Since leaving British classification society Lloyd’s Register more than a decade ago, Chinese national Ben Zhang has become a serial entrepreneur. His extensive rolodex has seen him link Chinese companies to global markets and vice versa. Now, he is using this experience to build the Shanghai Maritime and Finance Excellence Center (MFEC) – a one-stop-shop service platform in the heart of Pudong.
Chinese authorities are aiming to make Shanghai an international finance and maritime centre by 2020, the MFEC will play a central role in the city’s hub claims. The centre also has the backing from the UK capital, with industry lobbying body Maritime London and the City of London both supporting the initiative.
Anyone can join the centre, Zhang tells Maritime CEO. The building is located near the Lupu Bridge in an emerging shipping cluster in China’s financial metropolis near the offices of China Merchants, Sinotrans&CSC and Sinochem. Incentives are on offer to move in to the building. These include 20% off rent as well as the ability for companies who move there to leverage off MEFC’s pan-China network. Other MFECs are planned in other port cities in the future, Zhang says.
“By bringing everyone together under one roof, the cluster will help grow business for everyone,” Zhang says.