In 1993, the Pudong New Area was founded, and in August 2013, the State Council decided to establish the China (Shanghai) Pilot Free Trade Zone (SHFTZ) in the Pudong New Area, which include FTZ Bonded Area, Lujiazui Financial Area, Jinqiao Export Processing Zone, Zhangjiang High Tech Park, Expo Area.
It is under Shanghai's jurisdiction, situated on the east bank of the Huangpu River, resting at the intersection of China's coastal belt and the Yangtze River estuary.
It has a total area of 1,210 square kilometers, and a resident population of 5.47 million.
Its average temperature is 16.2 ℃, and the average annual rainfall is about 1100 mm, with about 131 rainy days per year. The altitude descends from the west to the east, with an average elevation of 3.87 meters.
In 2016, the GRP of Pudong New Area was 873.25 billion yuan, up 9.1% compared with the last year. Shanghai’s 31.79% of GRP in 2016 was from Pudong New Area. Regional Headquarters of Multinationals
More than 300 Fortune 500 companies have set up operation in the Pudong New Area. Registered capital of multinational headquarters reached $13.1 billion, with annual revenues reaching 296.3 billion yuan and annual tax contributions reaching 24 billion yuan.
First-class Business Environment
By the end of 2015, Pudong has become home to around 900 licensed financial institutions. It also had a total of some 10 million sqm of existing commercial space and 3.5 million sqm under construction. The New Area is ranked No.1 in the scale and growth rate of retail business among all districts and counties across Shanghai.
Efficient and Convenient Government Services
The number of administrative approval items has reduced from 724 to 204, with the average turnaround time for approval from 22 to 8 working days. Pudong is the first district in Shanghai to have an “authority list” and a “responsibility list”, so as to ensure that the government has a limited involvement in the market while providing effective services and regulation support in a transparent, efficient and law-based manner.
As a vital transportation hub in Shanghai, Pudong is home to three international air and sea ports, including Waigaoqiao Port, Yangshan Deepwater Port, and the Pudong International Airport. A network of four bridges and 12 tunnels spanning the Huangpu River has been developed in Pudong. It is also served by an integrated transport system consisting eight enclosed overhead lines and freeways, such as Inner Ring and Outer Ring, and 12 metro and maglev lines.
Lujiazui Finance and Trade Zone
Key industries: headquarters and operation centers of international financial institutions, financial leasing and asset management, marine finance, consultation, maritime law and arbitration and international ship management, factor market for trade and commerce, art, performance and exhibition industries.
Services: financial service, shipping service, trade service, professional service
Waigaoqiao Bonded Area
Special customs areas: Shanghai Waigaoqiao Free Trade Zone, Shanghai Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area, Shanghai Pudong Airport Free Trade Zone
Services: international trade, financial services, modern logistics, professional services, advanced manufacturing.
Zhangjiang Hi-tech Park
Key industries: integrated circuit (IC) , bio-pharmaceutical, software service, information technology (IT), culture and Creativity Industry, low-carbon and New Energy
Jinqiao Economic and Technological Development Zone
Key industries: automobile industry, electronic information industry, smart equipment industry
Key industries: high-end cultural industries
Services: cultural and media services, specialized services, entertainment services, financial investment, economy of headquarters
Key industries: integrated circuit, re-manufacturing, optical information, new material
Modern services: science and technology, culture, business, finance, tourism.
International Resort Area