Relatives of a victim hug as they wait at a hospital where injured people of a stampede incident are treated in Shanghai, Jan 1, 2015. [Photo/Agencies]

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06:32

The number of injured rose to 43.

06:20

Most of the injured are students, Xinhua reported on its Weibo.

SHANGHAI - At least 35 people were killed and 43 others injured in a stampede at Shanghai's Bund area around midnight when huge crowds of revelers gathered to celebrate the new year.

The tragedy happened at 11:35 pm on the Chenyi Square of Huangpu District, around the Bund, a busy waterfront area in central Shanghai.

Shanghai authorities are working actively to rescue and aid the wounded, said the official website of the Information Office of Shanghai Municipality. What caused the stampede is still under investigation.

One week before the new year, Shanghai authorities canceled the city's annual New Year's Eve 3D laser display, which attracted nearly 300,000 people last year, due to crowd-control issues, CCTV news was quoted as saying.

A toned-down version of the celebration was held at several locations in the city instead.

Injured people in New Year's stampede in Shanghai have been sent to hospital in the municipality on Wednesday. The accident has caused 35 deaths and 42 injuries. [Photo/IC]

The Sina Weibo photo shows a stampede scene in the Bund as people celebrate New Year in Shanghai, Jan 1, 2015. [Photo/Sina Weibo]

The Sina Weibo photo shows a stampede scene in the Bund as people celebrate New Year in Shanghai, Jan 1, 2015. [Photo/Sina Weibo]