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Foreign investors remain confident in Changning
06/17/2021

Foreign investors remain confident in the business environment of Shanghai, which is known for its international ambience, participants at the 2021 Changning International Investment Promotion Meeting said.


More than 70 people, including diplomats from foreign consulates in the city, chambers of commerce officials and overseas investors, attended the meeting on June 10 in search of new business opportunities.


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Over 70,000 expats live in Changning, accounting for more than 20 percent of the city’s total overseas population. A third of Shanghai’s foreign consulates and half of diplomats’ residences are in Changning.


The district aims to become a key hub for China’s dual-circulation strategy, and an international district with global influence, said Zhang Wei, acting director of Changning.


Fukuda Takamoto, deputy consul general of Japan in Shanghai, said Changning is a highland for professionals due to its good business environment and strong intellectual-property protection measures. He added that local Japanese companies are focusing more on innovation.


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Jesper Halle, commercial consul of the Royal Danish Consulate General in Shanghai, said the annual China International Import Expo (CIIE) has become an important investment platform for Danish companies.


About 40 companies from Denmark will participate in this year’s 4th CIIE, which takes place on November 5-10.


Ker Gibbs, president of the American Chamber of Commerce in Shanghai, said foreign-related business in Changning is constantly developing.


“If there had been no pandemic, the actual foreign investment would have increased by more than 50 percent in the past two years, which shows that foreign enterprises are very confident in choosing Changning District,” said Gibbs.


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The number of regional headquarters of multinational companies in Changning is in the forefront among all the districts in downtown Shanghai.


In recent years, Changning has implemented the requirements of foreign investment law and foreign investment regulations, continuously increased the development of headquarters economy, and actively cultivated the headquarters of private enterprises and regional headquarters of multinational companies.


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In March, the district commission of commerce launched the implementation measures for Changning District to support the high-quality development of headquarters economy.


As the only downtown district in Shanghai that is fully integrated into the functional layout of Hongqiao International Open Hub, Changning will also take Great Hongqiao Business Service Center as a good platform to further optimize the business environment, support more enterprises to upgrade their headquarters and establish an open innovation platform, so as to create a high ground of headquarters economy.



Editor:Li Xinran Shanghai Daily


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