Shanghai to build tech-innovated corridor for HQ integrated development
Shanghai is building an important investment and financing platform for national science and innovation enterprises.
SHANGHAI (Reuters) - Shanghai continues to make solid efforts toward achieving high-quality development, following the central government s guidance.
At the Shanghai Pilot Free Trade Zone, 98 reform tasks approved by the central government in 2017 have had their foundations completed. At present, the new area expansion plan is advancing steadily.
The Shanghai Stock Exchange has so far received applications from 100 companies for listing on its new science and technology innovation board since it was launched in end of March.
Shanghai is building an important investment and financing platform for national science and innovation enterprises.
Nine cities in the Yangtze River Delta region announced last June that they will join hands to build the G60 tech-innovation corridor for high-quality integrated development in one of China s most dynamic and urbanized areas.
The corridor, first proposed by Shanghai s Songjiang District in 2016, gathered a cluster of high-tech enterprises and industrial parks on both sides of the G60 Shanghai-Kunming Expressway and now also groups cities of Jiaxing, Hangzhou, Jinhua, Huzhou, Suzhou, Xuancheng, Wuhu and Hefei in east China s provinces of Jiangsu, Zhejiang and Anhui.
Not long ago, SAIC Motor Corporation Limited (SAIC Motor) and several neighboring cities of Shanghai jointly established equity investment funds for industrial upgrading in the Yangtze River Delta to promote in-depth integration of equipment manufacturing, automobile, information technology and other industries.
"It is unlikely that any one of the smart manufacturing customers has all the capabilities. Its motor production may be in Suzhou, software debugging in Shanghai, and the production of some other related equipment is in Huzhou, Zhejiang Province. We jointly complete the manufacturing of products," said Liu Wei, head of the research institute at CSG Smart Science and Technology Co., Ltd.
Preparation for the second international import expo is also in full swing. The promotion events held in Sweden, Finland and other countries last month were well received with many foreign enterprises signing up.
This year, the commercial exhibition will cover an area of 300,000 square meters, surpassing the first one. A high-end consumer goods area will also be established.
"Thousands of enterprises have signed up to participate in the second import expo, among which, more than 200 Fortune 500 companies and world leading companies will be participating, far more than the first expo," said Gao Ping, assistant to the general manager of the National Convention and Exhibition Center s exhibition department.
In the first quarter of this year, industrial investment in Shanghai increased by 15.8 percent year on year, the turnover in the financial market increased by 23.4 percent year on year, and actual foreign investment increased by 20.3 percent.
