Shanghai become the regional HQ for over 700 multinational companies
China Knowledge Online
Sep 17, 2019

Sep 17, 2019 (China Knowledge) - Shanghai is not only an operational headquarter for many overseas companies in China, but also plays an important role in the whole Asia-Pacific region. It attracts a large number of multinationals to locate their regional headquarters.

According to the data from Shanghai Municipal Commission of Commerce released on 14 Sep, as of Aug, Shanghai has welcomed 31 new headquarters and the number is growing continuously. More and more regional operation HQs are setting up in Shanghai.

China has an enormous market that provides sound business environment for overseas companies. As of the end of Aug, Shanghai has attracted 451 overseas research and development (R&D) centers.

Take Heraeus Photovoltaics as an example, it will put 80% of its new investment in Shanghai where the latest technologies and solutions are developed to provide services to their clients worldwide.

Recently, the district government of Pudong New Area and Swire Coca-Cola held a signing ceremony for a strategic cooperation memorandum. According to the memorandum between the two sides, Swire Coca-Cola will focus its global strategy on China, increase its investment in Pudong New Area, moved its headquarters to China from Hong Kong.

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