On 27th May, the “Invest Shanghai – Global Roadshow” series of events (Japan Stops) was successfully held in Tokyo, Japan. The purpose of the event is to grasp the brand new investment opportunities inspired by the 2024 Shanghai Global Investment Promotion Conference, share the charm and vitality of the city of Shanghai with the international market, and further link global resources to help Shanghai build a new industrial high ground.
Zhang Ying, Director of Shanghai Municipal Commission of Economy and Informatisation, Shen Yu, Minister Representative of Economic and Commercial Office of the Chinese Embassy in Japan, and Hiroya Hyuga, Representative of Japan External Trade Organisation (JETRO), attended and delivered speeches, and Yang Jing, Chief Financial Officer of Lingang Group, attended. Nearly 300 representatives from Sony Corporation, Panasonic Corporation, Toyota Motor Corporation, Fuji Investment, JSR, SECOM, Sumitomo Mitsui, Mizuho Japan and other enterprises attended the meeting.
As the vanguard of reform and opening up, opening up is Shanghai’s biggest advantage. All along, Shanghai has been providing a stage for countless dreamers and industrialists to start their business with the city spirit of accommodating all rivers in the sea. Shanghai is one of the most favoured investment preferred by foreign investors, and also one of the preferred places for multinational corporations’ global supply chain and industrial chain layout. According to statistics, more than 6,600 Japanese enterprises are rooted in Shanghai, the number of which ranks first in the country.
Many excellent Japanese enterprises have found a leaping development path in Shanghai. For example, Fanuc invested 1.5 billion yuan in Shanghai to build the largest robotics base outside of Japan, creating a ‘super intelligent factory’ integrating R&D, manufacturing, display and sales, with an annual output value estimated to reach 10 billion yuan.MUJI entered the Chinese market in 2005 and set up its Shanghai headquarters in Jing’an District. After MUJI entered the Chinese market in 2005 and set up its Shanghai headquarters in Jing’an District, the scale of its stores has grown from one in Shanghai to more than 360 shops in more than 60 cities across the country. ASICS has been rooted in Changning, Shanghai for nearly 20 years, and with the help of the first-class business environment, the Chinese market has become the fourth largest market in the world for ASICS, except for Europe, North America, and Japan. Photoresist manufacturer JSR registered and established a subsidiary in August 2022 in Lingang New Area, which will serve as JSR’s electronic materials business centre in China and assume the function of JSR’s semiconductor sales business to meet the needs of Chinese customers.
At present, Shanghai is deepening the layout of 14 key industrial chain 32 sub-tracks, accelerate the construction of modern industrial system, and vigorously promote the new industrialisation, which contains a wide range of market space and development opportunities, and welcome Japanese enterprises to increase their investment layout in Shanghai, and to achieve greater development in win-win cooperation.
Minister Delegate of the Economic and Commercial Office of the Chinese Embassy in Japan, Shen Yu, mentioned that he hopes Shanghai and Japan will deepen exchanges between enterprises, universities and scientific research institutes, and strengthen innovative cooperation in the fields of digital economy, green and low-carbon, medical care and healthcare, so as to realise greater development in a wider range of fields and at a deeper level.
The Japan External Trade Organisation (JETRO) is a Japanese government agency that links Japan and the world economy, and JETRO representative Yukiya Hyuga said he would play an active role in promoting investment and trade exchanges between Chinese and Japanese companies.
Shanghai and Tokyo are the economic centre cities of China and Japan, and the development of automobile, electronics, high-end equipment and other industries are at the international leading level, bringing together a large number of innovative talents and resources. Strengthening cross-border cooperation and exchanges between enterprises of the two places will help create an industrial layout with complementary advantages and good ecology.
Li Jia, Director of Industrial Investment Department of Shanghai Municipal Economy and Information Technology Commission, made a presentation on ‘Invest Shanghai’ key industry chain opportunities.
Li Jia, Director of Industrial Investment Department of Shanghai Municipal Commission of Economy and Information Technology, made a presentation on ‘Invest in Shanghai’ key industrial chain opportunities. Combined with the important direction of Shanghai to cultivate new quality productivity, and the key development of industrial fields in Tokyo, Japan, the meeting particularly introduced six key industrial chain segments in Shanghai, large models, humanoid robots, meta-universe, bio-manufacturing, new materials, hydrogen energy investment opportunities, unlimited prospects for development, and a broad space for co-operation.
Taking hydrogen energy as an example, Shanghai is an international first-class hydrogen energy industry innovation and demonstration application highland, is accelerating the construction of the whole industry chain system of hydrogen production, hydrogen storage, hydrogen refilling, hydrogen system, and promote the accelerated landing of hydrogen energy in the field of transportation, industry, energy application scenarios, industrial innovation capability of the domestic leading, and promote the industry scale exceeded 100 billion yuan. 2022, the Tokyo Metropolitan Government formulated the ‘Tokyo In 2022, the Tokyo Metropolitan Government formulated the ‘Tokyo Hydrogen Vision’, which mentions that by 2050, Tokyo will fully use green hydrogen. The high-quality development of hydrogen energy industry can not be separated from international cooperation. Through this event, we will further link the resources between Shanghai and Tokyo, Japan, and promote the two-way flow of information, talent and capital, which will bring more opportunities to deepen the cooperation in industry, technology, standards and other aspects, and to achieve mutual benefit and win-win situation.
Jing’an District, Changning District, Lingang New Area is an important open window of Shanghai’s economy and an urban area with strong comprehensive economic strength and distinctive international characteristics. At the meeting, the relevant responsible comrades made a regional theme promotion, introducing the advantageous industries, business environment and development planning in the region.
