The Global Economic Network (GEN) was launched in Shanghai's Pudong New Area on Sept 19. Located within the Shanghai Tower, it has gathered a group of premium foreign-invested companies and international organizations and aims to create a global collaborative platform to promote the internationalization and sustainable development of enterprises.

During the ceremony, GEN and the Shanghai Pudong Enterprise Going Global Comprehensive Service Center announced a deep partnership to jointly establish a "government-market-international network" service ecosystem.

GEN and the Shanghai Pudong Enterprise Going Global Comprehensive Service Center sign a strategic cooperation agreement on Sept 19. [Photo/eastday.com]

Founded in April this year, the Shanghai Pudong Enterprise Going Global Comprehensive Service Center is China's first non-governmental organization dedicated to supporting enterprises expand overseas, with businesses covering Europe, America, Asia-Pacific, and the Middle East regions.

The two organizations will collaborate in providing ESG (environmental, social, governance) standards consulting, compliance development and certification support to enterprises; building a cross-border cooperation platform covering markets including Southeast Asia and the EU; and providing localized services including legal, tax, supply chain and talent introduction.

Overseas expansion is essential for Chinese companies looking to become world-class enterprises. By establishing a comprehensive, multi-layered system that offers support in terms of investment, acquisition, office space, and professional services, Pudong is striving to help local enterprises go global and enhance their global competitiveness.