Shanghai, or “Hu” as it is abbreviated in Chinese, is the city in the Delta of Yangtze River and the global population record-breaker with over 24 mln residents. It is one of China’s major business, trade, shipping, and finance centers. It is also the fourth most competitive financial center in Asia, with such giants as Shanghai Stock Exchange. In 2013, the city implemented a series of reforms aimed at attracting foreign investment. They were successful and accelerated the giant’s rapid economic development. Shanghai is divided into 15 administrative districts. For instance, Puxi is the historical center of Shanghai, its commercial and cultural heart. Jing'An is another central district, which is quite popular for commercial and residential property lease as the prices here are not so high as in the CBD, where serviced office space for rent is the most prestigious in Shanghai.
