Situated at the city's "eastern gateway," the subdistrict spans 14.76 square kilometers. Its name originates from the Peng family, who built a port here during the Song Dynasty. Over a millennium of transformation, it has evolved into a comprehensive transportation hub integrating high-speed rail, shipping, expressways, and subways. After a decade of demolition, reconstruction, and urbanization, the area has undergone spatial reinvention. Leveraging the strategic advantage of Hangzhou East Railway Station, the subdistrict aligns with its vision of becoming a nationally renowned hub for innovative economic development. It seizes opportunities in the digital economy, implements innovative governance through digital reforms, and enhances grassroots governance. Cultural and educational initiatives continue to advance, steadily improving residents' quality of life. Upholding high-quality Party construction to drive high-quality development, the subdistrict remains committed to the "Pengbu Iron Army" spirit, striving to fulfill its role in building the "Important Window" of Zhejiang’s modernization.