Shanghai home to 831 regional multinational headquarters

0 Comment(s)Print E-mail Xinhua, January 24, 2022
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The view of the Lujiazui area in Shanghai. [Photo/Xinhua]

Shanghai recorded 60 new regional headquarters of multinationals in 2021, bringing the total number of such regional headquarters to 831, said Gong Zheng, the mayor of Shanghai, at a press conference Sunday.

The number of foreign-invested research centers in Shanghai reached 506, with a rise of 25 in 2021. "The city remains a hot destination for foreign investment to expand their industrial chains and beef up innovation," said Gong.

Statistics showed the actual use of foreign capital in Shanghai reached $22.55 billion last year, up 11.5% year on year, a record high despite COVID-19.

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