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West Hongqiao boosts business environment, industrial clusters

LMS| Updated: March 2, 2023

As a key part of the Hongqiao International Central Business District, Shanghai West Hongqiao in Qingpu district is optimizing its business environment and accelerating the advancement of industrial clusters. Last year, the area created 4.5 billion yuan ($653 million) in tax revenue, a year-on-year increase of 29 percent.

Efficient services at CIIE

West Hongqiao has launched a series of service models to serve the China International Import Expo, among them a "one-stop" on-site service mode to meet the urgent needs of enterprises such as a business license issued within one hour.

Professional investment promotion

Focusing on various types of industrial development, West Hongqiao has upgraded its professional service mechanism in a targeted manner. It has established specialized investment promotion teams in industries such as Beidou, conventions and exhibitions and cultural creativity.  

Empowering government services

Qingpu optimizes West Hongqiao's "one-stop" window to offer tailored government services through digital empowerment. 

Shaping of industrial clusters

West Hongqiao continues to consolidate its development advantages in industries such as conventions and exhibitions, Beidou, fashion consumption, new energy and health.  

Constructing public facilities

It has accelerated the construction of supporting facilities for public institutions in culture, education, sports, and health sectors including the Anta Sports Park and World Foreign Language Academy and improved the living environment for the 15-minute community life circle.

West Hongqiao will make full use of Shanghai's incentive policies to attract domestic and foreign top talents and offer services in housing, education and medical care.

Future prospects

West Hongqiao will strive to introduce 300 exhibition enterprises, build trade headquarters of brands such as Anta, Bosideng and Consinee and introduce a batch of high-quality trade platforms. It will boost research and development and industrialization of such industries as aerospace information, intelligent manufacturing and green transport. 

West Hongqiao is advancing its export-oriented economy and attracting more foreign-funded enterprises. It also plans to build a cultural and performing arts center and a cultural, film and television industrial cluster to enhance its soft power.

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