5. Industrial leading companies flock into Hongqiao CBD

Hongqiao Tiandi was crammed with famous entrepreneurs on Mar 4 as the CBD hosted a signing ceremony announcing the settling down of 28 enterprises and projects in the area, yielding a total capital volume of 11.7 billion yuan ($1.7 billion).

Three foreign capital firms, namely Haoneng Hoerbiger DriveTech (Shanghai) Company, Lite-on Technology Corporation and KSPG (China) Investment Company, received their business licenses.

Various industry-leading giants including the New Hualian Group and Longfor Properties Company signed agreements to later extend their branches to the business zone.

So far, more than 800 global companies, including multinational oil and gas company Shell and compression technology firm Hoerbiger, have settled in the district. Around 650,000 jobs will be created in the CBD by the end of 2020.