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Shanghai Daily News Digest

Waigaoqiao sees jump in H1 foreign investment   2020-08-28

 

 

The Shanghai Waogaoqiao Bonded Area attracted US$2.487 billion of contractual foreign investment and US$1.26 billion of actual foreign investment in the first half of this year, up 20.41 and 24.6 percent, respectively, from a year earlier. Nine new regional headquarters of transnational corporations settled in the bonded area in the first half. Several foreign-invested companies, including Siemens Energy, have added investment in the bonded area. The German company, adding 3.8 billion yuan (US$550 million) in investment, is now preparing for its regional headquarters verification. Yanmar (Shanghai) Investment Co Ltd added US$30 million to its registered capital. The company has finished regional shareholding structure adjustment and expanded its investment in China to launch a new business section.  

 


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