Financial Center-Lu jiazui
2 min readLujiazui,formerly known as Lokatse from its pronunciation in Shanghainese,which literally means”Lu’s Mouth”,is located in the Pudong New District on the eastern bank of Huangpu River.It forms a peninsula on a bend of the Huangpu river,which flows from north to east.The importance of Lujiazui stems from the fact that it lies to the south of the confluence of the Suzhou Creek with the Huangpu River.
opposite the Bund,the old financial and business district of Shanghai,Until the 1980s,Lujiazui was a relatively low-built area,featuringresidential houses,warehouses and factories.Since the early 1990s,Lujiazui has been developed specifically as a new financial district of Shanghai.
Lujiazui is a national-level development zone designated by the government.In 2005 the State Council reaffirmed the positioning of Lujiazui area of 31.78 km2 as the only finance and trade zone among the 185 state-level development zones in mainland China.
Currently,there are more than 30 buildings over 25 stories commercial and over 504 domestic and overseas financial and insurance corporations located in Lujiazui.
The success of Lujiazui in the past 20 years has fueled tourism and business related travel to Shanghai.Pictures of the Lujiazui skyline dominate Shanghai tourism information.there are five five-star hotels in the area,providing approximately 2,443 rooms,and three more five-star hotels are expected in the area in the coming years,adding more than 1,200 luxury units.
There are many landmark buildings in this area,including the Oriental Pearl Tower,Jin Mao Building,Shanghai World Financial Center,Super Brand Mall,Shanghai IFC and Bank of China Tower.
The Shanghai Stock Exchange(SSE)also locates in Lujiazui,and it has the largest trading hall in Asia with 3216 trading desks.What’s more,the building of Shanghai World Financial Center is now the highest building in mainland China.