Shanghai Zhangjiang Hi-tech Park was established in July 1992, located in the middle of Pudong New Area, with a planned area of 25 square kilometers. It is divided into technical innovation zone, high-tech industrial zone, scientific research and education zone and living zone. In August, 1999, the Shanghai Municipal Party Committee and the Municipal Government promulgated the strategic decision of "focusing on Zhangjiang", making it clear that the park takes integrated circuits, software and biomedicine as the leading industries, which embodies the main functions of innovation and entrepreneurship. Since then, Zhangjiang Park has entered a stage of rapid development.