Shanghai’s Huangpu District is working to attract global investors to the new Central Science and Innovation Zone along the Huangpu River by partnering with leading companies and organizations. As part of its efforts, the district recently launched an investment promotion campaign, highlighting its history of showcasing urban governance innovations and its current focus on developing a vibrant ecosystem of science and innovation companies.
Huangpu District has been strategically building a robust science and innovation industry system, with a particular emphasis on digital technology and health sciences. In 2023, the district achieved a GDP of 315.7 billion yuan (US$43.6 billion), representing a growth of 5.9 percent. This growth made Huangpu District second in the city, surpassing other central districts. The financial sector played a significant role in this success, contributing 135.8 billion yuan in value-added, which accounted for 43 percent of the district’s total added value.
Moving forward, Huangpu District plans to continue hosting high-level financial events like the Bund Summit to drive growth in financial technology and asset management while also enhancing its global influence. The district is also working towards becoming a world-class trading hub by upgrading popular shopping destinations such as the Nanjing Road Pedestrian Mall, Huaihai Road M., and Yuyuan Garden Malls. These areas are being transformed into premier destinations for commerce and tourism, with the goal of further boosting the district’s economic development.
Overall, Huangpu District is focused on creating an environment that fosters innovation while providing opportunities for businesses to thrive in China’s most dynamic city.
