The upcoming Disneyland Park in Shanghai is expected to drive local financial industry.
Sources said that Shanghai Disneyland Park is to be located in economically developed Pudong New Area. With the first phase covering total areas of 150 hectares, the park will come into use in 2014 at the earliest. According to the announcement of Walt Disney Company released this January, it is to build the Disneyland Park in partnership with People's Government of Shanghai Municipality with total cost estimated at CNY 24.5 billion. Reports said that the government-controlled enterprises in Shanghai are to take a combined 57% stake in the upcoming park and Walt Disney Company is to hold a 43% stake.
Earlier, the listed company Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. was said take a 30% stake in the coming Disneyland Park. In addition, domestic banks of China are likely to offer syndicated loans to the Disneyland Park, according to a general manager with a local investment consulting firm.
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