More com­pa­nies to es­tab­lish head­quar­ters

Shanghai Daily - - BUSINESS - Huang Yix­uan and Wang Yan­lin MULTI­NA­TION­ALS

SHANG­HAI has granted ap­proval for 30 multi­na­tional en­ter­prises to es­tab­lish their head­quar­ters in the city, and also for 15 re­search and devel­op­ment cen­ters.

The com­pa­nies granted cer­ti­fi­ca­tion by the Shang­hai Com­mis­sion of Com­merce in­clude BioMerieux, the world’s largest in-vitro di­ag­nos­tics com­pany; MSC Cruises, the world’s largest fam­i­ly­owned cruise busi­ness; In­ter­Con­ti­nen­tal Ho­tels Group, the world’s largest in­ter­na­tional ho­tel group; AECOM, the world’s largest gen­eral ar­chi­tec­tural and en­gi­neer­ing com­pany; world fa­mous fash­ion lux­ury brand Coach Group; the world’s largest small and medium-sized dis­play man­u­fac­turer Ja­pan Dis­play Inc; the world’s largest toy com­pany Mat­tel Group, the world’s No.1 per­fume com­pany COTY Inc; global mem­ory pro­duc­tion leader Kingston Com­pany; and fa­mous Ja­panese chem­i­cal en­ter­prise Kobayashi Phar­ma­ceu­ti­cal.

Mean­while, the city’s com­merce com­mis­sion has sup­ported multi­na­tion­als to set up open in­no­va­tion plat­forms, and en­cour­aged for­eign R&D cen­ters to par­tic­i­pate in ma­jor pro­jects. It has also guided so­cial cap­i­tal to sup­port the in­dus­tri­al­iza­tion of R&D.

As a re­sult, a large num­ber of R&D cen­ters with strong in­no­va­tion ca­pa­bil­ity and great in­ter­na­tional in­flu­ence have emerged in Shang­hai. The 15 R&D cen­ters awarded cer­ti­fi­ca­tion in­clude Va­leo Group, the world’s lead­ing sup­plier of auto parts; Schindler Group, one of the world’s largest pro­ducer of el­e­va­tors and es­ca­la­tors; and Zai Lab, a lead­ing bio­phar­ma­ceu­ti­cal en­ter­prise.

Mean­while, se­nior gov­ern­ment of­fi­cial Tang Zhip­ing told a fo­rum yes­ter­day that there will be no end to Shang­hai’s ef­forts to im­prove its busi­ness en­vi­ron­ment.

“With a fo­cus on the devel­op­ment of the city’s free trade zone, Shang­hai will ex­plore more ways to im­prove its busi­ness en­vi­ron­ment,” said Tang, the sec­re­tary gen­eral of the Shang­hai gov­ern­ment.

He was speak­ing at the Shang­hai In­ter­na­tional Think Tank Sum­mit hosted by the Devel­op­ment Re­search Cen­ter of the lo­cal gov­ern­ment.

In Novem­ber, the World Bank re­leased its lat­est global as­sess­ment of busi­ness en­vi­ron­ments, and China now ranks 46 out of the 190 coun­tries and re­gions, up from 78 last year.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.