In June 2014, the Shanghai government approved the agreement to build the Shibo Park ("Shibo" means World Expo in Chinese) of Zhangjiang High-tech Industrial Development Zone, with a floor area of 7.0 square kilometers. The park covers 5.41 square kilometers of land in Pudong New Area, including three sections of Shanghai World Expo Park, Qiantan section and Bailianjing section. The Expo Area Development Administration of Shanghai Pudong New Area is in charge of economic management and law enforcement in the Pudong part of the park, known as Pudong Shibo Park. In 2015, according to the China (Shanghai) Pilot Free Trade Zone Expansion Program, Pudong Shibo Park is included in the China (Shanghai) Pilot Free Trade Zone.
The Pudong Shibo Park is aimed at developing into a world-class central activities zone, or central business district, for creative culture expositions, business headquarters, high-end conventions and exhibitions, and tourism and leisure, and at becoming the most dynamic and promising international region in Pudong New Area.
In 2015, the Shibo Area achieved 3.1 billion yuan ($47.1 million) in tax revenue, and 1.05 billion yuan in local financial revenue. At present, China UnionPay, China Electronics Technology Group Corporation, and Shanghai Pudong Development Bank have settled down in zone A, and BRICs Bank will begin construction soon; the zone will introduce 13 central state-owned enterprises, including Commercial Aircraft Corporation of China Ltd, Aluminum Corporation of China Limited, State Grid Corporation of China, China CITIC Group, and Sinochem Group. The Qiantan section's infrastructure construction is advancing moderately, involving a number of projects such as Wellington College International School, Raffles International Hospital and Tishman Speyer.