East China's Shanghai hosted the Invest in Shanghai, Share the Future overseas promotion campaign in Tokyo on Nov 15 – aimed at boosting economic cooperation between Shanghai and Japan.

Presentations get underway in the conference hall during the Invest in Shanghai, Share the Future overseas promotions campaign. [Photo/WeChat account: scofcom]

The event was organized by the Shanghai local government, with support from the Shanghai Municipal Commission of Commerce and the China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area.

In his keynote speech, Shanghai Vice-mayor Hua Yuan emphasized the city's commitment to deepening reform and expanding high-level openness.

He highlighted Shanghai's strategic advantages as an ideal location for Japanese companies entering the Chinese market and assured attendees that the city will continue to provide comprehensive and high-quality services to foreign investors.

Japan is Shanghai's fifth largest export market and third largest source of import and investment. It's estimated that over 6,500 Japanese companies operate in the city, contributing more than $25 billion in investment.

The event also included a special presentation on small and medium-sized industrial parks especially tailored for Japanese companies, as well as another on the signing of agreements with major banks to foster cooperation.

The promotion aimed to showcase Shanghai's opportunities and potential to a global audience, while inviting international businesses and talent to invest and collaborate in the city.

About 120 representatives of Japanese companies attended the event, reflecting the strong interest in strengthening bilateral economic ties.