German businesses flock to Hongqiao Intl CBD

Nearly 20 prominent German companies converged in Shanghai's Minhang district on Sept 23 for the German special session of the Shanghai Hongqiao International Central Business District investment promotion event. The session aimed to strengthen business exchanges between China and Germany and enhance Minhang's attractiveness to foreign investors.

The German delegation visited key facilities, including the New Hongqiao International Medical Center, JinkoSolar Energy Center, and the Hongqiao Overseas Development Service Center.

A delegation comprised of nearly 20 German company representatives visits key facilities in the Hongqiao International CBD. [Photo/WeChat ID: minhangnews]

Minhang boasts a robust industrial base centered on advanced manufacturing and services. Its industries encompass aerospace, shipbuilding, electrical power, and more. Quality platforms like the Sino-German Industrial Park foster high-quality development for German enterprises.

Hongqiao International CBD, a key region for Shanghai's two-way opening-up, integrates commerce, exhibitions, transportation, and innovation. It hosts over 200 headquarters, including Bosch, Hofmann, and Jungheinrich. Minhang, as a foreign investment hub, hosts over 10,000 foreign enterprises, 112 Fortune 500 companies, and 168 functional agencies, contributing significantly to the region's economy. Among them, 373 German enterprises have invested around $4 billion, with 11 establishing regional headquarters.

During the event, German firms engaged in discussions with the Hongqiao CBD Administrative Committee and Minhang district government on site selection, industrial policies, development plans, supply chain integration, IP protection, and solutions tailored for German enterprises.