Shanghai's first batch of 53 foreign-funded projects signed this year, with a total investment of ov

People's Daily, February 14 (Reporter Tian Hong) Shanghai recently held the first centralized signing ceremony of foreign-funded projects in 2022. 53 foreign-funded projects were signed, with a total investment of 5.44 billion US dollars, equivalent to 34.3 billion yuan. Shanghai continues to be one of the preferred locations for multinational companies to deploy their industrial chains, supply chains and innovation chains globally.

The contracted project focuses on Shanghai's "3+6" key industrial system. Among the signed projects, 37 involve key development industries such as biomedicine, electronic information, automobile, and fashion consumer goods, with an investment of 3.52 billion US dollars; 19 projects are distributed in key functional areas and "five new cities", with a total investment of 17 US$100 million; 21 projects have invested more than US$100 million.

Carl Zeiss, a global leader in the optics and optoelectronics industry, signed two new $30 million projects - Carl Zeiss (China) Investment Co., Ltd. and Carl Zeiss Medical Technology (Shanghai) Investment Co., Ltd.

In 2021, Shanghai will see double-digit growth in the number of newly established foreign-invested enterprises, contracted foreign capital, and actual use of foreign capital, of which the actual use of foreign capital will be 22.551 billion US dollars, a year-on-year increase of 11.5% and a new record high. Last year, Shanghai added 60 regional headquarters of multinational companies and 25 foreign-funded R&D centers, bringing the total to 831 and 506 respectively. By the end of last year, the number of countries and regions investing in Shanghai had increased to 190.

Zhu Yi, deputy director of the Shanghai Municipal Commission of Commerce, said that in the new year, Shanghai is taking the entry into force of the Regional Comprehensive Economic Partnership (RCEP) as an opportunity to accelerate the implementation of the new version of the negative list for foreign investment access, deepen the opening up of the service industry, and continue to build A market-oriented, legalized, and internationalized business environment will continue to create a precise and effective policy system, create better conditions for foreign-funded enterprises to invest in Shanghai and take root in Shanghai, and strive to create a preferred destination for foreign investment and a high-quality foreign investment in the new era.