Shanghai launched the first batch of 62 foreign investment projects at the start of this year, five of which were in the Shanghai Pilot Free Trade Zone Bonded Area in Waigaoqiao.
Among the signed projects, many are ventures related to the headquarters economy, which is an important engine for Shanghai to build a global resource allocation hub.
Last year, the Shanghai Pilot Free Trade Zone officially launched the “Global Operator Program”. Many enterprises and the FTZ Administration committee signed a strategic cooperation memorandum, opening a new stage of Waigaoqiao headquarters economy development.
Recently, Shanghai announced the list of the Top 100 foreign-funded enterprises in 2019. Apple Computer Trading (Shanghai) Co Ltd, Shanghai Samsung Semiconductor Co Ltd, Jaguar Land Rover (China) Investment Co Ltd and many other headquarters enterprises in the Waigaoqiao Free Trade Zone were on the list.
As of the end of last year, Waigaoqiao had introduced 118 regional headquarters of multinational companies, accounting for a third of the Pudong New Area and one seventh of the city. The headquarters economy contributes 50 percent to the regional economy.
March 08, 2021
