- R&D
Shanghai has made proactive efforts in recent years in supporting foreign-invested enterprises to establish R&D centers and open innovation platforms. It has also been encouraging these R&D centers to develop global competitiveness and participate in the R&D of public service platforms. Today, foreign-invested centers are playing an essential role in building Shanghai into a global innovation hub.
30
New foreign-invested centersintroduced in 2024
591
Foreign-invested centersintroduced bythe end of 2024.12
Enhanced Capacities of Headquarters
As the capacity of Shanghai-based multinational RHQs is improving, the city continues to be a major magnet for international well-known and leading companies. As of the end of 2024.12,591 MNCs have set up their RHQsin Shanghai covering Asia or broader regions.
The MNCs in Shanghai mainly operate in the key industries in the city's development roadmap, represented by biophar-maceuticals, smart manufacturing, integrated circuits, new materials, digital information and artificial intelligence.
Synergistic Development of R&D and Innovation
In Shanghai, foreign-invested R&D centers have con-centrated in high-tech industries, such as equipment manufacturing, biopharmaceutical, chemical manufac-turing and electronic information. Among them, the biopharmaceutical industry has the highest concentra-tion of foreign-invested R&D centers.
Increasingly more multinational companies base their research hubs in Shanghai that are capable of developing new products for Asia and beyond.
