Oct 10 – Shanghai Party Secretary Chen Jining met separately with Rob Speyer, chairman of the International Business Leaders' Advisory Council for the Mayor of Shanghai and CEO of US real estate company Tishman Speyer; Manuel Lino Silva de Sousa Oliveira, chairman of the board of directors of Brazilian mining company Vale S.A.; and Roland Busch, chairman, president and CEO of Siemens AG. They were in Shanghai attending the 38th annual meeting of the IBLAC.

Chen encouraged the companies to seize development opportunities, expand their investment and business presence in Shanghai, and introduce more new businesses, technologies, and projects to the city.

He encouraged Tishman Speyer to leverage its expertise and contribute to Shanghai's urban renewal efforts, improve commercial operation models in business districts, and help drive regional industrial upgrading and functional transformation.

Chen encouraged Vale to make full use of Shanghai's multi-tiered bulk commodity market and deepen cooperation in green shipping and the research, development, and application of new technologies, contributing to the industry's green and low-carbon transition.

He also welcomed Siemens to work with partners to advance the digital and intelligent transformation of industry, while expanding its presence in the medical device sector.

Chen said he hoped international business leaders would use IBLAC as a platform for exchange and offer global perspectives and strategic foresight to support Shanghai's modernization drive and high-quality development.

Speyer said Tishman Speyer will continue to deepen its presence in Shanghai, participate in urban renewal efforts, and innovate its commercial formats to help stimulate consumption.

Oliveira described Shanghai as a core hub for Vale's development in China and said the company will expand cooperation with the city in commodity trading and green shipping.

Busch said Siemens looks forward to deepening practical cooperation with Shanghai in areas such as the integration of AI and manufacturing, better participating in fostering the industrial ecosystem and serving the intelligent manufacturing sector, and jointly advancing digital and intelligent transformation.

Oct 10 – Shanghai Mayor Zhu Zhongming met separately with Jean-Pascal Tricoire, chairman of Schneider Electric; Giovanni Caforio, chairman of the board of directors of Novartis AG; Soopakij Chearavanont, chairman of Chia Tai Group; and Gary Guthart, executive chair of the board of directors of Intuitive Surgical. They were also in Shanghai attending the 38th meeting of the IBLAC.

Zhu said the annual advisory meeting gives Shanghai a valuable opportunity to draw on global expertise and experience. He invited international business leaders to contribute more insights to the city's modernization.

Zhu encouraged international companies to increase their investment in Shanghai, support the city's industrial transformation and upgrading, and engage more deeply in areas such as green and low-carbon development, urban construction, and biomedicine.

He also welcomed the companies to continue participating in the China International Import Expo and bring more new products, technologies, and services to China and Shanghai.

Tricoire, Caforio, Chearavanont, and Guthart said IBLAC provides an important platform for global dialogue and cooperation. They expressed their commitment to continue increasing investment, deepen cooperation, and further integrate into Shanghai's innovation ecosystem, bringing more frontier technologies and high-caliber professionals to the city.