China's east financial hub Shanghai is making its own charging bull as inspired by the most treasured iconic image in the world financial industry from the Wall Street.

The oriental version of the bull will come to Shanghai's financial street along the Bund before Feb 14, 2010 -- the Year ofthe Ox. It will be larger and heavier than the original - all of 6,000 kg against the 3,200-kg Wall Street icon, Saturday's China Daily reported.

Hopefully, the bull will "bring confidence and fortune to the Chinese people in times of economic uncertainty", said Xin Yaqin, director of Huangpu district's office of financial services, which manages the financial street.

"It does not make sense to make another Bowling Green Bull here... Shanghai is different from New York, so we'll ask the artist to add Chinese characteristics to the sculpture," she added.

But not everyone in the city is pleased with the news.

"It's an interesting idea, which could raise the spirit of the Chinese people. But I don't think it would help the economy recover, or help us profit from the stock market," a book dealer surnamed Huang said, complaining that he had lost a big part of his savings when the market crashed last year.

For Wallace Reid of Scotland, it does not make sense to "copy" New York now because Wall Street is still shaky.

The city's blueprint says the financial street along the bund and the Lujiazui financial and trade zone in Pudong are the key factors that could advance Shanghai's status as an international financial center.

Source: Xinhua