An advanced industrial cluster to serve world's leading enterprises
Qingpu District is stepping up efforts to develop an advanced industrial cluster as it aims to leverage its geographical advantages and favorable business environment to appeal to more Chinese and foreign-funded companies.
The district, which is located in west Shanghai, is taking advantage of the integrated development of the Yangtze River Delta region to foster a group of industries that can help accelerate the shift of economic growth drivers.
Established in 1995, Shanghai Qingpu Industrial Park covers 56.2 square kilometers. It consists of two national-level development zones, Qingpu Comprehensive Bonded Zone and Zhangjiang Qingpu High-tech Park. After nearly 25 years of development, Shanghai Qingpu Industrial Park has gathered more than 2,000 high-quality domestic and foreign enterprises, including 23 Fortune Global 500 companies, together with more than 50 regional corporate headquarters or research and development centers. It has 149 enterprises and 37 listed companies or their affiliates. Nearly 20 companies in the park are in the pipeline for public listings.
The park focuses on a raft of sectors including high-end equipment, auto parts, biomedicine, new materials, printing and media, fast-moving consumer goods, electronics and information, as well as artificial intelligence.
The park now has 109 European enterprises, including 39 from Germany. Among them are world-leading machinery and equipment engineering company Dürr, skincare brand Nivea, a century-old family business Vorwerk, printing equipment company Heidelberg, Fortune Global 500 conglomerate BASF, specialty lubricant manufacturer Klüber and textile machinery maker Trützschler. These Germany companies post a combined annual output of 4.4 billion yuan, accounting for 20 percent of total output of all foreign-invested enterprises and 82 percent of all European enterprises in the industrial park.
Shanghai Qingpu Industrial Park
Zhangjiang Qingpu High-tech Park
The area of Zhangjiang Qingpu High-tech Park has been expanded from 12 square kilometers to 21 square kilometers, with the number of companies rising to more than 600. The park’s enterprises can enjoy all the preferential policies in Zhangjiang High-tech Park in the Pudong New Area. This includes offers of funding support to cutting-edge Chinese and overseas research institutes, key laboratories and functional headquarters. The park is committed to incubating enterprises, fostering technology innovation, cultivating talent and facilitating research results.
Qingpu District is stepping up efforts to develop an advanced industrial cluster as it aims to leverage its geographical advantages and favorable business environment to appeal to more Chinese and foreign-funded companies.
Qingpu Comprehensive Bonded Zone
The Qingpu Comprehensive Bonded Zone covers 1.58 square kilometers, and it is in the bonded zone closest to the National Exhibition and Convention Center (Shanghai).
It is home to 48 enterprises that specialize in export processing and manufacturing, aircraft engine maintenance, bonded logistics and cross-border e-commerce. It features a cluster of high-quality projects by leading global and Chinese companies in the fields of aviation, oil equipment, automotive systems and electronic materials.
Qingpu government has unveiled a raft of supporting policies to encourage companies to settle down in the industrial park, with special efforts to provide high-quality commercial services as well as education and healthcare for people who work for companies in the park.
Also with 120 newly added bicycle rental points and five parking lots, the industrial park aims at improving the mobility of people who work there or live in nearby areas. It also offers shuttle buses for people to commute from Metro Line 17 to the park, and residential space for rent to people who work in the park.
Qingpu government has unveiled a raft of supporting policies to encourage firms to settle down in its industrial parks.
Qingpu enterprise samples
Shanghai Qingpu Development Group Co Ltd
Established in 2013, the group has devoted itself to building a platform that helps companies raise funds, offers them value-added resources and provides them with sound infrastructure. As of the end of September, it had attracted more than 20,000 companies to register with its economic development zones. Its affiliated fund management unit runs nearly 2 billion yuan (US$280 million) in private equity and poverty alleviation funds to support the development of rural areas.
Shanghai Shixi Software and Information Park Investment and Development Co Ltd
The park, established in December 2017 in Qingpu District, focuses on the fields of software, information and high technology. Big data, industrial software, Internet of Things and artificial intelligence are its main businesses. It aims to become a demonstration zone in Shanghai for technology innovation. Based on the industry policies, the talent policies and the supporting services, Shanghai Shixi Software and Information Park provides featured services such as high-quality carrier and industrial guidance fund. On September 19, 2019, the precise measurement semiconductor project, the first land acquisition project of the park, completed the land transfer and obtained the construction license on September 29.
Shanghai Hongcheng Economic Development Co Ltd (Hongcheng Park)
It was set up in April 1994 and became affiliated to Shanghai Qingpu Development Group Co Ltd in April 2015. Leveraging its geographic advantages in connecting with Jiangsu and Zhejiang provinces, together with favorable government policies, the park has attracted more than 200 Chinese and foreign-funded industrial enterprises and around 3,000 commercial and trade companies, with a cumulative tax payment in excess of 3.9 billion yuan.
Shanghai Hongliang Economic Development Co Ltd
Affiliated to Shanghai Qingpu Development Group Co Ltd since October 2013, it was set up in 1998 with a registered capital of 5 million yuan. It specializes in investment promotion and consulting services. In 2018, it attracted 432 new companies, bringing the total number of enterprises registered with the platform to 3,380. The total tax payment by these companies in 2018 was up 65 percent year on year.
Shanghai Tianjia Economic Development Co Ltd
A part of Shanghai Qingpu Development Group Co Ltd, it was established in May 1996. The economic development park houses many companies specializing in modern services, mainly technology and commercial services. Nearly 3,000 companies have registered with it.
Shanghai Yunhu Economic Development Zone
It was set up in June 1998 and merged into Shanghai Qingpu Development Group Co Ltd in 2013. After 20 years of development, it has attracted more than 2,300 enterprises, including retail giants like Century Lianhua Qingpu, Orient Shopping Center Qingpu and Lianhua Supermarket Qingpu. Some public utilities enterprises in Qingpu District have also settled in the zone.
Qingpu Agricultural, Industrial and Commercial Economic City Investment Management Co Ltd
Founded in November 1997, it is a state-owned economic development zone under Shanghai Qingpu Development Group Co Ltd. Since its inception 22 years ago, its fund industry has been a brand feature. With a sound investment environment, preferential supportive policies and overall one-stop services, the development zone has introduced a large number of excellent and well-known fund enterprises such as Loyal Valley Innovation Capital, DT Capital Partners, Panjing Investment Management and Bangming Investment Management. By the first half of 2019, it had introduced 55 licensed fund managers and 70 funds, and managed funds worth more than 100 billion yuan.
