In 2002, seizing the historic opportunity of the Comprehensive Development of Huangpu River Banks, the district government mapped out the strategic plan of “Giving Prominence to the Development of the Two Wings”, referring to an all-round development of the North Bund and the comprehensive reconstruction of North Sichuan Road. Based on Hongkou’s characteristics and its geographic advantages, with a resolution to actively involving itself into the master plan of building Shanghai into Four Centers (international economic, trade, financial and shipping centers), the district government has recently decided the key function of the district lies on shipping services. Apart from emphasizing its shipping service industry, the government is also endeavoring to promote Hongkou’s function in the fields of trade, commerce, culture and residence, and it has formed the overall planning of “One Zone-One Street-One Circle”. “One Zone” refers to the North Bund Shipping Service Concentration Zone, “One Street” refers to North Sichuan Road and “One Circle” refers to Dabaishu domestic service trade and innovation circle.