The Shanghai International Cultural Relics and Artwork Bonded Service Center, operated by the Waigaoqiao Group's cultural company, has been listed for the first time in the top 100 companies with outstanding contribution to Pudong’s Economy.
The center started full operation in 2021, with a total construction area of 68,000 square meters, providing a year-round, temperature and humidity-controlled storage environment for artworks. It is currently the largest facility of its kind, benchmarked against international top-tier standards for cultural relics and artwork bonded services.
Since its inception, the center has fully implemented Shanghai Free Trade Zone's unique "Ten Measures for Facilitating Cultural Trade," offering a one-stop service for the entire chain of cultural relics and artwork, driving the annual cultural trade volume in the Free Trade Zone's bonded area to exceed 35 billion yuan (US$4.83 billion).
In the second year of official operation, the annual value of cultural relics and artworks entering and exiting the Shanghai FTZ's bonded area reached a historical high. By 2023, the total value of goods over the past decade surpassed 100 billion yuan.
Leading global auction houses such as Christie's, Sotheby's, China Guardian, as well as the hottest contemporary art gallery in Asia, Nanzuka, and the first domestic metaverse industry leader, Metastar, have all registered and settled in this center.
In 2023, the companies located in the center collectively contributed to an annual tax revenue exceeding 100 million yuan.
