Chinese cities are climbing the ranks as the world's most powerful, with Hong Kong, Beijing and Shanghai now topping household names like Los Angeles, Berlin and Tokyo, to name a few.

Shanghai’s North Bund area is set to become the next commercial hub in the city.

Change is constantly taking place in Shanghai, and one of the areas currently undergoing the most extensive of developments is the North Bund.

Located in the city’s Hongkou district where the Suzhou Creek and Huangpu River meet, the North Bund has long been a hub for the international shipping industry.

Presently, the 4-square-kilometer area is the largest redevelopment zone in downtown Shanghai following the release of a master plan by the municipal bureau of planning and land resources. The bureau now aims to further unlock the area’s potential as a commercial district.

According to Wu Xinbao, secretary of the Hongkou district committee, the North Bund will become “a new benchmark for urban development in the new era, a core engine and a landmark for the city’s development”.

To achieve this goal, the North Bund Development and Construction Expert Committee was established.

Based on the plan, the area will be divided into three zones: the central business zone comprising office buildings and commercial facilities, the Tilanqiao zone in the east and the Hongkou port zone in the west where historical and cultural elements will be restored.

“In line with international standards, we will strengthen global resource allocation and optimize the business environment in the area, building it into a central region for global headquarters and a meeting room for the world,” Wu told Shanghai Media Group in an interview in January.

The surrounding 60,000 square meters of parkland and more areas in the North Bund area will also be opened up for commercial development this year. The region will feature over 200 office buildings aimed at attracting global enterprises to set up regional headquarters, space for conventions and events, and a grand theater with more than 2,000 seats.

A 480-meter skyscraper, which would become the tallest building on the western bank of Huangpu River, and two other buildings measuring 380 and 320 meters in height, will also be constructed in the region.

The North Bund — the place where the city’s shipping industry was birthed when the first harbor was established by the British East India Company in 1845 — is presently home to about 4,600 shipping companies such as COSCO Shipping, nearly 1,800 domestic and international financial enterprises, one-eighth of China’s mutual funds and about US$900 billion in assets under management.

As of December 2020, the area has introduced 279 key projects with a registered capital of over 30 million yuan (US$4.62 million). These projects make up nearly 120 billion yuan in investments.


Shanghai’s North Bund area is set to become the next commercial hub in the city.

Authorities said that they are planning to introduce more leading global financial institutions and shipping enterprises, as well as further develop financial services in multiple fields including asset management, equity investment and venture capital.

Meanwhile, access to every corner of the city from the North Bund will be enhanced by a renovated transport network that includes new metro lines and bus stops. In addition, 11 blocks spanning 0.5 square kilometers will be designated as “slow zones” where cars share the pathway with pedestrians and cyclists. There will also be an underground parking area that would help alleviate traffic pressure.

Despite the focus on transforming the area, the development plans for the North Bund includes efforts to preserve its history, which can be traced back to 1843. The area used to be a wartime sanctuary for some 20,000 Jewish refugees fleeing Europe from 1933 to 1941 during the Nazi era.

Cultural landmarks, including the Memorial for the Site of the Fourth National Congress of the Party in Shanghai, are currently undergoing renovation.

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0:00 Intro
1:08 The North Bund Walking Tour
46:35 The Garden Bridge Of Shanghai
51:07 The Bund
01:01:01 Exotic building clusters in the Bund

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