The Dishui Lake Financial Bay located in Shanghai's Lin-gang Special Area is poised to emerge as a new landmark in the city's financial landscape, in tandem with the Lujiazui Financial City and the Bund Finance Center.

A panoramic view of the Dishui Lake Financial Bay. [Photo/lingang.gov.cn]

With the initiation of construction in August 2020, the first phase of the Dishui Lake Financial Bay project is set to be fully operational soon, while the second phase is scheduled for delivery next year. The third phase is also progressing swiftly, with a planned construction volume of 3.48 million square meters already taking shape.

Focused on cross-border finance, financial technology, and offshore finance, this emerging financial hub aims to complement the development of the Bund Financial Center and Lujiazui Financial City, striving to become the "third pole" of Shanghai's international financial center.

As the project progresses, Dishui Lake Financial Bay is attracting a range of financial elements. In September of this year, the Lin-gang Special Area Administration signed a strategic cooperation agreement with SCV Research & Development Pte Ltd, a subsidiary of Standard Chartered Group, with an aim to leverage the openness, institutional advantages, and policy strengths of Lin-gang to jointly build a financial technology cluster in the area.

Looking ahead, Dishui Lake Financial Bay will continue to accelerate the development of various emerging financial sectors, including cross-border finance, offshore finance, shipping finance, financial technology, green finance, inclusive finance, talent finance, and digital finance.