Lingang New Area is a major national strategy personally planned, deployed and promoted by General Secretary Xi Jinping, the forefront of China’s opening up, and a hot spot for Lingang Group to take root and build.
Lu Chun, Director of Industrial Investment Promotion Centre of Lingang Group, made a regional thematic presentation.
Lu Chun, director of Lingang Group Industrial Investment Promotion Centre, introduced that the new area of Lingang has absorbed JSR, YKK, Mitsui and other leading Japanese enterprises, etc. In 2020, the Sino-Japanese (Shanghai) Local Development Cooperation Demonstration Zone was set up in Lingang, focusing on the layout of the core components of the hydrogen fuel cell research and development, production, testing, and the eight core components of the fuel cell have been prepared. During the same period, ‘China-Japan Hydrogen Energy Industry Alliance’ was established, which unites the government, industry, academia and research resources of China and Japan to create an accurate and effective docking platform for cooperation. Focusing on Shanghai’s key industrial layout, Lingang New Area is building the Oriental Core Port, Large Aircraft Park, Information Flying Fish, International Hydrogen Valley, Yuanchuang Future and other cutting-edge technology clusters to cultivate high-quality industries, gather high-quality talents, form a high-energy ecosystem, and cultivate world-class industrial clusters.
You Yan, Director of Investment Promotion Office of Changning District, made a regional thematic presentation.
According to You Yan, Director of Changning Investment Promotion Office, Changning is the only central city in Shanghai within the radiation of Hongqiao International Open Hub, with more than ten flights a day between Shanghai Hongqiao International Airport and Tokyo Haneda International Airport. It is because of the unique geographical location, the Consulate General of Japan in Shanghai is located in Changning, and nearly 10,000 Japanese nationals live and work in Changning. According to statistics, nearly 6,500 foreign enterprises have gathered in Changning, with 86 regional headquarters of multinational corporations, of which nearly 40% are Japanese-funded. ‘Digital Changning’ is the core colour of Changning’s industrial development, and the digital economy has become the largest industry and the strongest engine in Changning. At the same time, Changning is constantly improving the ‘3+3’ key industry layout, aviation service industry, ‘Internet + living service industry’, fashion and creative industries, such as outstanding advantages, artificial intelligence, life and health, financial services and other emerging industries continue to grow, green and low-carbon, Green low-carbon, intelligent terminals, digital trade and other new tracks are flourishing.
Li Jun, the II Level researcher of Jing’an District Investment Promotion Office, made a regional thematic promotion.
Jing’an’s three ‘golden cards’ are headquarters economy, building economy, foreign-related economy. Jing’an District Investment Promotion Office of the second level researcher Li Jun mentioned that the region’s multinational regional headquarters of more than 120; the proportion of foreign-funded economy for many years up to 55%, the scale of the foreign-related economy for many years to maintain the first central urban areas; developed building economy, the region’s super A-grade office volume for the city’s business district’s largest, of which 88 billion yuan of the building. Jing’an focuses on six industries, namely, business services, financial services, professional services, data intelligence, culture and creativity, and life and health, and endeavours to create an industrial ecology with a high degree of openness and strong innovation and vitality. It is worth mentioning that Jing’an has gathered more than 1,700 data intelligence-related enterprises, and the number of core big data enterprises accounts for more than one-third of the city of Shanghai, with a large number of innovative leading enterprises and ‘invisible champions’ in niche fields emerging, tamping the foundation and erecting pillars and beams for the smart city and smart life.
Sharing of “Investing in Shanghai” experience by Masataka Johnimura, Chairman of FUJI (CHINA) INVESTMENT CO.
Mr Masataka Johnomura, President of FUJI (China) Investment Co., Ltd. shared his experience and feelings about ‘Investing in Shanghai’. FUJI entered the Chinese market in 1985 and established its regional headquarters in Changning District, Shanghai in 2015. Relying on Shanghai’s advantages in information, capital and talent, as well as its open and transparent business environment, FUJI has been able to grow its business scale in China and significantly improve its sales and R&D capabilities. He particularly mentioned that Shanghai is a fair, legal and highly market-oriented international metropolis with a high degree of acceptance of new things, making it the first choice for foreign companies to enter the Chinese market. In the future, FUJI will continue to be rooted in Shanghai, and utilise its advantageous resources to develop more new products and new channels.
At the meeting, Jing’an District, Changning District and Lingang Group signed contracts with key projects such as Arabica Coffee, Asahi Breweries, Sumitomo Heavy Industries, Sun Electric Wire Technology, MKN Corporation, and Sumitomo Mitsui Marine Fire Insurance to further strengthen the layout of Japanese enterprises in Shanghai.
The city’s investment promotion service centre signed a strategic cooperation agreement with the Japan-China Economic and Trade Centre and the Japan Investment Promotion Agency, in which the three parties will give full play to their respective advantageous resources to further smooth the channels of economic and trade exchanges between enterprises of the two places, and provide precise, considerate and high-quality services for enterprise investment.
After the meeting, the Shanghai delegation met and exchanged views with Toyota Motor, Sony Group and other enterprises to understand the latest development of enterprises and their intention to invest in Shanghai, creating a good opportunity for further deepening cooperation.
Industrial Investment Division, Intelligent Manufacturing Promotion Division, Software and Information Service Division of Municipal Economy and Information Technology Commission, Municipal Investment Promotion Centre, Investment Promotion Office of Jing’an District, Investment Promotion Office of Changning District, and relevant responsible comrades of Lingang Group attended the meeting.
Editor | 陈思婕
FROM 投资上海