Shanghai is set to improve its business environment and attract more foreign investors by taking advantage of the opportunities provided by the Second China International Import Expo (CIIE), according to information released at a press conference on Tuesday. 

Launched in 2018, the CIIE is the world's first import-themed national-level exhibition. Last year's event in the city ended with intended deals worth more than $57.8 billion. 

The second CIIE will take place Nov. 5-10, with more than 3,000 companies from over 150 countries and regions expected to attend. 

During the press conference, Yang Chao, deputy director of the Shanghai Municipal Commission of Commerce, announced an event to be held on Nov. 6 that will introduce Shanghai to foreign investors. 

A service platform dedicated to foreign investors will be launched, and an industrial investment map will be released to help them become familiar with the city's business environment. 

The event will also provide space for Chinese enterprises to discuss cooperative opportunities with foreign counterparts. 

Shanghai has seen a robust development of foreign investment. In the first nine months of this year, 5,192 new projects were launched, a 40.2% year-on-year gain. The contract value of foreign investment was $36.6 billion, of which $14.6 billion had already been used, year-on-year increases of 8.9% and 13% respectively. 

By the end of September 2019, a total of 705 multinational companies had set their regional headquarters in the city.

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