Shanghai’s Huangpu District: A Hot Spot for Science, Innovation, and Financial Capital

Shanghai’s Huangpu District is looking to attract global investors to the new Central Science and Innovation Zone along the Huangpu River. To do this, the district has recruited leading companies and organizations as global investment promotion partners. This riverside area, which showcased urban governance innovations during the 2010 World Expo, will now focus on science and innovation companies, financial capital, and international cooperation.

Huangpu District is already developing a robust science and innovation industry system with a focus on digital technology and health sciences. In 2023, the district achieved a GDP of 315.7 billion yuan (US$43.6 billion), marking a growth of 5.9 percent and positioning it as second in the city while leading the central districts. The financial sector played a significant role in this growth, contributing 43 percent of the district’s total added value.

To further enhance its financial influence globally, Huangpu District plans to host high-level financial events like the Bund Summit to drive growth in financial technology and asset management. Additionally, the district aims to become a world-class trading hub by upgrading popular shopping destinations such as the Nanjing Road Pedestrian Mall, Huaihai Road M., and Yuyuan Garden Malls. These locations are set to become premier destinations for commerce and tourism in the future.