Functional zones, responsive officials lure companies
Print Edition
Putuo District authorities have set up six functional areas to attract investment within the services sector.
Authorities in the district will adopt a set of new evaluation methods to come up with a swift investment discovery mechanism.
They have also pledged to open information channels to share resources between functional areas.
One company that recently invested in the district thanks to its favorable local policies was QY Water Treatment, based in North China鈥檚 Henan Province.
Having first heard of the company鈥檚 intention to invest in Shanghai back in July, Zhou Xiaofang, deputy director of Yichuan Subdistrict Office, passed this information to the Changshou Business District Investment Promotion Center.
After that, the center introduced the Changfeng Financial Port to the company and later sent its employees to accompany the executives of QY Water Treatment on a field study to the district.
The center also generated several investment plans as references for QY Water and shared its requirements with other functional areas in the district as well to find the most appropriate location.
Feeling the sincerity of the local government, the company decided to invest in Putuo just one month after the initial contact.
With the help of all government agencies, the company underwent a streamlined process to obtain a business license on September 2, after just 10 days of processing time.
Altogether, QY Water Treatment took only a little more than one month to complete the founding of its fully-capitalized subsidiary company in Yichuan, according to Du Xiaobing, an assistant manager at the company.
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