The Huangpu district government of Shanghai has introduced a series of policies to encourage multinational corporations to set up regional headquarters in the district. This section outlines the prestige reward available under these policies.

1. Who is eligible?

The prestige reward is available to the following entities, provided they have been recognized by the Shanghai Municipal Commission of Commerce and are established in Huangpu district:

- Regional headquarters of multinational companies for Asia, the Asia-Pacific region or a broader area

- Business unit headquarters of multinational companies for Asia, the Asia-Pacific region or a broader area

Applying enterprises must meet the following criteria:

(1) The company must be legally established in the district/city and have been in continuous and normal operation for at least one year.

(2) The company must contribute to certain economic and social benefits. (Municipal requirement)

(3) The company must have good financial and tax credit standing, with a sound financial management system. It must not be blacklisted for dishonest practices by authorities at national, provincial, or municipal levels, and there should be no records of serious credit violations within the past three years on the Shanghai Public Credit Information Service Platform.

(4) Companies penalized for significant production safety incidents within the two years prior to the application are not eligible to apply. (District requirement)

(5) The company must submit the required information reports for foreign-invested enterprises in accordance with regulations.

(6) The same project or matter cannot be used to apply for government financial support multiple times.

(7) The applicant is responsible for the truthfulness, accuracy, and completeness of the application materials.

Note: Unless specified, the requirements apply to both municipal and district-level rewards.

2. What is the amount of funding?

A one-time prestige reward of 3 million yuan is provided.

3. How is the money disbursed?

The reward is paid out as a single lump sum.

4. What are the specific requirements?

To qualify for the reward, companies must meet the following criteria:

- Have a paid-in registered capital of at least $2 million.

- Employ a minimum of 50 people.

- The head of the headquarters and the key senior management personnel responsible for headquarters functions, who are appointed by the parent company, must be regularly stationed in Shanghai.

5. How is the cost of funding shared?

The cost of the reward is shared between municipal and district finances, with 40 percent covered by the municipality and 60 percent by Huangpu district.

Regulatory basis

(1) Measures for Managing the Fund Dedicated to the Development of Regional Headquarters for Multinational Corporations in Shanghai (Effective from Feb 1, 2024 to Jan 31, 2029)

(2) Implementation Rules for the Fund Dedicated to the Development of Regional Headquarters for Multinational Companies in Huangpu District (Effective from May 10, 2024 to May 9, 2029)

Sources: shanghai.gov.cn, shhuangpu.gov.cn

Note: The English version is for reference only; the official Chinese document shall prevail.