Wednesday, May 1, 2019

Rapid development of Lujiazui marvels US delegation

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An aerial view of Lujiazui, Shanghai's financial hub [Photo/pdtimes.com.cn]
A 70-member delegation from the Stern School of Business at New York University, the United States paid a visit to Lujiazui Financial City, Pudong New Area of Shanghai, on March 19.
The delegation was made up of teachers and students on the Executive Master of Business Administration (EMBA) program from the university, with most of the visiting students being senior executives from US financial institutions or technology companies.
Gladstone Alexander Aeschbach, or Gao Leshi in Chinese, is an American who studied in Fudan University in 2010 and worked in Shanghai for a few years after graduation. With a good command of Chinese, he is also known as a "know it all" of China.
"I was thrilled as this is the first time that I have returned to Shanghai and to Lujiazui in five years after returning home in 2014," said Aeschbach, noting that great changes have taken place in Lujiazui.
Despite Aeschbach currently working in the US, he has expressed his wish to go back to Shanghai. "The city is full of opportunities," he said.
Lujiazui Financial City, which represents the height and speed of China's economic development, is a window for the world to know about China, said He Jianmu, an official from the Shanghai Lujiazui financial development bureau.
He added that the financial hub not only boasts a dazzling skyline, but also has one of the highest economic densities in China, with 300 out of Fortune Global 500 companies having set up regional headquarters or branches in the area, thanks to its open business environment, rising status as an international financial hub, professional financial talents, and diverse living environment.
Arun Sundararajan, a professor from the Stern School of Business at New York University, said that he has been to Lujiazui six times over the past four years, and was marveled by the development of Lujiazui every time he came.
"I hope our students majoring in EMBA could have a better understanding of China's business environment and the development path of China's financial market and capital market through the trip, and take conducting business in China in the future into account," Sundararajan told the reporter.
As Lujiazui Financial City will attract more attention from the world in the future as it continues to develop, He expressed his wishes that the students pay regular visits to Lujiazui and invest and start businesses in the area.
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Students from the Stern School of Business at New York University attend a seminar in Lujiazui Financial City, Pudong New Area on March 19. [Photo/pdtimes.com.cn]

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