Huangpu District sees faster financial development

Huangpu District, dubbed as a financial center on par with Shanghai's Lujiazui, has seen faster development in its financial business.

Li Xunlei, chief economist of Zhongtai Securities,speaks during the 8th SFI Annual Conference and the 4th Bund Summit on Fintech.

Huangpu District, dubbed as a financial center on par with Shanghai's Lujiazui, has seen faster development in its financial business.

The 2017 Financial Development Index of the Bund, released at the 8th SFI Annual Conference and the 4th Bund Summit on Fintech during the weekend, stood at 122.69.

That's an increase of 8.25 percent when compared with 2016, showing that on the whole the financial development of the Bund or Huangpu District continued a steady upward trend, according to Li Xunlei, chief economist of Zhongtai Securities.

The general index has four dimensions, all of which increased to a different extent.

These indexes show that Huangpu District performs well in the prevention of financial risk as well as in developing the economy and emerging industries with the aid of finance. The construction of a scientific innovative center is also forging ahead, Li said.


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