Some time ago, Shanghai's New Year's greeting revealed:

The city's gross domestic product in 2024, is expected to step up to 5 trillion.

This means that the first 5 trillion city in China has come.

This year, Shanghai's rapid investment "opening", carved an early:

Promotions from the districts penetrated the streets. Even, some districts have even written investment KPIs.

In 2023, Shanghai changed its route and traveled to central and western cities to attract investment.

This year is also different, directly into the strong second-tier cities.

There was a lot of talk.

01 Merchants work action frequently

Shanghai as investment "superior students", any movement of attention.

If you've been paying attention to the Invest in Shanghai Guide, you'll notice one detail:

-it's available in eight languages.

This is quite in line with the "Invest in Shanghai - National" and "Invest in Shanghai - Global" campaigns.

Also, the first batch of "Investment Promotion Service Specialists" in Shanghai have been formally licensed.

This is the first time in the country that investment promotion personnel have been licensed to work in the city, and it is a precedent.

We have seen that many local investment conferences have long been held.

In the past month, Fengxian, Xuhui, Hongkou, Lingang, Qingpu, Jinshan and other regions are busy.

The streets, too, are no exception.

Not only to carry out investment-related meetings, directly out of the "door" to visit the research enterprise ......

Lao Ximen Street, the Bund Street, respectively, went to Kunshan, Wuxi, to carry out investment promotion docking and visit enterprises.

For Qingpu District, a breath of investment KPIs are set, listed the top ten tasks:

From the number of enterprises settled throughout the year, more than 5 billion yuan of investment projects to the introduction of foreign capital, private equity firms, etc., has done a good job throughout the year deployment.

Qingpu has set measurable targets for each of these in its investment promotion efforts.

Such an operation down, other local investment promotion director, are to sit down ......

Thinking back to 2023, Shanghai's 16 regions of foreign investment or inspection visits, each with an investment itinerary.

Shanghai investment action, three words to summarize - initiative, the whole region to spread the net, target investment.

If I remember correctly, in April 2023, Shanghai also released a new investment policy specifically "24", which is the first time from the municipal level.

Not long ago, Shanghai released "on the promotion of the city's investment in high-quality development of a number of measures", known as "Shanghai investment 15".

"Shanghai investment 15" release time, slightly later than the State Council No. 1. Among them, the most concerned:

How to do fund investment? Scene investment how to operate? All elements of investment how to more landing?

Despite the economic volume of 5 trillion Shanghai, is also putting down the stature of the tightly drummed "spread the net".

In summary, in the past few years, Shanghai's investment in the point of the city, not generally more. The same investment efforts, is not generally fierce.

This is the first time that the city of Shanghai has been a major investment city. 0" />

02 sense of urgency second-tier cities

Over the years, Shanghai reverse investment, is always hotly debated around.

At that time, there was a saying that was quite impressive:

"Cities with a GDP of more than 2 trillion dollars are willing to take a look and walk around".

In 2023, Shanghai went directly to Sichuan and Chongqing to hold investment promotion and set up a designated investment service organization in Chengdu.

More than 200 key enterprises participated in the conference, gathered in advanced manufacturing industries such as biomedicine, electronic information and intelligent manufacturing.

The main promotion areas are Baoshan District and Jinshan District in Shanghai, which are the important bearing areas of Shanghai's industry and are promoting industrial transformation.

We note that, from the point of view of the Shanghai investment in Sichuan, the total amount is not large. It is worth mentioning that the enterprises selected by Shanghai are no longer very well developed, but are instead looking for projects with potential.

Not staring at the ready-made high-quality enterprises, but to find their own "potential shares", which is very Shanghai.

This year's investment objectives, there has been a clear shift:

Hefei, has long been in Shanghai's vision, aiming at second-tier cities reverse investment to come.

Why, Shanghai investment targeting Hefei?

First, first of all, the proximity, Shanghai as the Yangtze River Delta "big brother", the importance of two-way complementary resources, industries, structures.

Secondly, Shanghai investment banking thinking, "venture capital" Hefei is the best benchmark, the local government's vision and ability to have higher requirements.

Third, the promotion of new energy vehicles, the third quarter of last year, Hefei new energy vehicle production actually exceeded Shanghai, the cooperation is for the new energy vehicle industry in the Yangtze River Delta.

Mentioning the investment banking mindset, being able to invest, having the money to invest, daring to invest, and being good at investing, not every place can do it.

We exchanged with a fund company boss, which talked about:

"Than the success of the project and then invested, invest in the early, small, hard science and technology, in fact, instead of more money, but everyone is not willing to do, the mainstream of the market are investing in the late stage."

