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Zhangjiang High Tech Park shows 20-year achievement

SHANGHAI Zhangjiang High Tech Park is now home to about 16,000 companies, including 940 high-tech firms and over 1,000 research and development centers.

The Pudong-based park kicked off its first-phase expansion last year by merging five industrial parks in Hongkou, Xuhui, Changning, Songjiang and Minhang districts. The merger enlarged the park's total area from 63 square kilometers to 296.4 square kilometers.

The park's management hopes the merger will enable it to optimize its layout, facilitate its industrial upgrade and restructuring, and achieve higher efficiency of its resources.

The park is currently holding an exhibition at Shanghai Science and Technology Museum to show off its development in the past 20 years and high-tech products developed by companies in the park. The show opened today and is free to visitors.

The park was designated as the third national innovation hub last year after Beijing Zhongguancun Science and Technology Park and Wuhan Donghu New Technology Development Zone.

Shanghai has worked out a host of preferential policies for the development of the Zhangjiang High Tech Park, including tax breaks, incentives for talent, and flexible financing.


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