Hongqiao CBD receives extra 150b yuan investment

en.sww.sh.gov.cn | Updated:Jan 22, 2020

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Hongqiao Import Commodity Exhibition and Trade Center [Photo/WeChat account: scofcom]

Hongqiao Central Business District (CBD) in Shanghai will receive another 150 billion yuan ($21.72 billion) worth of investment in the near future, with several listed company headquarters and modern service enterprises soon to settle in Hongqiao, local media have reported.

To build a first-class international central business district and a new platform for a high-level international trade center, Hongqiao CBD has been stepping up efforts to attract high-quality projects.

Min Shilin, executive deputy director of the Shanghai Hongqiao CBD Administrative Committee, said these projects involve the headquarters of some well-known enterprises and commercial complexes. With large investment and obvious output effect, these projects will help to improve the functional layout and economic density of Hongqiao CBD.

Hongqiao CBD will continue to optimize its business environment and provide better services in terms of planning and arrangement, land support, enterprise settlement and talent support, Min said.

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