(title) West Hongqiao Business District Soars as International Investors Flock to Expo Hub
The West Hongqiao Business District in Shanghai’s suburban Qingpu District is experiencing a surge in global economic cooperation and investment as the countdown to the 6th China International Import Expo (CIIE) begins. In a bid to attract investors, the district recently hosted the 2023 West Hongqiao Business District Industrial Economic Cooperation Conference and Global Investment Summit at the National Exhibition and Convention Center, the venue for the CIIE.
During the event, a global industry partnership plan for West Hongqiao was unveiled, drawing the participation of 26 partners including the Shanghai Convention & Exhibition Industries Association, Jones Lang LaSalle (JLL), and Ernst & Young. These influential partners will play a crucial role in boosting the development of the business district.
The conference also saw the appointment of 14 industry experts and entrepreneurs as industry development consultants for the West Hongqiao Business District. This move aims to leverage their expertise and insights to drive the district’s growth and prosperity.
Notably, the event witnessed the signing of agreements for 30 projects in key sectors such as artificial intelligence, biomedicine, high-end equipment, trade and exhibition, and green energy. These projects, spanning over 100,000 square meters, will be located within West Hongqiao, injecting new vitality and momentum into its development.
The West Hongqiao Business District has emerged as a central hub for enterprises, attracting leading companies like Midea Group and China Nuclear Engineering & Construction Group Co Ltd. This influx can be attributed to the district’s strategic advantages in transportation, industry agglomeration, trade and business development, financial empowerment, and innovation systems.
The district’s position as a traffic, convention and exhibition, trade and business hub has made it a magnet for funds and talents. To further enhance its business environment, Shanghai West Hongqiao Business Development Co Ltd plans to intensify efforts by introducing proactive measures.
The business district is anchored by the BeiDou West Hongqiao Base and thrives with four key industry clusters: business and trade, convention and exhibition, science and innovation, and health. These clusters complement each other and capitalize on the opportunities presented by the CIIE, the Hongqiao International Open Hub, and the integration of the Yangtze River Delta region.
Overall, the West Hongqiao Business District in Shanghai is making significant strides as international investors flock to this thriving expo hub. With its rich array of partnerships, strategic projects, and robust industry clusters, the district is poised for remarkable growth and continued success in the global market.
