Shanghai's ambition to build an international open hub in the Hongqiao area has taken a big leap forward with the approval of a new plan for upgrading the Hongqiao International Central Business District.
Shanghai recently unveiled a comprehensive plan to promote the integrated development of the Hongqiao International Central Business District or CBD and its surrounding areas in a coordinated manner — aiming to make the zone a key international gateway.
South Hongqiao is characterized by international public services and a highly-integrated service economy. East Hongqiao is characterized by the airport hub economy and digital service economy. West Hongqiao is characterized by the international exhibition economy and Beidou digital economy. North Hongqiao is characterized by the smart green innovation economy and manufacturing service economy.
Shanghai Hongqiao International Central Business District (CBD), the core area of the Hongqiao International Open Hub, is a center for high-end trade, services and exhibitions.
As the core area of the Hongqiao International Open Hub, the Hongqiao International Central Business District covers 151.4 square kilometers, forming a so-called 1+4 overall pattern, meaning "One core, Four areas".
