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Financial valley to be built
At a recent financial service fair, a number of medium and small-sized enterprises expressed strong interest in the planned Shanghai Financial Valley in Jiading District.
According to the plan, the valley covers an area of 66.7 hectares and a gross floor area of 1 million square meters. With an initial investment of 3.1 billion yuan (US$500 million), the project is expected to bring in more than 10 billion yuan in income from financial-related industries and provide 15,000 job opportunities for local people upon completion.
Ma Chunlei, the Party secretary of Jiading District, said that the building of the financial valley can give full play to the city’s advantages in financial talents, industry agglomeration and technological innovation. It will serve the construction of the city’s international financial center and boost the real economy.
“A new business model will be established here,” said Lin Zhenxiong, the board chairman of Shanghai Financial Valley.
“We are not the property developer, but the business operator of the valley,” he added.
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