Huangpu District Achieves Economic Density of 163 Billion Yuan per Square Kilometer, Leading Shanghai

Deep News
08/27

By the end of 2024, Huangpu District recorded a gross regional product of 334.4 billion yuan, with an average comparable growth rate of approximately 4.5% during the first four years of the 14th Five-Year Plan. The district's economic density reached 163 billion yuan per square kilometer, maintaining its leading position citywide and ranking among the top nationally. District-level general public budget revenue hit 29.9 billion yuan, achieving an average annual growth rate exceeding 6%.

During a municipal government press conference held this morning, part of the "Practical Work Creates Results, Relay to New Blueprint" series focusing on Shanghai's 14th Five-Year Plan achievements, Huangpu District highlighted its efforts to "build new peaks of central urban district functions and new benchmarks of quality."

According to Huangpu District Party Secretary Gao Yun, since the 14th Five-Year Plan period began, the district has focused on building a core leading area while following the development theme of "new functional peaks and new quality benchmarks." The district has promoted high-quality development, created high-quality living standards, and achieved high-efficiency governance, steadily enhancing urban development capabilities and comprehensive competitiveness.

During the 14th Five-Year Plan period, Huangpu's high-end industries became a "powerful engine" for development. The district strengthened the "four major functions" and served Shanghai's "five centers" construction to enhance industrial development capabilities, building new highlands for high-quality development.

The district continuously strengthened the Bund's financial clustering advantages. The financial industry's added value grew steadily, with an average growth rate of 6.5% from 2021 to 2024. In 2024, the financial industry's added value reached 128.6 billion yuan, accounting for 38.5% of the district's GDP and nearly one-sixth of the city's financial industry. Financial market transactions within the district maintained the city's leading position, reaching 2,601 trillion yuan in 2024, accounting for over 70% of the city's total.

The district successfully hosted high-profile events including the Bund Conference and Bund Financial Summit. It received approval to build the city's first equity investment cluster and fintech cluster, creating a globally-oriented fintech ecosystem community. The International Monetary Fund (IMF) Shanghai Regional Center was successfully established.

The district accelerated the enhancement of technological innovation capabilities. It planned and constructed a central innovation zone in the Expo Puxi Park area, building a "1+N+1" industrial system centered on fintech, breakthrough future industry tracks, and technology services support. A robotics industrial base and brain-computer interface innovation center were established. Municipal-level incubation platforms and innovation carriers within the district increased annually, with innovation entities accelerating their concentration.

The district continuously promoted consumption "breakthroughs." The three major commercial districts of Nanjing Road, Huaihai Middle Road, and Yu Garden accelerated transformation and upgrading. The district took the lead in building Shanghai's night economy refined governance demonstration zone, actively promoting the construction of demonstration areas including the Shanghai International Jewelry Fashion Functional Zone and global new product launch destination. Key projects including Century Square and Pacific Place commercial center were completed.

Business, tourism, culture, sports, and exhibitions innovatively collaborated. New consumption scenarios and formats like Bailian ZX Creative Field rapidly developed. Events such as the Paris Olympics qualification series and Shanghai International Flower Show were spectacular. Cultural IPs like "Blossoms" and "Yu Garden Lantern Festival" ignited consumption enthusiasm.

The district vigorously promoted departure tax refund and immediate refund services, comprehensively establishing centralized refund points in key commercial districts. Shanghai's first "citywide refund point" provided one-stop tax refund services for overseas travelers, achieving leapfrog growth in the district's departure tax refund business volume.

During the 14th Five-Year Plan period, Huangpu's livelihood guarantees established a "foundation of happiness." Deeply practicing the important concept of people's cities, the district used the best resources and made the greatest efforts to "enhance" people's livelihood, "accelerate" happiness, and "warm up" life. The district was rated as one of "China's Most Happiness Cities" for two consecutive years in 2023 and 2024.

Education developed with high quality and balance. The district successfully created Shanghai's Child-Friendly Pioneering Practice Zone and Compulsory Education Quality Balanced Development Zone, receiving approval to build a national experimental zone for compulsory education teaching reform, making "excellent education" Huangpu's brightest livelihood calling card.

Medical and health services became more inclusive and accessible. The district continuously deepened the construction of integrated medical consortiums, innovated community health service center "cloud clinic" telemedicine services, and piloted building health services. Medical services were optimized and upgraded, and the hierarchical diagnosis and treatment system was continuously improved.

Elderly care services improved in quality and efficiency. The district cultivated the "Five-Side Elderly Care" service system, with family care bed services ranking first citywide. Elderly meal assistance services reached 63 "district-wide shared" locations.

Employment and entrepreneurship services were upgraded. The district built a "15-minute employment service circle" and pioneered the "Huangpu Card" worry-free entrepreneurship channel citywide, promoting more adequate and higher-quality employment.

During the 14th Five-Year Plan period, Huangpu consistently treated urban renewal as the greatest livelihood issue and development priority, continuously elevating urban functional quality to new levels. In July 2022, the district completed comprehensive renovation of old residential buildings below second-class standard, marking the successful conclusion of large-scale comprehensive urban renewal projects that had continued for 30 years in Shanghai's central urban areas. During the 14th Five-Year Plan period, the district completed comprehensive urban renewal for over 37,000 households. From 2023 to 2024, the total number of residents benefiting from "two-old" renovations exceeded 7,000 households.

The district formulated an urban renewal action plan for the Bund's second facade area, pioneering the implementation of a "three-expert collaboration" mechanism involving responsible planners, architects, and assessors. The old Municipal Government Building completed renovation and restoration, regaining its former glory.

Construction of key functional areas including Datian Di, South Bund, and Jinling Road proceeded orderly, creating new urban development spaces with more heritage, vitality, and characteristics.

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