AbbVie's headquarters in Pudong. [Photo/WeChat ID: pdnews]

Pudong New Area in Shanghai has surpassed a significant milestone, now hosting over 500 regional headquarters of multinational companies. This figure represents nearly half of Shanghai's total, making Pudong the most concentrated area for such headquarters on the Chinese mainland.

It also reflects strong international confidence in Pudong. The level of headquarters operations directly impacts a city's global standing. In Pudong, multinational companies are evolving from basic sales and production roles to becoming comprehensive hubs for research and development, investment, and strategic management.

The BASF Shanghai Pudong Innovation Park. [Photo/WeChat ID: pdnews]

An example is BASF's Shanghai Pudong Innovation Park, which has grown from a joint venture to BASF's Greater China headquarters and a major R&D hub in Asia.

Biopharmaceutical firm AbbVie has been operating in China for over 13 years. With the support of a local R&D team of over 300 people, AbbVie plans to facilitate the approval of more than 40 new products or new indications in China by 2030. It has signed collaboration agreements worth nearly $10 billion with local innovative companies.

AbbVie is a research-driven company that aims to make a remarkable impact on people's lives through innovative medicines and solutions. [Photo/WeChat ID: pdnews]

The presence of multinational headquarters in Pudong extends beyond economic benefits, fostering industrial collaboration and attracting international talent. These headquarters offer high-end roles in R&D and global supply chain management, drawing skilled professionals worldwide.

Looking ahead, Pudong aims not only to attract but also to retain and expand these headquarters. Its unique advantages, such as a strong financial ecosystem and continuous policy innovation, position Pudong as a gateway to China and a hub for Asia-Pacific operations, setting the stage for continued growth and global integration.