Xuhui District
Xuhui district, with a total area of 54.93 square kilometers, is a place where Eastern and Western cultures meet. The district is abundant in all types of resources, particularly with plentiful international education and healthcare facilities. It has hosted four consecutive sessions of World Artificial Intelligence Conference (WAIC) and is home to over 10 universities like Shanghai Jiao Tong University, over 150 high-level scientific research institutions including Shanghai Qi Zhi Institute and one-fourth of Class III Grade A hospitals in Shanghai. A total of 108 academicians of the Chinese Academy of Sciences and the Chinese Academy of Engineering as well as one-fourth of national science and technology awards winners in Shanghai are living or working here.
During the 14th Five-Year Plan (2021-25) period, Xuhui is committed to upgrading towards an innovation-driven urban district, a highland of industries, a hub of excellence and openness, and a model of cultural development and urban governance.
Investment Highlights
Digital economy
Life science and healthcare
Cultural innovation
Modern finance
Business-supporting Facilities
Xujiahui International CBD
Key Buildings: Shanghai International Trade City (ITC), Grand Gateway Shanghai, Urban Development International Tower, Metro Tower, Xujiahui International Building
Hengshan Road–Fuxing Road Historical Preservation Area
Key Buildings: IAPM, Huaihai International Plaza, Century Business Plaza, K.Wah Center
Xuhui West Bund–International Charming Water Front
Key Buildings: West Bund AI Tower, West Bund Creative Warehouse, West Bund Financial City, International Media Port, Lumina Shanghai, Poly West Bund Center, CES West Bund Center, Shanghai Greenland Center, Greenland West Bund International Center
Caohejing Hi-tech Park
Major Industries: Electronic information, new materials, highend equipment, biopharmaceuticals, renewable energy, automotive R&D, modern services
Major Area: West Bund
Overview
West Bund, with a planned area of 7.31 square kilometers, has achieved further development based on the "One Port, One Valley, One City, One Warehouse and One Bay" layout, with "AA" (Art & AI) as leading forces.
Features and Advantages
Spaces enriching industries: Promoting the development of industry clusters of science and technology, culture, finance, and life science and healthcare leveraging arenas such as Media Port and AI Valley
Technology empowering development: Achieving wide application of AI in transportation, education, healthcare and other areas backed by scientific research institutions such as Shanghai Artificial Intelligence Innovation Center and the Global University Artificial Intelligence Academic Alliance
Policy Support
Headquarters Economy
Newly introduced or newly certified MNC regional headquarters are entitled to a subsidy for establishment, capped at 5 million yuan ($697,730).
Sci-Tech Innovation
Newly introduced or newly certified national-level, municipal-level or district-level corporate technical centers are entitled to a one-off reward, capped at 1 million yuan.
Talent Development
Convenient medical services and assistance for children education are available for executives of headquarters-type institutions.
Stronger and Better Service Economy
Enterprises in key areas such as professional services and whose revenue has reached a certain scale are eligible for a one-off reward, capped at 2 million yuan.
Sources: Shanghai Foreign Investment Guide 2022 and 2023
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FAQs
- Q&A on Shanghai's market access policies
- Our company needs to import a significant amount of equipment and raw materials for a new R&D project. Can Customs guide us on eligible tax relief policies?
- Our company imports items like shock absorbers, optical lenses, and wafer libraries. These items are packed with vacuum aluminum foil inside wooden packaging to meet cleanliness standards for lithography machine manufacturing. Given the risk of contamination if the vacuum packaging is compromised outside a clean room, we are keen on implementing a controlled inspection mode for these high-tech goods. Could you please outline the conditions for applying this inspection mode?
- Our company has recently imported a shipment of precision equipment, and due to the use of wooden packaging, we are concerned about the need for inspections at both the port Customs and the local Customs, which increases the risk of equipment damage. Can a one-stop inspection be conducted?