Jeffrey Katzenberg, CEO of DreamWorks Animation, speaks at the kick-off ceremony of Shanghai DreamCenter on Thursday. Pic: AP.

SHANGHAI (AP) — DreamWorks Animation and Chinese partners have unveiled designs for an entertainment complex in Shanghai, expanding Hollywood’s growing ties with China.

They said Thursday their “DreamCenter,” due to open in 2017, will have a 500-seat IMAX cinema with international film festivals and red carpet events in mind and music and performance venues.

The project is led by “Kung Fu Panda” maker DreamWorks Animation, together with Chinese investment fund CMC Capital Partners and Hong Kong developer Lan Kwai Fong.