Planning and funding
Planning models for the Lujiazui financial district dating back to 1993 show plans for a close group of three supertall skyscrapers. The first of these, the Jin Mao Tower, was completed in 1999; the adjacent Shanghai World Financial Center (SWFC) opened in 2008.
The Shanghai Tower is owned by Shanghai Tower Construction and Development, a consortium of state-owned development companies which includes Shanghai Chengtou Corp., Shanghai Lujiazui Finance & Trade Zone Development Co. and Shanghai Construction Group. Funding for the tower's construction was obtained from shareholders, bank loans and Shanghai's municipal government.The tower had an estimated construction cost of US$2.4 billion.