SHANGHAI, March 12 (Xinhua) -- Shanghai will get its first high-quality film and television series making base, authorities said Monday.

The project, to be located near the northern bank of the Suzhou Creek in the downtown area of the Chinese financial hub, will be jointly developed by the government of Jing'an District and Shanghai Media Group.

The project will cover an area of 300,000 square meters and will have film and television-making studios, production centers, workshops for industry experts, as well as apartments and hotels.

The base will focus on film and television, digital content and creative design. Cultural industries and tourism will also be developed.

Shanghai is about 300 kilometers away from Hengdian, one of China's biggest film and television program production centers. About 70 percent of the country's films and TV series in recent years were shot in Hengdian. A number of ancient buildings, including the palace of Qin Shihuang, China's first emperor, have been replicated there.