Songjiang district is located in the southwest of Shanghai with a total area of 604 square kilometers. As the cradle for the G60 S&T Innovation Valley of Yangtze River Delta, it is home to a national economic and technological development zone, a national comprehensive bonded zone, Sheshan National Tourist Resort and the largest university town in China.

During the 14th Five-Year Plan (2021-25) period, the district will accelerate the construction of the G60 S&T Innovation Valley, the Songjiang New Town and the Songjiang Hub, and build itself into a high-quality, modernized area revolving around “innovation, culture and ecology” that people yearn for.

Investment Highlights

  "6+X" Strategic Emerging Industries:

AI

ICs

New energy

New materials

Biopharmaceuticals

Intelligent security

Business-supporting Facilities

  G60 International Electronic Information Innovation Park

Key Industries: Electronic Information, bonded logistics, trade headquarters

  G60 Biopharmaceutical Industry Base

Key Industries: Biopharmaceuticals, intelligent manufacturing, new materials

  G60 Brain Intelligence Technology Innovation Base

Key Industries: Neuroscience, AI

  Lingang Songjiang Science and Technology City

Key Industries: R&D and design, industrial internet

Policy Support

  Advanced Manufacturing

Newly introduced key advanced manufacturing enterprises that rent production and office buildings for their own use in Songjiang are eligible for a rental subsidy of up to 5 million yuan ($702,410), and an estate purchase allowance of up to 10 million yuan.

  Foreign Investment Promotion

Newly-introduced foreign investment projects and those that expand investment capital are eligible for a subsidy of 3 percent of the paid-in capital, capped at 5 million yuan.

  Headquarters Economy

A subsidy for establishment of up to 10 million yuan will be given to newly introduced regional headquarters or other types of headquarters, R&D and design centers, settlement centers and operation centers of MNCs and domestic companies.

  Financial Policies

A reward of up to 5 million yuan will be given to enterprises that are publicly issued and listed on the Shanghai, Shenzhen and Hong Kong stock exchanges.

  Talent Policies

Incentive policies for attracting talent- Housing availability project for qualified professionals consisting of dedicated apartments, and house renting and purchasing subsidies.

Scan the QR code to visit the official website of Songjiang district.

Sources: Shanghai Foreign Investment Guide 2022 and 2023, Shanghai Municipal Commission of Economy and Informatization