Today, 28 years ago, the Central Committee of the Communist Party of China decided to develop and open Pudong and approved the establishment of Pudong New Area in 1992. As an important part of China's historical turning point, Pudong has created new opportunities for China's development.

Today, 28 years later, Pudong is no longer a "small fishing village" on the banks of the Huangpu River. Towers of skyscrapers and the presence of a securities and financial exchange have jointly composed the achievements of Pudong in 28 years. A brilliant record of "No. 1 in the country"!

Speaking of Pudong in Shanghai

I believe you will think of

Oriental Pearl Tower, Jin Mao Tower, World Financial Center...

Pudong in Impression

It has always been a trendy place with tall buildings and shoulders.

However, Pudong 28 years ago

Just a "small fishing village" by the Huangpu River

 

 

With the accelerated pace of reform and opening up

Earth-shaking changes have taken place in Pudong:

Total GDP, total foreign trade import and export, total fiscal revenue, total industrial output value above designated size

Compared to before development

 

 

Pudong Development gradually opens the door to China's opening up

The socialist market economy system has gradually improved

Pudong is also gradually striving to be the vanguard in reform and opening up

Brother Qingchun will show you today

28 years of development in Pudong

Created 28 "National No. 1"

 

1990

 

1 The first financial and trade zone

Lujiazui Financial and Trade Zone, approved for establishment in 1990, is by far the only national development zone named after financial trade.

 

2 The first export processing zone

Jinqiao Export Processing Zone was approved for establishment in 1990.

 

3 The first bonded area

Waigaoqiao Free Trade Zone was approved for establishment in 1990.

 

4 The first stock exchange

The Shanghai Stock Exchange was established on November 26, 1990.

 

1992

 

5 The first foreign company for import and export trade in the bonded zone

On July 26, 1992, Japan ITOCHU Corporation, the country's first foreign company engaged in import and export trade in China's bonded zone, was registered in the Waigaoqiao Bonded Zone with national approval.

 

6 The first foreign insurance company

On September 25, 1992, AIA Shanghai was registered and opened in Pudong with the approval of the People's Bank of China.

 

1993

7 Recruiting cadres for the first time

On January 28, 1993, Pudong first broke the restrictions on household registration, identity and industry, and recruited a total of 40 party and government officials, including 2 deputy directors, across the country.

 

8 The first land development model to try real land transfer and idle capital transfer

In 1993, Pudong took the lead in the country to try the land development model of real land transfer and idle funds transfer, setting many firsts in the history of urban construction in China.

 

9 The first to establish a bonded trading market

In November 1993, the Waigaoqiao Free Trade Zone took the lead in setting up a bonded trading market, Shanghai Bonded Production Material Trading Market.

 

1994

 

10 The first cooperative school project

On November 8, 1994, the Shanghai Jiao Tong University China Europe International Business School, founded by the Shanghai Municipal Government and the European Union, was established in Jinqiao Development Zone to lay the foundation.

 

1995

 

11 The first foreign bank

On September 28, 1995, the Shanghai branch of Fuji Bank, the first foreign bank, opened in Pudong.

 

12 The first retail joint venture

On December 20, 1995, the first Yaohan Co., Ltd., China's first Sino-foreign joint venture commercial retail enterprise approved by the State Council, opened.

 

1996

 

13 The first joint venture foreign trade company

On October 24, 1996, Lansheng Dayu Trading Company, the country's first Sino-foreign joint venture foreign trade company, was established.

 

14 The first pilot area for foreign-funded financial institutions operating RMB business

In December 1996, with the approval of the State Council, the People's Bank of China approved a pilot program for foreign-funded financial institutions to operate RMB business in Pudong, Shanghai.

 

1999

 

15 The first foreign investment in a Chinese bank

On September 10, 1999, the International Finance Corporation, headquartered in the United States, invested 100 million shares of Bank of Shanghai (RMB 2.12 per share), accounting for 5% of the shares.

 

2001

 

16 The first joint venture fund management company

On January 17, 2001, Guotai Junan Securities Co., Ltd. and the German Bank of Dresden established the country's first Sino-foreign joint venture fund management company.

 

17 First overseas recruitment

On August 16, 2001, Pudong went to the United States to recruit talents, 2500 applicants for 238 demand positions. Later, in October 2003, Pudong brought more than 180 senior positions to Europe to recruit international high-level talents.

 

2005

 

18 The first comprehensive supporting reform pilot

On June 21, 2005, the State Council approved the first pilot national comprehensive reform in Pudong New Area, focusing on transforming government functions, transforming economic operations, and striving to change the dual economic and social structure.

 

2006

 

19 The first trust registration agency

In July 2006, the Shanghai Trust Registration Center was established in Pudong, and cooperated with the China National Debt Registration and Settlement Corporation to explore the establishment of a national trust registration platform to provide an important basic institutional platform for the healthy development of trusts in the field of financial services.

 

2007

 

20 The first financial trial institution

In December 2007, the Shanghai Financial Arbitration Court was established.

 

2008

 

21 The first batch of appointment system civil servants

In June 2008, Pudong took the lead in piloting the appointment system for civil servants, and the first batch of 5 appointment system civil servants took up government jobs.

 

2013

 

22 The first pilot free trade zone

On September 29, 2013, the China (Shanghai) Pilot Free Trade Zone was established in Pudong.

 

23 The first cross-border trade e-commerce platform

On December 28, 2013, the country's first cross-border trade e-commerce pilot platform "Cross-Border Link" was launched in the Shanghai Free Trade Zone, marking a substantial step forward in Shanghai for cross-border e-commerce through the free trade zone platform.

 

2014

 

24 The first independent intellectual property office

On November 16, 2014, the Pudong Intellectual Property Office, which integrates patent, trademark, copyright administration and comprehensive enforcement functions, was established. This is the first independent intellectual property office in the country.

 

2015

 

25 The first to carry out the pilot reform of "separation of licenses and licenses"

In December 2015, the State Council issued the "Reply on the Overall Plan for Shanghai to Launch the Pilot Reform of "Separation of Licenses and Licenses"", agreeing to launch the pilot reform of "Separation of Licenses and Licenses" in Pudong New Area, Shanghai.

 

2016

 

26 The first comprehensive national science center

In February 2016, the National Development and Reform Commission and the Ministry of Science and Technology agreed to Shanghai to build a comprehensive national science center with the Zhangjiang area as the core bearing area, as a key measure and core task for Shanghai to accelerate the construction of a scientific and technological innovation center with global influence.

 

2017

 

27 The first overseas talent bureau

On June 16, 2017, Pudong announced the establishment of the country's first overseas talent bureau, and issued the country's first permanent residence ID card recommended by the Management Committee of the Pilot Free Trade Zone and the country's first work permit for foreign students with a bachelor degree.

 

2018

 

28 The first internationalized futures product

On March 26, 2018, China’s crude oil futures were officially listed for trading at the Shanghai International Energy Exchange, a subsidiary of the Shanghai Futures Exchange. This is China’s first internationalized futures product. It will strengthen China’s right to speak and set prices in the international energy market and promote Shanghai Construction of an international financial center.

 

28 years

Earth-shaking changes have taken place in Pudong

A place with dreams

Is a land full of hope

This is the charm of Pudong

This is the pride of Shanghai

2018-06-30

Source: Shangguan News, Dongfang.com, Pudong Times