Shanghai municipal government held the signing ceremony of Shanghai foreign investment projects on September 16, 2019. 42 projects had been signed with a total investment of about $ 7.7 billion. Among them, there are 25 new projects and 17 projects to increase capital. On the industrial point, there are 20 manufacturing projects with a total investment of about $ 2.4 billion. Seperately there are 22 service projects with a total investment of about $ 5.3 billion. In all investment projects, there are 15 ones with more than $ 100 million investment, which cover intelligent manufacturing, bio-medicine, chemical industry, integrated circuits, new energy, new materials, trade, finance and other fields . Shanghai Nuo Di Law Firm believes that this fully shows that the use of foreign capital in Shanghai develops into a higher level, a wider area and a deeper level.

In fact, persisting in opening to the outside world is a long-term basic national policy of China, and it is also the biggest advantage of Shanghai. Shanghai has always welcomed all kinds of enterprises to invest here. From January to August of this year, the amount of newly invested projects, contracted foreign investment and realized foreign investment in Shanghai continued to grow rapidly, up by 47.8%, 9.6% and 13.4% respectively. A total of 31 regional headquarters of multinational companies were newly built including 18 Asia-pacific and 10 R&D Center headquarters. At the end of August month, Shanghai has exceeded the US $ 500 billion foreign capital absorbing and accumulated over US $ 250 billion of foreign capital. Shanghai has introduced 701 regional headquarters of multinational companies, including 106 regional headquarters and 451 R&D centers, further consolidating the city status with the largest number of regional headquarters.

Shanghai Nuo Di Law Firm believes that Shanghai will take the full implementation of the foreign investment law as an opportunity to create a bigger stage, create a better environment and provide better services for all kinds of enterprises, including foreign-funded enterprises, and promote the project to take root and bear fruit as soon as possible.