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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
SHANGHAI, November 13 (Xinhua) — As of September 2025, Shanghai, China's financial hub and a magnet for foreign investment, had 1,060 regional headquarters of multinational corporations and 631 foreign-funded research and development (R&D) centers, according to the latest data from the city's Commerce Commission, released at a departmental briefing on Wednesday.
According to Zhu Min, head of the committee, the functional capabilities of these regional headquarters, including investment decision-making, R&D innovation, financial management, procurement, sales, and supply chain management, are constantly expanding.
According to Zhu Min, the headquarters form a well-developed network for global resource distribution and play an important role in strengthening Shanghai's urban potential and international influence.
He added that more than half of Shanghai's foreign-invested R&D centers focus on key industrial chains in sectors such as biomedicine, information technology, and automobile components, facilitating the pooling of global scientific and technological resources and promoting scientific, technological, and industrial development.
In the first nine months of this year, 4,764 new foreign-invested enterprises were established in Shanghai, a 5.5 percent increase year-on-year. To date, the metropolis has attracted over $370 billion in total foreign investment and is home to approximately 80,000 foreign-owned companies.
According to the committee's statistics, foreign companies account for approximately a quarter of Shanghai's gross regional product and a third of its tax revenue.
Zhu Min emphasized that Shanghai will continue to promote high-level opening-up and build an internationalized business environment that adheres to market principles and the rule of law.
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