MOSCOW: East China's Shanghai City will provide high-quality financial services for the upcoming World Expo, a Chinese municipal official told Xinhua here on Thursday.

Fang Xinghai, director of the Financial Service Office of Shanghai, said all prepartions were in place to support the financial needs of visitors and participants.

Fang, who is attending the Russian Forum 2010 here, said there were two main parts for the Expo's financial services.

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One was to ensure convenient and swift credit card payment for ticket purchases, food and boarding, while the other was to provide insurance for participants and items on display, he said.

The People's Insurance Company of China had reached an agreement with the organizers to take charge of all insurance services for the Expo, Fang said.

A major effort had also been made on transportation, food and security, he said. The preparations would ensure visitors and participants could relax and enjoy the Expo.

More than 70 million people are estimated to visit the event, which opens on May 1.