During the recent ceremony for Shanghai's 41st batch of multinational regional headquarters and R&D centers certification, along with a collective signing of foreign investment projects, the city's comprehensive bonded zone area added three new foreign-funded projects and six multinational regional headquarters.
Louis Dreyfus Company (Shanghai) Ltd, a globally renowned agricultural commodities trader and processor, will use its additional investment to expand domestic bulk commodity trading operations. Baxter MedTech (Shanghai) Co Ltd, specializing in connected healthcare solutions, medical devices, and advanced infusion technologies, will channel its new funding into product upgrades and accelerating localization of imported medical equipment. Meanwhile, ASC Fine Wines (Shanghai) Co Ltd, a premium wine importer, will expand its Chinese wine distribution network with fresh capital injection.
Six other companies were officially certified as multinational regional headquarters. They are Hubner Interface Systems (Shanghai) Co Ltd, Kawai Musical Instruments (China) Co Ltd, Paul Hartmann (Shanghai) Trading Co Ltd, Azelis Trade (Shanghai) Co Ltd, Kioxia (China) Co Ltd, and Denka (Shanghai) Management Co Ltd.
The bonded zone area has prioritized targeted global investment promotion and successfully attracted high-caliber projects like Edwards Innovation Center, Saudi-based ACWA Power's Global Innovation Hub, Roche Diagnostics' digital healthcare innovation unit, Umicore China R&D Center, and Smith+Nephew's medical device localization initiative.
According to the statistics, the bonded zone area witnessed the establishment of 395 new enterprises (excluding branch offices) in the first half of the year, representing a year-on-year increase of 27.0 percent. By sector breakdown, there were 160 new trading companies, up 25.0 percent, 116 scientific research and technical service enterprises, growing by 31.8 percent, and 84 business service providers, more than doubling (2.1 times) the previous year's figure.
