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Shanghai Hongqiao Economic and Technological Development Zone

Hongqiao Economic and Technological Development Zone/Economic and Technological Development Zone/Shanghai Economic and Technological Development Zone

Update Date:2018-3-19 14:41:19     Source:www.3737580.com     Views:710

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Shanghai Hongqiao Economic and Technological Development Zone is one of the first fourteen economic and technological zones approved by the State Council. After over ten years of development and construction, it has become an emerging business district with characteristics of foreign trade center, which integrates the functions of exhibition, fair, office, business, living, dining and shopping, and has a dedicated area for consulates.


Shanghai Hongqiao Economic and Technological Development Zone - Geographical Location
Shanghai Hongqiao Economic and Technological Zone, located in the western part of downtown Shanghai, begins on West Zhongshan Road in the east and ends up on Gubei Road in the west, with Xianxia Road on its north and Hongqiao Road on its south. It is 6.5 kilometers away from downtown People’s Square and 5.5 kilometers away from Hongqiao International Airport.

 

Shanghai Hongqiao Economic and Technological Development Zone - Construction Planning
Hongqiao Economic and Technological Development Zone covers an area of 0.65 square kilometer, with 31.09-hectare land for buildings, 19.54 hectares of green space, and 14.39-hectare land for roads. It plans to have 300,000 square meters of exhibition space, 300,000 square meters of office buildings, 300,000 square meters of hotels and restaurants, 300,000 square meters of commercial and residential buildings, and 300,000 square meters of areas for supporting facilities and foreign consulates.


Shanghai Hongqiao Economic and Technological Development Zone - Introduction of Foreign Investment
A total of 108 enterprises are approved by government to get registered at Hongqiao Economic and Technological Development Zone, with total investment as recorded in contracts of USD2.725 billion. Among them, 101 are foreign-funded enterprises, with foreign investment as recorded in contracts of USD2.238 billion. Main features: high proportion of foreign investment, diversified nationalities of investors, a large number of multi-national corporations, diversified investment scope.

Shanghai Hongqiao Economic and Technological Development Zone - Land Leasing
In 1988, the right to use No. 26 land lot of 12,900 square meters in Hongqiao Economic and Technological Development Zone for 50 years was successfully sold out at the price of USD28 million. Till now, Hongqiao Economic and Technological Development Zone rented a total of 11 land lots, with a total area of 72,000 square meters. The success in land leasing is a significant breakthrough in Chinese land use system reform, and opens up a new channel to attract foreign investment into domestic infrastructure construction.


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