Providing full support to Putuo-based firms
Company representatives and government officials from across Putuo District gather at the Shanghai Convention & Exhibition Center of International Sourcing for a ceremony honoring 113 local companies.
OVER 100 outstanding companies, individuals and office buildings were rewarded for their contributions to the community business in Putuo District at the Shanghai Convention & Exhibition Center of International Sourcing along Suzhou Creek on February 18.
A total of 113 key companies, including state-owned, private, startup and foreign enterprises, that have made major contributions to Putuo’s development, were honored, along with five outstanding investment promotion individuals and 21 office buildings generating over 100 million yuan (US$14.93 million) in tax revenues.
“Putuo will put in place all supportive measures introduced by the central and city governments, such as tax reduction and assistance to the private sectors,” Zhou Minhao, director of Putuo District, said.
Putuo has offered meticulous services to companies based in the district to attract further investment. And specialized staffers have been deployed to resolve any difficulties companies may have faced.
The district government has pledged to further cut the application and approval time by half this year, while companies will be allowed time to finish various applications and registrations through the one-stop website or service window.
The city’s first comprehensive service window on industry and commerce, as well as taxes, for instance, will be initially launched in Putuo.
Companies and individuals can solve various difficulties as easy as online shopping, according to the district government.
Putuo also aims to enhance intellectual property rights protection through the development of the China-Israel Innovation Hub, which will soon be launched as part of a national partnership between the two countries.
Among the awarded companies are China Mobile’s Shanghai branch, Tebon Securities, Schnerder Electric, METRO Jinjiang Cash & Carry Co, Far Eastern Horizon and the Internet firm Poker City. The office buildings generating 100 million yuan in annual taxes include the Changfeng Tower, Universal Technology Plaza and No. 10 building of Oasis Middle Ring Business Center.
Tebon Securities has been rooted in Putuo for over a decade.
The company’s CEO Wu Xiaochun said the financial company has greatly benefited from Putuo.
A government worker assists a company clerk to proceed the business administrative affairs.
In 2018, the district launched the “3+5+X” industrial policy system to optimize the overall business environment in terms of corporate services and talent development.
Putuo has given strong support to financial enterprises and technological innovation, Wu said.
Furthermore, Putuo has provided effective support on the training of employees with preferential policies and subsidies, Wu added.
China Post Science & Technology (CPST), a world-leading provider of intelligent logistics solutions, is a key state-owned enterprise of the China Post.
The company relocated to Putuo District from Beijing in 2018 for its business environment and science and technology-driven strategy, said president of the company, Fang Xiangyang.
The company once encountered a major bottleneck in Shanghai. Due to the city’s soaring housing prices, some high-end professionals were unwilling to move to Shanghai.
The Putuo District Investment Promotion Office then provided apartments with low rent to help keep the talent team and ensure its development.
Based on its headquarters in Putuo, CPST plans to accelerate its development in Beijing, Shanghai and Guangzhou this year, Fang said.
Putuo also released its development data to the major enterprises at the conference.
In 2018, the district achieved a district-level fiscal revenue of 11.45 billion yuan, a 5.5 percent increase on year.
Its industrial structure has been further optimized.
For the first time in the past 15 years, the contribution of the modern service industry to the regional economy has surpassed the real estate industry in Putuo. Among them, the number of enterprises with a total tax of more than 5 million yuan reached 552, an increase of 49 from 2017.
At present, the region’s three major industries — intelligent software, R&D services and technology finance, are developing rapidly to incorporate the city’s industrial map, Zhou said.
