Minhang's Huacao town issues preferential policies to attract enterprises

A business service platform is launched at the investment promotion conference of Huacao town on Feb 13. [Photo/Shanghai Observer]

Huacao town in Shanghai's Minhang district held an investment promotion conference on Feb 13 to optimize the business environment and create a more powerful highland for industrial agglomeration. During the event, seven key projects were signed and 10 major favorable policies were released.

Those policies cater to the needs of enterprises and focus on areas such as education, medical care, elder care, talents, housing and employment.

Specific measures include building high-quality medical institutions, providing convenient and preferential pension services for the families of employees, opening green channels for corporate talents, offering rental subsidies and medical examinations for companies, constructing talent apartments and delivering personalized recruitment services for enterprises.

"Star-rated enterprises can enjoy discount benefits for talent apartments," said Pan Huiyuan, director of the population office of Huacao.  According to the new policy, Huacao will provide qualified enterprises with housing subsidies in which each person can receive up to 1,500 yuan per month.

As a core of the Hongqiao International Opening Hub and the main battlefield for the construction and development of the Shanghai Hongqiao International Central Business District, Huacao presents a surging development momentum.

Relying on the key development area of 10 square kilometers in the core area of Hongqiao, Huacao has attracted more than 10 headquarters projects and leading enterprises with three major clusters of hardcore industries. Minhang has insisted on promoting high-end equipment and new generation information technology as well as leading industries such as biomedicine and artificial intelligence.

A number of enterprises and institutes, including Dima, the Shanghai branch of CSCEC Xinjiang Construction & Engineering, and the Shanghai Institute for Biomedical and Pharmaceutical Technologies, have signed contracts with Huacao in sectors such as artificial intelligence, digital innovation and trade.