The Hongqiao Empowerment Center for SRDI Enterprises is launched at the 2025 International Development Conference for SRDI Enterprises. [Photo/Shanghai Observer]
The Shanghai Hongqiao International Central Business District recently hosted a conference focused on the global development of small and medium-sized enterprises with specialized, refined, differentiated, and innovative characteristics (SRDI enterprises), aiming to support their international expansion.
Shanghai has long been at the forefront of nurturing SRDI enterprises, and the Hongqiao CBD is set to become a leading center for Chinese companies aiming for international expansion.
A significant highlight of the conference was the launch of the Hongqiao Empowerment Center for SRDI Enterprises, designed to support their global growth efforts.
The conference brought together government officials, business leaders, and academics to explore new strategies for SRDI enterprises to expand their products and services internationally.
Xu Kemin, former chief economist of the Ministry of Industry and Information Technology, said that the 15th Five-Year Plan period (2026-30) is crucial for building a modern industrial system and strengthening the real economy. He stressed the importance of improving international and professional services to support small and medium-sized enterprises in expanding abroad.
Pu Yapeng, deputy director of the Shanghai Municipal Commission of Economy and Informatization, said that the city will improve related services and support companies in forming delegations to go abroad. It will also promote connections with business associations, sharing its "Shanghai Experience" and "Shanghai Solutions" with SRDI enterprises nationwide.
Professor Zhou Hanmin from China's political advisory body emphasized the importance of increasing the international competitiveness of SRDI enterprises to help Chinese businesses enter the global market. He pointed out that private SMEs are key players in China's "going global" strategy, but they face challenges such as talent shortages and financing difficulties. Zhou called for strong support to ensure these enterprises can expand steadily and successfully.
An international talent education and training base was established on-site to support SRDI enterprises expanding abroad, with a focus on developing global talent.
Zahid Anwar, a professor at the University of Peshawar in Pakistan, emphasized the strong partnership between Pakistan and China. He said that the Belt and Road Initiative has strengthened Pakistan's economy and encouraged Chinese SRDI enterprises to get involved in development projects in Pakistan.
Professor Jiang Wei from Shanghai Jiao Tong University offered practical advice for enterprises looking to expand globally. He suggested that firms carefully select their target markets, innovate their business models, and emphasize supply chain collaboration and risk management.
