Huangpu to lure 50 more MNC HQs
Print Edition
Huangpu District in downtown Shanghai aims to attract another 50 multinational companies by 2015 to base their regional headquarters there, officials said yesterday.
“In the next step, the district will mainly attract e-commerce and high-tech companies to develop,” Wu Cheng, vice head of the district, said yesterday.
The headquarters will be clustered in the Bund area, Xintiandi and near People’s Square, said Jiang Xizhou, director of the district’s financial office.
Huangpu now boasts 116 headquarters and 2,500 foreign companies with a total investment of 25 billion yuan (US$4.1 billion).
Some 40 major multinational companies, including Canon, Sony and SKF, have set up regional headquarters in the district and contributed 40 percent of the district’s annual revenue in 2012, Jiang said.
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