. The Changfeng district has established a complete financial system on mergers and acquisitions. It is estimated that by 2020, the total annual tax revenue of Changfeng Eco-Business District will reach 16 billion yuan ($2.4 billion).
Research and development
In the future, the Shanghai Science and Technology Financial Park will focus on research and development, financial innovation, scientific achievement transformation and the integration of industry and finance development. It will also take ecological and environmental measures and make contributions to regional development.
According to the blueprint, the park will form three major industrial clusters on scientific innovation, finance and the high-end comprehensive service industry.
The scientific innovation cluster plans to gather high-tech companies along with R&D and training centers on artificial intelligence, intelligent manufacturing, robotics, big data, cloud computing, block chain and intelligent hardware.
The finance industry cluster will gather a batch of traditional finance, consisting of banking, securities, insurance and funds along with the new financial forms represented by Internet finance and financial leasing.
The service cluster will include a trading platform, service agency, industry alliance and association, as well as research institutions and laboratories.
A series of industry service platforms have been gradually formed in the park.
The China Science and Technology Innovation Finance Alliance, for instance, aims to attract more social investments to scientific innovation and startup companies and help to promote the industrialization of innovation achievements of the companies.
Industry support
Putuo will also take this as an opportunity to further increase the financial industry support and create a good business environment.
Putuo has issued a guideline to accelerate developing the financial service industry.
It says the district should focus on policy guidance and the financial headquarters economy, as well as enhance the quality of cohesion and radiation of the financial industry in Putuo.
The guideline encourages qualified large-scale enterprise groups to set up financial companies to improve the efficiency and level of capital utilization.
The district government has also released a batch of supportive policies to back the development on scientific and innovative industries. Many of the policies aim to attract more global professionals to Putuo.
Several senior experts and company officials, including Xu Zhen, Party secretary and president of the Shanghai Clearing House, Li Huaizhen, executive director and president of the China Minsheng Investment Co, Jin Yu, Party secretary and board of chairman of Bank of Shanghai, and Ding Jianping, director of the Research Center for Modern Finance at the Shanghai University of Finance and Economics, gave keynote speeches on financial industries at the forum.
