Shanghai Has Three New Copper Bulls to Rival Wall Street’s

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  • Bloomberg QuickTake: Now published this video item, entitled “Shanghai Has Three New Copper Bulls to Rival Wall Street’s” – below is their description.

    Three new copper bulls have been installed just steps away from the Shanghai Stock Exchange in China. It’s become an attraction with tourists rubbing the statues, hoping to bring them luck. All three vary in appearance with the first one pointing upward. According to the Shanghai Jiading District Information Office, the reason why it’s pointing up is because they feel that it reflects the future direction of the stock market. “The bulls are extremely good because Shanghai is a global financial center,” said Xia, who visited the bulls. “The buildings and bulls represent Chinese culture.” But not everyone is happy with this installation. One local paper said that some people had been criticizing it, saying that it’s taking up a lot of the precious green space in this park and that they’re turning into a lobby of a trading center.

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    In This Story: Shanghai

    Shanghai, on China’s central coast, is the country’s biggest city and a global financial hub. Its heart is the Bund, a famed waterfront promenade lined with colonial-era buildings. Across the Huangpu River rises the Pudong district’s futuristic skyline, including 632m Shanghai Tower and the Oriental Pearl TV Tower, with distinctive pink spheres. Sprawling Yu Garden has traditional pavilions, towers and ponds.

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