There are many reasons behind this, including the pursuit of short-term gains, an aversion to risk, and a lack of team judgment.

For example, Hefei invested well, continuously invested in the right Azure, BOE and other leading projects, to obtain a generous return. If the investment is not good, some places invested billions of dollars, high hopes for the car project but fell three in a row.

Has always been rich in innovation resources in Shanghai, for emerging industries, research insight and industrial trends to grasp and foresight, targeting companies that really have high growth, is also prepared.

For investment, the Shanghai government can assume the role of "investment banking", is doing some innovative exploration.

In turn, wherever Shanghai is exploring, in order to bring opportunities to enterprises at the same time, why not to the local government to wake up alarm bells?

If, all over the world can not be these advantages, potential enterprises as soon as possible to identify, cultivate up, then the Yangtze River Delta "big brother" will have to take action.

03 Foreign-owned foreign investment outward

Shanghai investment direction, look at the country, go overseas.

Placed on the outside, expanding the scope of the net, subdividing the field of fine fishing.

Worthy of the Yangtze River Delta "big brother", some things either do not do, to do a full set.

Five years ago, there was a "Tesla speed". Last year, there was "Modena speed".

Shanghai's introduction of mRNA giant Modena took just over three months from the signing of the contract to the start of construction.

This "Modena speed" is more than one month less than the "Tesla speed".

Some of those who have traveled overseas to attract investment say that even with the slow recovery of the world economy and the sluggishness of global cross-border investment, the feedback Shanghai has received is still very positive.

As far as Shanghai is concerned, it has been focusing more and more on foreign investment over the years, and will even tilt the balance in favor of wholly foreign-owned enterprises.

Besides Tesla, Japan's Toyota comes to mind.

At the moment, the company has already proposed to build a plant in Shanghai to produce the premium brand "Lexus". This model will be 100% electrified by 2035.

Today, Shanghai Mayor Gong Zheng gave a report on the work of the government.

The report shows that 60 new regional headquarters of multinational corporations and 30 foreign-funded R&D centers will be recognized in Shanghai in 2024, with a cumulative total of 1,016 and 591, respectively.

Behind the increase in the proportion of wholly foreign-owned enterprises is the embodiment of the expanding pace of opening up to the outside world.

At the beginning of last year, the restriction on the proportion of foreign shares in banking and insurance institutions was lifted, realizing the complete elimination of restrictive measures in the Negative List of Foreign Investment Entry for the financial sector.

In September of the same year, restrictions on foreign investment in the manufacturing sector were zeroed out, and in November, the pilot program for wholly-owned hospitals was expanded, an important step on the road to opening up the medical sector.

In fact, Shanghai's "international" character is more in the daily work and strategic decision-making and many other matters, in a silent way quietly.

For example, Shanghai's Minhang District has its first "investment parlor" overseas.

Has been relying on the existing investment global partner network basis, with the help of investment strategic partners in the global layout of the platform and resource advantages, in Frankfurt, Germany, the pilot establishment of Minhang District, the first overseas investment meeting room.

Last September, a Shanghai municipal party committee level meeting worth attention.

In its debut, it took "international" and "science and innovation" as its core topics, emphasizing Shanghai's core mission of building an international science and technology innovation center.

Three days later, the Ministry of Science and Technology and the Shanghai Municipality held an on-site meeting to promote the construction of Shanghai's international science and technology innovation center, with a view to forming a joint effort between the ministry and the city.

Whether internally or externally, a government that does something must also have a "do nothing" side.

Without doing anything, and not only from the point of view of reducing the disturbance of a one-sided understanding, but also to provide an environment for the enterprise "do not ask for help," the simple demand, so that the rules, regulations, management and standards really work.

Shanghai optimization of the business environment 7.0 version of the action plan was released, the parties against the previous years of the program also made a summary of the comb.

The most intuitive feeling is: compared with the previous version, slimmed down 58 items.

We believe that this is the embodiment of "user awareness", the provisions of the pursuit of more social and business-oriented, based on the community to see and understand, the enterprise to use.

At present, the Shanghai Municipality, district levels in the process of landing, has been emphasizing the differentiation of action will bring "temperature difference".

To take a simple example, the change of foreign legal representatives, some regions require legal representatives to bring their passports and other materials to the scene, some regions do not require.

This is the action of differentiation, it will give foreign investors actually handle the business to bring trouble. Especially foreign businessmen, Shanghai is doing to make enterprises feel the landing standard consistent business environment, to avoid a variety of rules differences bring additional business costs.

Shanghai wants a win-win situation, there must be global thinking, can do is the big picture in economic development.