Shanghai Hongqiao Central Business District

Publish Date：2019/11/04 Source：

Policy Categories：Pilot Zone/Yangtze Delta River Region

Hongqiao Central Business District is a new platform specified in China’s Planning work for the Integrated Development of the Yangtze River Delta Region and will be built into Hongqiao International Open Hub, an international central business district and an international trade center. Located in the west of downtown Shanghai and at the core of the Yangtze River Delta megalopolis, Hongqiao Central Business District hosts the perennial venue of China International Import Expo. With a total planned area of 151 square kilometers, it has the world’s largest Hongqiao Integrated Transportation Hub and National Exhibition and Convention Center. Since the launch of its planning and development in 2009, Hongqiao Central Business District has focused on the development of headquarters economy and the modern service industry, made efforts to improve its international trade functions, given priorities to international trade, MICE tourism, modern logistics, aviation services, satellite navigation, medicine and health care, culture and creative, professional services, financial services, artificial intelligence, information services, and other industries, and has gradually developed a pattern featuring big transportation, big exhibition, and big commerce.

The Implementation Plan for Accelerating the Development of Hongqiao Central Business District into an International Open Hub has been released and put into force. We will focus on bringing together a number of high-level trade entities and functional platforms, develop headquarters, platform, digital and exhibition economy, relax restrictions on access of foreign investment companies, support exhibitions and conferences accredited by authoritative international organizations, establish an institutional system that is in line with the prevailing international rules, and explore more pilot measures to expand opening-up in such areas as digital trade, financial services, information services, and exhibition services.

1. What are the priorities supported by the Administrative Measures of Shanghai Hongqiao Central Business District for Special Development Fund?

The Administrative Measures of Shanghai Hongqiao Central Business District for Special Development Fund provides a fund pool of RMB 2 billion, which will focus on business and transportation projects that promote industrial agglomeration, function creation, and talent attraction. We will provide free financial support, subsidized loans, government subsidies, and government procurement of services for major projects that optimize the business environment, promote low-carbon practice area, green ecological demonstration city and smart Hongqiao, and gather innovative and entrepreneurial talents (in principle, only one form of support will be applied).

2. What highlight policies does Hongqiao Central Business District have to offer in terms of industrial support?

We support the development of headquarters economy and provide a decoration subsidy of up to RMB 6 million to a headquarters enterprise that settles in Hongqiao Central Business District and is certified by the competent national or municipal functional department.

For the branding activities and high-end international commerce and trade activities conducted by various market players in Hongqiao Central Business District, we will provide a subsidy of up to RMB 1 million for any single eligible activity.

We will provide supportive policies, including rent subsidies and start-up subsidies, to enterprises that conform to regional functional positioning and industrial orientation and meet certain standards.

3. What policies does Hongqiao Central Business District have for functional platforms?

Hongqiao Imported Goods Exhibition and Trading Center provides three years’ rent subsidy and a startup subsidy of up to RMB 1.5 million for eligible enterprises in this District; the goods stored in the bonded logistics center of Hongqiao Central Business District (Type B) are exempt from warehousing charges for a certain period of time.

Hongqiao Overseas Trade Center provides rent-free office space for three years and a start-up subsidy of up to RMB1.5 million for eligible overseas non-profit trade service and investment service international organizations or institutions, chambers of commerce, and trade associations.

Yangtze River Delta E-commerce Center will provide three years’ rent subsidy and a startup subsidy of up to RMB 1.5 million to eligible e-commerce and other digital trading enterprises or associations, in an attempt to build Hongqiao Digital Trading Port.

4、What policies does Hongqiao Central Business District have in offering services for enterprises and talent?

We will set up a service window for foreigners to apply for a permit to work in China, and reward merit points and offer other types of convenience for foreign reserve talent, talent with special skills and high-end talent employed by enterprises in this District to apply for work permits. Meanwhile, we will provide convenience to foreign talent who are employed by enterprises in the Yangtze River Delta and assigned to work in Hongqiao Central Business District, such as applying for work permits.

We will provide services for trademark registration (including the Madrid System for the international registration of marks) for enterprises in Hongqiao Central Business District as well as a series of featured services (such as legal assistance in international trade and international commercial arbitration) so as to provide convenient and reliable services and support for enterprises.