Minhang pledges to promote opening-up, sci-tech innovation
Shanghai's Minhang District will continue to promote opening-up and science and technology innovation for higher-quality development, district authorities pledged on Thursday.
Minhang, geographically located in the center of Shanghai, is a hub that connects the city with other places in the Yangtze River Delta region and the rest of the world, which welcomes talent and investors from all over the world, according to Chen Yujian, Party chief of the district.
Its north area is home to a core area of the Hongqiao International Open Hub, which is regarded as an international business center, a transportation hub and a key link between domestic and international market circulations.
"We have accelerated the opening-up with 16 national policies and 10 city-level policies being implemented, such as relaxing access to foreign investment, establishing free trade accounts, and streamlining application of permanent residence for foreign talent," Chen said.
"We've also established platforms such as the Hongqiao Import Commodities Expo and Trade Center, the Hongqiao International Talent Port, and the Hongqiao International Central Legal Service Hub, which have gathered more than 600 trade enterprises, 155 talent service companies and 52 legal firms. The New Hongqiao International Medical Center is also developing with five hospitals already built and put into operation."
Chen pointed out that Minhang has also focused on the development of the "headquarters economy," with more than 240 enterprises having setting up headquarters in the Minhang area of the Hongqiao International Central Business District, including 65 regional headquarters of transnational companies. It's also home to 87 research and development centers and 51 public listed companies.
With two prestigious universities – Shanghai Jiao Tong University and East China Normal University, more than 10 research institutions in the aerospace, aviation and shipping fields, as well as over 440 R&D organizations, Minhang has taken innovation as the main engine of its development.
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