THE world’s largest bonded service center for art auctions, exhibitions and storage will be built in Shanghai’s Pudong New Area by the end of the year, officials told a forum at the weekend.

The Shanghai International Artwork Bonded Service Center, covering 68,300 square meters in the free trade zone, will include a bonded warehouse, trade and auction platform, as well as evaluation and insurance services.

“The center is expected to become a window and bridge for Chinese culture to be promoted worldwide, as well as drive the development of the city’s culture industry,” said Li Zhaojie, deputy director of the FTZ’s management committee.