Lujiazui 陆家嘴 meaning "Lu's mouth", loosely "Land people's mouth" or "Landlubber's Point"), formerly known as Lokatse from its pronunciation in Shanghainese, is a locality in Shanghai, a peninsula formed by a bend in the Huangpu River. Since the early 1990s, Lujiazui has been developed specifically as a new financial district of Shanghai. The decision to earmark Lujiazui for this purpose reflects its location: it is located on the east side of the Huangpu River in Pudong, and sits directly across the river from the original financial and business district of the Bund.
Lujiazui is a national-level development zone designated by the government. Lujiazui area as the only finance and trade zone among the 185 state-level development zones in mainland China.
Lujiazui is located in the Pudong New District on the eastern bank of Huangpu River. It forms a peninsula on a bend of the Huangpu River, which turns from flowing north to flowing east. The importance of Lujiazui stems from the fact that it lies directly across the river from the Bund, the old financial and business district of Shanghai, and just south of the confluence of the Suzhou Creek with the Huangpu River. Until the 1980s, Lujiazui was a relatively low-built area, featuring residential houses, warehouses, and factories. Following the allocation of Lujiazui as a special investment zone in 1992, the development of Lujiazui's skyline begun. This was largely driven by Chinese state owned enterprises investing and developing the property within the area, with the inaugural landmark, the Oriental Pearl Tower, being completed in 1994.
Over 504 domestic and overseas financial and insurance corporations located in Lujiazui.The success of Lujiazui in the pastyears has fueled tourism and business related travel to Shanghai.
Lujiazui is acessible to the rest of central Shanghai by ferry services from two wharves, located at the northern and southern ends of the area respectively. At the southern end, the Dongchang Road ferry terminal provides river-crossing services across the Huangpu River to central and southern central Shanghai. The most popular ferry service for tourists connects Dongchang Road wharf with Jinling East wharf, located on the Bund. At the north end, the Xichang Inn wharf provides river-crossing services across the Huangpu River to northern central Shanghai. The former Lujiazui ferry wharf, once part of the most popular river crossing in Shanghai, was closed in 1999, with its wharf structure now used as a waterfront seating area.
Lujiazui is connected by road to the rest of central Shanghai via the Yan'an East Road Tunnel, linking the southern end of the Bund with the centre of Lujiazui. Further away from the centre of Lujiazui, the Renmin Road Tunnel and Fuxing East Road Tunnel link southern Lujiazui with southern central Shanghai, while Xinjian Road Tunnel and Dalian Road Tunnel link northern Lujiazui with northern central Shanghai.
In addition, the Bund Sightseeing Tunnel is a tourist attraction consisting of slow-moving underground vehicles which move between the Bund and Lujiazui accompanied by light and sound effects in the tunnel.
Lujiazui’s iconic skyline is used ubiquitously to depict the city and is, in many ways, not only a symbol of Shanghai but of the rise of China as a whole. The pocket of land nestled into a bend in the Huangpu River was a rice paddy in the early ‘90s yet is now home to dozens of skyscrapers, including the World Financial Center – the third tallest building in the world after the Burj Khalifa in Dubai and Taipei 101. These buildings house more than 500 of the world’s top financial and insurance companies and make the area China’s de facto financial capital.
As a place to live in Shanghai, Lujiazui is prized for the stunning views of the Bund over the Huangpu River from its luxury high-rise apartments. It’s also a short ride to the Bund and French Concession and shopping and expat-oriented services are plentiful. Although some regard Lujiazui as aconcrete jungle, Shanghai’s largest green zone, Century Park, is only a short distance away.
High-rise luxury apartments are the primary form of residence in Lujiazui, with many of them lining the banks of the Huangpu River. As with their counterparts across the city, they’re equipped with a range of services and facilities, and even residences at the bottom of the scale have indoor swimming pools, spas, tennis courts, yoga rooms, children’s play areas and the like.
From the intersection of Pudian Lu and Yuanshen Lu, follow Pudian Lu southwest to the Huangpu River and Yuanshen Lu northwest to the Huangpu River to define the eastern borders of Lujiazui. The western border is the river itself.