Invest Shanghai 2024 was held in the World Reception Room on March 29th. It will promote investment in Shanghai to the world, share Shanghai's economic vitality, innovation power, city charm and investment potential, and sincerely invite domestic and foreign companies to invest and take root in Shanghai. Gong Zheng, Mayor of Shanghai Municipal People’s Government, attended and delivered a speech.
Mr. Gong stated in his speech that Shanghai, as China's largest economic center city, is an important window for the world to observe China, and it is also a hot spot for global development, a fertile ground for investment, and a paradise for business development. We insist on accelerating the construction of "five centers" as the main direction, and make greater efforts to improve the city's energy level and core competitiveness. We adhere to high-end, intelligent, green, and integrated, and make greater efforts to cultivate new quality productivity. We adhere to the guidance of major national strategies and make greater efforts to deepen high-level reform and opening up. We insist on serving the general public with the best supply, and make greater efforts to improve and protect people's livelihood. We adhere to marketization, rule of law, and internationalization, and make greater efforts to create a first-class business environment.
Chen Jie, Vice Mayor of Shanghai Municipal People’s Government, revealed investment opportunities in 10 key industrial chain segments, including large models, humanoid robots, metaverse, wide bandgap semiconductors, biomanufacturing, large aircraft, large cruise ships, commercial aerospace, new materials, and hydrogen energy.
The Finance Office of CPC Shanghai Municipal Committee, Shanghai Municipal Commission of Economy and Informatization , Shanghai Municipal Planning and Resources Bureau, and Shanghai Municipal State-owned Assets Supervision and Administration Commission jointly released "Invest in Shanghai 2024" policy package: focus on the three leading industries, and establish a new RMB100 billion industrial fund of funds; introduce industrial cost reduction and efficiency increase measures, which are expected to reduce operating costs for industrial enterprises by RMB100 billion in the next two years; promote "industry upstairs", create 10 million square meters of "smart manufacturing space", and provide carrier space for the development of new quality productivity; and work with banks to grant RMB2 trillion in credit to support the development of key industrial chains.
At the event, a number of key industrial chain projects were signed intensively, and 21 representative projects of key industrial chains and subdivided tracks with large scale, high energy level and strong driving force of more than RMB1 billion were signed on site. In the first quarter, a total of 42 billion key investment projects of more than RMB100 million were signed and implemented in Shanghai, with a total investment of RMB343.5 billion.
