The Minhang area of the Hongqiao International Central Business District held its 2025 Spring Festival Enterprise Commendation Conference on Jan 24, recognizing outstanding enterprises in biopharmaceuticals, photovoltaic new energy, international trade, fashion consumption, and professional services.
In 2024, the area added 22 new high-level headquarters, bringing the total to 272, while a modern industrial system centered on biopharmaceuticals and photovoltaic new energy industries is rapidly taking shape.
Innovent Biologics was recognized for its innovative drug development, with a commitment to increasing R&D investments. The company has inaugurated its global R&D center in the area, marking a significant milestone for the local biopharmaceutical sector.
Key developments also included the completion of the Hongqiao Import Commodity Exhibition and Trade Center's Building B and the launch of the Hongqiao International Coffee Harbor's online platform. The Hongqiao Human Resources Industrial Park now houses 263 leading HR companies, while the Hongqiao International Central Legal Hub is now home to 151 legal service institutions.
