The official groundbreaking of Hongqiao Perfect Center is held in the Western Hongqiao Business District on Nov 23. [Photo/ifeng.com]

The official groundbreaking of Hongqiao Perfect Center was held in the Western Hongqiao Business District on Nov 23.

The center will become a large-scale complex integrating a corporate innovation center, a regional administrative headquarters, commercial offices, star hotels and a shopping center, and is expected to be completed by October 2021.

"We chose to build the Perfect Center in Hongqiao Central Business District because it is a key point along the city axis of the Yangtze River Delta. Since Hongqiao Central Business District has been designated as an important area in the integration of the Yangtze River Delta, it has a very good prospect in terms of its future development," The person in charge of the project said.

Hongqiao Perfect Center will become a large-scale complex which is expected to be completed by October 2021. [Photo/WeChat account: hongqiaoshangwuqu]

The Integrated Transportation Hub of Hongqiao is one of the largest and most functional transportation hubs in the world.

Located at the key point along the city axis of the Yangtze River Delta, Hongqiao CBD is not only an important junction of Shanghai and the Yangtze River Delta, but also the hub of the one-hour economic circle of the Yangtze River Delta City Cluster, and as such enjoys significant location advantages.

The hub of the Business District has accumulated over 3,000 enterprises, including over 100 foreign enterprises headquarters. The area, being more and more diversified, is gradually accepting and concentrating new types of businesses. An open economic system is being formed as Hongqiao CBD becomes a gateway to the Yangtze River Delta region.