Shanghai creates platform for investment

Shanghai has rolled out an investment promotion platform for investors designed to help them make the right investment choices in the city.

The platform (http://investment.sheitc.sh.gov.cn/) was created by the Shanghai Commission of Economy and Informatization, along with other government authorities, industrial parks and business complexes.

The platform is like an investment encyclopedia of Shanghai and a merger of all industry resources, which currently can provide more than 400 industry policies and support facilities, over 200 industrial parks, 26 major industrial parks and 3,000 business complexes.

“Unlike commercial counterparts whose ranking was based on bidding, this investment promotion platform, built and operated by the government, provides objective information,” said Wang Dong, director of the Shanghai Investment Promotion Service Center.

Information on the platform will be updated annually, he said.

The platform makes all industrial parks and business complexes in Shanghai visible online, which can improve investigation efficiency.

“Online investigation, instead of investigating on the spot, at this troubled time when the world is hard hit by the pandemic, really helps,” Wang said.