The Internet financial industrial base in the Jiading Industrial Zone, Jiading district, Shanghai, along with four other financial parks from Pudong, Huangpu and Changning districts, received recognition as recommended financial bases of the city at a cooperation promotion meeting for the bases on Dec 17.
The five bases have formed a cluster effect, attracting over 100 Internet financial enterprises in total. Although the Jiading base is in the suburbs of Shanghai, it has formed a sound industrial environment featuring e-commerce and automobile finances, with its spacious area and low business costs.
The four districts also signed a memorandum of understanding on the construction of a Shanghai Internet financial base with the Shanghai Financial Service Office and Shanghai Commission of Economy and Information. The five bases also signed an agreement to form an association.