An Investment promotion conference was held in Minhang district, Shanghai on Jan 11.

A center for investment promotion, aiming at improving development of key industries and introducing a number of headquarters of leading enterprises, was also inaugurated at the event.

The district attracted a group of 111 key projects at the conference with an aggregated investment of 121 billion yuan ($1.8 billion).

It should be highlighted that these major projects are characterized by "industrial science and technology", and have a total investment of 79.48 billion yuan and a planned investment of a further 15.6 billion yuan. The number of industrial science and technology projects accounted for more than 50 percent of the total projects attained, and the investment accounted for more than 70 percent of total investment.

In order to promote the implementation of the major projects, it is estimated that 1.2 million square meters of new construction area will be added this year.

In 2020, Minhang district will roll out a raft of preferential policies and measures including "services to be accessed via one website" and set up assistant service stations to optimize the business environment.

An Investment promotion conference is held in Minhang district, Shanghai on Jan 11. [Photo/WeChat account: scofcom]