* The 101-story Shanghai World Financial Center is to be 1,624 feet tall when finished in 2007, a group led by the Mori Building Co. of Tokyo announced.
* The Shanghai World Financial Center is a trophy for a city that aspires to be a business center rivaling New York and Tokyo.
* The slender, wedge-shaped tower with a circular hole through its pinnacle was designed by the New York architecture firm Kohn Pedersen Fox Associates.
* A consortium of Japanese banks, insurers and other companies led by Mori plans to invest about $850 million in the project, he said.
* Mori noted that Universal Studios has signed a tentative deal to open a Shanghai theme park and that the city will host a World Expo in 2010, both of which he said could increase demand for office space.
