Awards indicate foreign confidence in city
November 20, 2020
Shanghai Mayor Gong Zheng on Thursday awarded certificates to a new batch of 30 regional headquarters and 10 research and development centers of multinational enterprises, an indication that the city remains a popular destination for foreign investment.
Most of the companies are involved in the key industries where Shanghai has a strong focus. Among them, four are in the biomedicine, four in the information technology, four in automobiles, four in intelligent manufacturing, and three in integrated circuits. Five are Global Fortune 500 enterprises.
Nine of the 40 regional headquarters and R&D centers are for China, the Asia Pacific region or bigger areas.