Gathering in Shanghai, Creating the Future. The 2024 Shanghai Global Investment Promotion Conference was held on March 29, 2024, at the World Salon, conducting an investment attraction presentation to the global community, sharing Shanghai's economic vitality, innovative power, urban charm, and investment potential, inviting domestic and international enterprises to invest and root in Shanghai. Gong Zheng attended and addressed the event.

As China's largest economic center city, Shanghai serves as an important window for the world to observe China and is a hotbed for global development, investment, and business creation.

During his address, Gong Zheng stated that Shanghai, as China's largest economic center city, is an important window for the world to observe China and also a hotbed for global development, investment, and business creation. We adhere to accelerating the construction of "five centers" as our main direction, significantly enhancing the city's energy level and core competitiveness. We commit to high-end, intelligent, green, and integrated development, vigorously fostering new quality production forces. We persist in being guided by major national strategies, deepening high-level reform and opening up. We commit to providing the best supply of services to the citizens, greatly improving and ensuring the well-being of society. We adhere to market-oriented, rule-of-law, and internationalized principles, creating a top-notch business environment. Shanghai is a city of glory, innovation, openness, and dreams. Choosing Shanghai means walking with opportunities, and investing in Shanghai is investing in the future. We warmly welcome everyone to invest in Shanghai to start businesses, achieve careers, and realize dreams.

Deputy Mayor Hua Yuan awarded plaques to Ernst & Young, Alibaba, Bilibili, Forvia, Colliers, National Green Development Fund, GLP, Yihai Kerry, CHINT Group, and the China-Singapore Chamber of Commerce as the 10 global investment attraction collaboration partners for 2024 Shanghai, signifying that these internationally renowned enterprises and institutions will continue to contribute to Shanghai's industry chain investment attraction and the gathering of global high-end quality resources.

Deputy Mayor Chen Jie announced investment opportunities in ten key industry chains including large models, humanoid robots, metaverse, wide bandgap semiconductors, biomanufacturing, large aircraft, large cruise ships, commercial space, new materials, and hydrogen energy.

Wang Xiangming, chairman of China Resources Group, spoke as a representative of the enterprises. Ma Yongsheng, chairman of SINOPEC, attended the event.

The Finance Office of the Municipal Committee, the Municipal Economic and Informationization Commission, the Municipal Planning and Resource Bureau, and the Municipal State-owned Assets Supervision and Administration Commission jointly released the 2024 "Invest in Shanghai" policy package: focusing on three leading industries, establishing a new RMB 100 billion industry fund; introducing measures to reduce costs and increase efficiency in the industrial sector, with an expected reduction of operational costs by RMB 100 billion for industrial enterprises over the next two years; advancing "industrial buildings," creating "intelligent manufacturing spaces" totaling 10 million square meters, to provide carrier space for the development of new quality production forces; and extending a credit line of RMB 2 trillion from banks to support the development of focused industry chains.

At the conference, a batch of focused industry chain projects were signed on-site, including 21 large-scale, high-energy, and strong-drive projects each valued over RMB 100 million in focused industry chains and their segmented tracks. In the first quarter, the city successfully signed and grounded 420 investment attraction projects each valued over RMB 100 million, totaling an investment of RMB 3435 billion.

Relevant municipal departments, districts, focused industry parks, responsible persons, both domestic and foreign enterprises, Shanghai global investment attraction partners, investment institutions, local business associations, consulates in Shanghai, and major educational and research institutions, with over 500 guests in attendance, including nearly a hundred foreign entrepreneurs from more than ten countries.