As a key part of the Hongqiao International Central Business District, Shanghai West Hongqiao in Qingpu district is optimizing its business environment and accelerating the advancement of industrial clusters. Last year, the area created 4.5 billion yuan ($653 million) in tax revenue, a year-on-year increase of 29 percent.
A new business service center opened in Xinjing town in the Shanghai Hongqiao International Central Business District on Feb 1.
The center has developed self-service terminals covering services in 40 counties and cities in the Yangtze River Delta region.
The Hongqiao International Central Business District Enterprise Service Center – located in East China's Shanghai – was opened in February 2022, covering an area of 1,200 square meters.
East China's Shanghai city recently launched four service stations to help local enterprises to benefit from the introduction of the landmark Regional Comprehensive Economic Partnership, or RCEP trade agreement which took effect on Jan 1 this year.
Shanghai has streamlined the approval and filing process for foreign investment projects in the latest attempt to optimize the business environment and attract foreign capital.
