Shanghai Caohejing Hi-Tech Park was successfully approved by the State Council to be a national economic and technological development zone in 1988 and a national hi-tech industrial development zone in 1991 and it also became the APEC International Science and Technology Industrial Park in 2000. With a planned area of 6 square kilometers, it is at the forefront among national development zones for its comprehensive economic indicators. The park now specializes in four industries, namely microelectronics, optoelectronics, computer software and machine and new materials. It boasts four centers, including, R&D center, network operation center, financial data center and technical innovation center. It is currently taking strides towards build itself into an "excellent park in both quality and environment","digital park", and an "international park". It passed the ISO9001 quality management system certification in 2001 and ISO14001 environmental management system certification in 2001. Caohejing Hi-Tech Park, one of the first state-level economic and technological development zones and Hi-Tech development zones that are designed to attract foreign investment, introduce advanced overseas technology and develops new technologies, while enjoying preferential policies for both economic and technological development zones and hi-tech development zones.
In March 2003, the State Council approved of setting up the Shanghai Caohejing Export Processing Zone; in July 2004, the State Council approved the expansion of Caohejing Hi-Tech Park to establish the Pujiang Hi-Tech Park, a state-level economic and technological development zone, in Pujiang Town, Minhang District. With the total area of 10.7 square kilometers, the hi-tech industrial park occupies an area of 9.4 square kilometers, with the remaining area for a comprehensive supporting area. The export processing zone is located in the north of the park, covering an area of about 0.9 square kilometers.
Pujiang Hi-Tech Park and Caohejing Export Processing Zone focus on hi-tech industry development while introducing related high-level supporting industries. As the base for a new round of Caohejing Hi-Tech Park development, Pujiang Hi-Tech Park, planned with high-standard and constructed and developed in a scientific way with attentions paid to improving related supporting functions by learning from the successful development models of U.S. Silicon Valley and British Arlington Park and upholding the concept of harmonious co-existence of man and nature, it strives to build itself into a leading domestic and international first-class technology industrial park that has a competitive edge internationally in respect to R&D, technical service and hi-tech industrial manufacturing.