Tourists admire the skyline view of Lujiazui area at the Bund in Shanghai, east China, Jan. 6, 2020. (Xinhua/Wang Xiang)
BEIJING, Aug. 13 (Xinhua) -- Lujiazui area of Shanghai free trade zone (FTZ) in east China will quicken the pace to build itself into a global RMB financial asset allocation center during the 14th Five-Year Plan period (2021-2025), according to a five-year plan for development of the area released on Thursday.
According to the plan, by 2025, the total number of financial institutions of various types in the area will exceed 10,000, and that of the licensed financial institutions will exceed 1,000, with their shares in Shanghai to further increase.
The Lujiazui area will make efforts to develop the headquarters economy, with the number of regional headquarters of multinational companies settling in the area to double to 200 by 2025, accounting for about 20 percent of Shanghai's total.
In the process, it will also create a demonstration zone for international first-class business environment to attract more foreign investment and support gathering of the international high-end conferences for business cooperation. (Edited by Hu Pingchao with Xinhua Silk Road, firstname.lastname@example.org)