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Wednesday, 19 May 2010

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Shanghai unveils ‘stronger’ version of Wall Street bull



Italian-US artist Arturo Di Modica’s Charging Bull statue is unveiled at the Bund in Shanghai. AFP

Shanghai unveiled a new landmark on its Bund waterfront over the weekend, a bronze bull sculpture inspired by Wall Street’s “Charging Bull” representing China’s rising financial ambitions.

American artist Arturo Di Modica — the sculptor behind the New York bull who also created its Shanghai sibling — was at the unveiling on Saturday.

At 2.5 metres (8.2 feet) tall and 2.5 tonnes (2.7 tons), the Shanghai sculpture was the same size as the Wall Street version, but “redder, younger and stronger”, Di Modica was quoted as telling the Shanghai Daily.

“It’s a mixture of Western and Chinese cultures,” said Di Modica, adding he was inspired by both the “Charging Bull” and the Chinese Zodiac’s ox.

The animal’s confident stance represented a bullish and prosperous future for the rising financial center, Di Modica said. The Shanghai officials who commissioned the sculpture had previously said they wanted their bull to weigh twice as much the one on Wall Street.

The city requested a bull that was younger and stronger than New York City’s bull to symbolise “the energy of Shanghai’s economy”, Zhou Wei, the head of Huangpu district told reporters at a previous briefing.

“That’s why the head of the Bund’s bull looks up while the Wall Street Bull looks downward,” he said.

In the early 20th century, the neo-classical buildings along the Bund were known as the “Wall Street of Asia” and giants born there include the Hongkong and Shanghai Banking Corporation, or HSBC, and insurers American International Group, or AIG.

The central government has declared it aims to build Shanghai, which has long been China’s business heart, into an international financial centre by 2020.

AFP

 

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