Currently, about 300 Japanese companies have a presence in Xuhui district, a core urban district of Shanghai. — China Daily
TOKYO: The government of Xuhui district in Shanghai has organised an overseas investment promotion seminar in Tokyo, with the aim of fully advancing international cooperation and development between China and Japan in key areas.
The district government signed a memorandum of cooperation with institutions including Sumitomo Mitsui Banking Corp (China) Ltd, Mizuho Bank (China) Ltd and Itochu Corp at the seminar.
Currently, about 300 Japanese companies have established themselves in Xuhui district, a core urban district of Shanghai, and they continue to grow and expand.
Xuhui district mayor, Zhong Xiaoyong, welcomed Japanese companies and institutions to invest and develop in Xuhui, thereby promoting further high-quality collaboration.
“At present, Xuhui district is seizing development opportunities on new tracks, with four major strategic industries – digital economy, life and health, culture and creativity, and modern finance.
“Simultaneously, the district is actively pursuing the metaverse, green and low-carbon initiatives, and intelligent terminals to foster the ‘second curve’ of high-quality development,” Zhong said.
To achieve this goal, the district government is committed to creating a top-notch business environment.
“Serving as a national-level demonstration area in intellectual property protection, government services and digital transformation, Xuhui district is comprehensively optimising the business environment and continually streamlining the approval process for high-frequency business-related matters, with 98% of such matters being fully processable online,” Zhong said.
“We are also implementing a more internationalised talent policy, leveraging Xuhui’s advantages in education, healthcare and culture to better meet the needs of talent settlement, aiming to foster a nurturing environment.”
The government of Xuhui district has always attached great importance to the enhancement of the local business environment.
It provides top-notch facilities and one-stop administrative services, including immigration services, to businesses within the district, said Koin Toda, chief representative in China at Tsumura and Co, which engages in the manufacturing and sales of pharmaceutical products.
“We truly appreciate the advanced service philosophy of the Xuhui district government, which is characterised by ‘being proactive without intrusion and responding promptly when needed’.
“The favourable business environment and supportive policies in Xuhui district have fully unleashed the creative vitality of both foreign-funded and private enterprises,” Toda said. — China Daily/ANN
