The 2021 Lujiazui Forum has concluded in Shanghai on Friday. One of the highlights of Friday's agenda included: how the megacity's Lingang Special Area is looking to boost and innovate China's financial sector.

During a panel discussion at Lujiazui Forum, government officials and corporate representatives from Lingang Special Area shared their views on Lingang's development.

Zhang Yunzhong, who just set up his firm in Lingang last year, said it only took less than one month to choose the location and finish the registration.

"Lingang has provided a lot of help to let us settle down," said Zhang.

Almost every working day, more than 100 companies, especially in industries like bio-medicine, new materials and telecommunications, registered to be set up in the Lingang Free Trade Zone.

As of June 4, more than 700 projects have been signed in the area.

And now the area is looking to develop its financial sector. During the opening ceremony at the Lujiazui Forum Thursday, the Chinese central bank said it's planning to promote private equity fund reform there.

Though it's still in its early development, experts say Lingang could well supplement the city's financial center Lujiazui, letting the two areas grow together.

Lin Yandan, deputy director of Fudan Lingang Industrial Innovation Platform, said: "Large investments of resources are needed to make science and innovation grow faster in Lingang. And Lingang's strength could supplement Lujiazui."

In addition to the topics on Lingang, this year's Lujiazui Forum has also been focusing on carbon neutrality, Renminbi's role in dual circulation, and the registration-based system in the country's capital markets.