SHANGHAI aims to “further improve our business environment” to help draw another 45 multinational companies to locate their regional headquarters here this year, the Shanghai Commission of Commerce said yesterday.

Regional headquarters already located in the city will be encouraged to upgrade to boost the city’s status as the Chinese mainland’s largest hub for foreign companies.

"Participation of foreign investment and foreign techniques is a remarkable feature of Shanghai’s economy,” said Shang Yuying, chairwoman of the commission.