Pudong accelerates development of headquarters economy
Pudong New Area in Shanghai recently witnessed a significant boost to its headquarters economy, with the addition of 12 new regional headquarters of multinational corporates (MNCs) and three foreign-funded research and development centers.
Among the Pudong-based recipients, Paul Hartmann AG (Shanghai) Trade Co Ltd, a subsidiary of the globally renowned German medical and health enterprise Hartmann Group, celebrated its recognition as a regional headquarters.
This milestone is poised to help the company make better use of Shanghai's talent pool, technological innovation capabilities, and openness to further expand its market reach, said Liu Xuan, general manager of Paul Hartmann Shanghai.
The new batch also features high-caliber enterprises like Azelis (Shanghai) China Co Ltd, the Greater China headquarters of the globally leading specialty chemicals and food ingredients distributor Azelis.
With paid-in foreign direct investment in Pudong reaching $3.14 billion in the first five months of this year, up 32.3 percent year-on-year, the headquarters economy has become a hallmark of Pudong's economic landscape.
To date, Pudong is home to 488 certified MNC headquarters and 287 foreign-funded R&D centers.