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Talk series discusses Hongqiao's economic development

LMS| Updated: March 15, 2023

The first session of Hongqiao Caijinghui, or Hongqiao Finance and Economics Talk, was recently held in the Jiading Area of Shanghai Hongqiao International Central Business District.

The talk series is designed to gather experts to discuss hot topics based on local companies' demands and regional economic development.

In the latest session, experts, scholars, and business leaders were invited to discuss digitalization trends, the financing of companies, as well as regional coordinated development.

Hu Zhihong, deputy director of the Hongqiao CBD's administration, briefed the attendees on Hongqiao's latest developments.

According to Hu, investment in the Hongqiao CBD increased nearly 60 percent in 2022 compared to that in 2021. In addition, the actual paid-in foreign capital increased by 100 percent, while commodity imports and exports rose by 8.6 percent.

Since the beginning of this year, a number of companies from the Yangtze River Delta region and across the country have set up their international business arms and R&D centers in the Hongqiao CBD, Hu added.

Li Feng, deputy head of Jiading district, detailed the district's achievements in new energy vehicles, high-end medical chips, and the online economy. Zhang Xiaodong, vice-president and secretary general of China management Science Society, gave a keynote speech on the innovation-driven data industry, while Yu Jiuhong, chief expert on finance and ecology at the Harbin Institute of Technology's Institute for Artificial Intelligence, shared his views on digitalized management and talent attraction for smart industrial parks.

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