The Walt Disney Co., Kraft Food Inc., and Novartis International AG including 24 multinational companies that decide to move their regional headquarters to Shanghai, China. Multinational companies, including six of them entered the Fortune Global 500 list of the world, get a certificate to move their regional headquarters to Shanghai.
Currently the total number of multinational companies headquartered in Shanghai, 795, including a regional research and development center. These conditions make the status of Shanghai as a major destination for multinational corporate headquarters.
"Growth of foreign firms is a recognition of the conducive investment climate for foreign investors in Shanghai," said Sha Hailin, Chairman of Trade Commission of Shanghai.
"This is a special moment when the World Expo held in Shanghai. This exhibition is more and more foreign people aware of the potential of Shanghai, "he continued.
During the global economic decline, foreign investment in Shanghai increased 4.5 percent compared with a year earlier (2009), which reached a record 10.5 billion U.S. dollars.
In the first six months of this year, foreign investment in Shanghai reached 5.4 billion U.S. dollars, according to the Trade Commission of Shanghai.
Accumulated foreign investment in Shanghai from carrying up to 110.7 billion U.S. dollars. This figure makes Shanghai the third city in China foreign investment-friendly, after Guangdong Province (230 billion U.S. dollars) and Jiangsu Province (200 billion U.S. dollars).
"Growth of foreign firms is a recognition of the conducive investment climate for foreign investors in Shanghai," said Sha Hailin, Chairman of Trade Commission of Shanghai.
"This is a special moment when the World Expo held in Shanghai. This exhibition is more and more foreign people aware of the potential of Shanghai, "he continued.
During the global economic decline, foreign investment in Shanghai increased 4.5 percent compared with a year earlier (2009), which reached a record 10.5 billion U.S. dollars.
In the first six months of this year, foreign investment in Shanghai reached 5.4 billion U.S. dollars, according to the Trade Commission of Shanghai.
Accumulated foreign investment in Shanghai from carrying up to 110.7 billion U.S. dollars. This figure makes Shanghai the third city in China foreign investment-friendly, after Guangdong Province (230 billion U.S. dollars) and Jiangsu Province (200 billion U.S. dollars).
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