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Shanghai's bonded zones become preferred destination for global investors

english.pudong.gov.cn/chinashftz Updated: 2024-10-25

A total of 100 foreign-invested enterprises (FIEs) based in the bonded zones of Shanghai have made themselves onto the list of the top 100 FIEs in Shanghai revealed recently, accounting for a quarter of the city's total.

Among them, 25 ranked in the top 100 in operating revenue, 45 in the top 100 in import-export volume, 18 in the top 100 in tax contributions, and 12 in the top 100 in job creation, according to the recently released report.

Regarding sources of investment, businesses from Hong Kong led the way with 16 companies, followed by Japan with 10, Singapore with eight, and the United States with seven.

In terms of industry distribution, the wholesale and retail sector had the highest number of companies at 48, covering 15 product categories. Among these were 11 medical equipment companies, nine electronic component companies, four metal and mineral companies, nine transportation, warehousing, and postal companies, and four industrial companies.

By the end of 2023, the bonded zones in Shanghai had attracted around 10,000 FIEs from 112 countries and regions, with 141 multinational companies choosing to set up their regional headquarters in China in the bonded zones.