Jinshan to attract more foreign investors

Jinshan is building a brand new industrial park for small and medium international businesses to draw more foreign investments, the official has revealed in an investment symposium.

The park to be finished by 2020 will cover an area of 96,000 square meters.

The district has signed 21 foreign investment projects this year, with a combined investment of US$670 million.

Zhao Weixing, Party secretary of the district, said as Shanghai is branding itself to be a world leading manufacturing city by 2020, Jinshan has its unique advantage of being able to provide more facilities to entrepreneurs and manufacturers.

“Jinshan is Shanghai’s southwest gate to the Yangtze River Delta region,” said Zhao. “It will play an important role in integrating the delta.”

So far 1,637 foreign enterprises have established offices in Jinshan, 29 of which are among the Fortune Global 500.