Pudong aims to partner business

Pudong, which is leading the country with its innovations to cut red tape and attract investment, aims to be a strategic partner for business and not just a service provider, officials said on Wednesday.

The Pudong New Area in 2012 pioneered the country's first one-stop service platform to serve local businesses.

In 2017, it established a service center to especially serve regional headquarters, providing tailor-made services based on different needs — from policy interpretation to resource sharing.

The Pudong Commission of Commerce said it would work to deepen the connections and cooperation between state-owned enterprises, multinational companies and privately-owned firms.

The authority will soon build a “resource pool” for companies from China and abroad with regional headquarters in the area and an “innovation map” that will guide startups about how to build up business and help them gain access to money.

Pudong is home to more than 600 regional headquarters, more than half of which are multinational companies.

About one fifth of Fortune 500 companies have set up innovation centers in Pudong, and 76 of the top 100 innovative companies across the globe have invested in the area.

GE China’s innovation centers in the Zhangjiang Science City have 60 world-class labs, with more than 1,700 patents.