Shanghai City Promotion Convention of 2022 Held at the North Bund

On the occasion of the 5th China International Import Expo held in Shanghai, the Shanghai City Promotion Convention (the Convention) with the theme of "Embracing the CIIE and Sharing the Future" was held in the World Reception Hall located in the North Bund on November 6. The Convention sent a warm invitation to the world that Shanghai unswervingly expands its openness and welcome global enterprises and talents to Shanghai for development.Chen Jining, Chief of the Municipal Party Committee, attended the Convention and delivered a speech. Gong Zheng, Deputy Chief of the Municipal Party Committee and Mayor, made a keynote presentation.

Shanghai’s officials including Zhuge Yujie, Wu Qing, Zhu Zhisong, Guo Fang and Zong Ming attend.

Chen Jining said that the 20th National Congress of the CPC started a new journey for China to build a socialist modern country in an all-round way, and turned to a new chapter in the march towards the Second Century Goal. President Xi Jinping delivered a video speech at the opening ceremony of the 5th CIIE, proposing to promote all countries to share China's huge market opportunities and institutional opening opportunities and strengthen international cooperation opportunities. In the new era and new journey, the mission and task of Shanghai is to accelerate the construction of a modern socialist international metropolis with world influence, to be the vanguard of comprehensively building a modern socialist country, and to better show the bright prospects of Chinese path to modernization to the world.As China's largest economic center, Shanghai plays an important role in the open global economic system.Shanghai is an important hub for the allocation of global factor resources. Various enterprises in Shanghai can effectively use the markets and resources at home and abroad, better coordinate and develop onshore and offshore businesses, and achieve global connectivity, global trading, and global service.Shanghai is the strategic frontier of scientific and technological innovation and industrial transformation. It has advanced scientific research infrastructure, great human resources, massive application scenarios, and improved industrial supporting facilities, which provide strong support for innovation and entrepreneurship and open up unlimited possibilities for enterprise development. As a pioneer in the high-level opening-up of China, Shanghai is committed to the transformation from factor-flow-oriented opening to institutional opening, providing a higher-level open institutional supply, and creating more platforms and better conditions for enterprises’ development. When enterprises and talents choose Shanghai, they choose a better business environment, more partners and a larger development stage. Shanghai is not only a hot spot for innovation and entrepreneurship, but also full of life charm. "Better City, Better Life" is an important concept of Shanghai's development. Shanghai provides a colorful and high-quality life for people. Skyscrapers and alleys are intertwined. Literary and artistic styles and traditions coexist. A museum is even adjacent to a coffee shop. People can fully feel that modern civilization and traditional culture complement each other. Choosing and taking root in Shanghai is of unlimited prospects and opportunities. Let's work together to create a better future.

Gong Zheng introduced the latest development of Shanghai and shared the relevant measures taken by Shanghai to accelerate the construction of a modern international metropolis of socialism with world influence by centering on the unswervingly following the roads of emancipating the mind, deepening reform, facing the world, expanding opening up, breaking away from conventions and making innovations.He said that Shanghai will focus on building a high-standard market system to stimulate the vitality of market entities and creating a market-oriented, legalized, and international first-class business environment. Shanghai will launch more measures to facilitate and liberalize investment and trade, create more high-energy two-way open platforms, and strive to strengthen the construction of large channels for cross-border flow of factors.They will continue to strengthen key core technology research, keep on building world-class innovation industry clusters, and accelerate the construction of a highland for high-level talents. Shanghai will strive to provide the best environment and service, and create more market opportunities, investment opportunities and development opportunities. Everyone is welcomed to learn about Shanghai, invest in the city, and integrate into the city to create a better future.

Gerd Mueller, Director General of the United Nations Industrial Development Organization, and Meili Yuxia, President of the Global Association of the Exhibition Industry sent congratulatory videos to the convention, expressing their high concern for the development of Shanghai and their expectations for strengthening cooperation. Milissa, Chief Economist of China, Mongolia and South Korea Bureau of the World Bank, delivered a keynote speech on the green transformation.

At the convention, the newly revised policies on encouraging transnational corporations to set up regional headquarters were released, and the video clip entitled "See the Future in Shanghai: Transnational Corporation Headquarters Enterprises in Shanghai" was played, showing the style of headquarters enterprises that have made positive contributions to Shanghai's urban development, and demonstrating the firm determination and confidence of transnational corporations to continuously invest in Shanghai, and settle down in Shanghai.

During the convention, key projects were also signed. The total investment of 18 projects was about 30 billion yuan, which were distributed in all districts of Shanghai, Lingang New Area and Hongqiao International CBD. The industries involved in biomedicine, integrated circuit, artificial intelligence, high-end equipment, life and health and other key areas.

At the signing stage of key projects, Hongkou District signed an agreement of intent on project investment with Electrolux (China) Home Appliance Company Ltd.

Electrolux is a leading household appliance brand worldwide. During the more than 100 years of development, through continuous optimization of plans and operations, Electrolux has always been at the forefront of sustainable development in the world. It is a pioneer and leader in the sustainable development industry and has been listed in the Dow Jones Sustainable Development Index for 15 consecutive times. In this August, the headquarters of Electrolux (China) Electric Appliance Co., Ltd. in China officially settled down at the North Bund, marking a new journey for Electrolux in Chinese market.

In the past two years, foreign investment in Hongkou continues to be hot with the overall growth of the North Bund area, and KraftHeinz Company, BOSE, MOL (China) Co., Ltd., DWS and other multinational groups from trade, shipping, finance and other fields have landed in Hongkou.

In order to further promote foreign-funded enterprises to improve their capabilities, in this June, Hongkou issued the “Opinions of Hongkou District on Supporting Development of Headquarters Enterprises”, which gave a financial reward of 1 million yuan to the enterprises recognized as district-level transnational corporation headquarters, showing Hongkou's determination and confidence in supporting the expansion and agglomeration of foreign-funded headquarters. In the next step, Hongkou will continue to strengthen the service for foreign investment and create a more convenient investment environment for foreign-funded enterprises.