Hongkou District is ramping up efforts to develop the North Bund and North Middle Ring innovation hub, positioning itself as a model for China’s modernization.
Hongkou Party Secretary Li Qian recently visited North Bund Group and NorthTech Innovation Group for on-site inspections and discussions, setting strategic goals for the next phase of development.
During his visit to North Bund Group, Li emphasized the district's commitment to building "Shanghai North Bund, an Urban Benchmark," reinforcing its role as a key showcase for China’s modernization.
Over the years, North Bund Group has driven regional economic growth through market-oriented reforms, platform consolidation, and investment promotion strategies, playing a pivotal role in the district’s development.
Li praised the group's achievements in platform operations, investment promotion, and market system reforms, reaffirming the city's high expectations for North Bund’s transformation. He outlined three key priorities, including enhancing two major platforms and deepening industrial synergy.
Strengthening both the development implementation platform and the investment promotion platform to attract premium resources and accelerate project execution.
Expanding the North Bund and North Middle Ring area collaboration mechanism by leveraging state-owned enterprises to cultivate a comprehensive industrial ecosystem and strengthen the district’s competitive edge.
He also asked to utilize the North Bund International Legal Services Hub to consolidate legal, financial, and urban service resources while fostering innovative urban services to elevate North Bund’s global influence.
At NorthTech Innovation Group, Li Qian chaired a meeting to assess progress and refine strategies for technological advancement. He emphasized the "Five Commitments" approach to high-quality development and outlined priorities for the district’s innovation ecosystem:
Upgrading and Integrating Innovation Parks: Accelerating the redevelopment of low-efficiency spaces while strategically clustering industries to drive synergy between technological innovation and industrial growth.
Strengthening the Innovation Ecosystem: Establishing high-level innovation platforms, facilitating technology transfer, and acting as patient capital investors to incubate future industry leaders.
Boosting the "Double North" Synergy: Aligning spatial planning, resources, and industry chains to promote north-south connectivity within Hongkou, enhancing regional competitiveness.
Building a Strong NorthTech Brand: Positioning NorthTech as a leading science and technology hub, cultivating a recognizable innovation IP, and actively marketing its advantages to attract enterprises.
Enhancing Corporate Governance and Talent Strategy: Implementing performance-based incentive systems, refining recruitment strategies, and fostering a results-driven corporate culture within state-owned enterprises.
Established in May 2022, NorthTech Innovation Group has played a crucial role in the North Central Ring Innovation Belt, focusing on asset revitalization, resource integration, and strategic investment.
In 2025, the group aims to expand innovation spaces, adopt bold investment strategies, and enhance Hongkou’s innovation-driven economy.
Key initiatives include developing innovation spaces and centers to accelerate R&D commercialization and strengthen industry collaboration, as well as expanding cooperation channels to attract international and domestic investments in cutting-edge technology sectors.