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Investment Climate
1. The brief introduction
Zhabei is one of the central districts of Shanghai. It neighbors Hongkou District in east, connects Putuo District in west, links Jingan in south and adjoins Baoshan District in the north. Zhabei District locates at the center of Shanghai, in possession of a 4.75-kilometer-long mother river of Shanghai- Suzhou River. Zhabei District covers 29.21 square kilometers, with 810,000 residents.
2. The main advantages
As one of the central districts with long history and the most developed transportation, geographically speaking, Zhabei is the important hub that connects Shanghai with the Yangtze Delta and other provinces of China.
Zhabei has convenient transportation network. Shanghai Railway Station, coach station and the biggest railway cargo transport station in China have formed huge scale of passengers and goods current. South-North Elevated Highway is the central axis of transportation network in Shanghai; subways, elevated highways and bus lines form the communication network radiating in all directions.
Zhabei has harmonious ecological environment. The environment is excellent in Zhabei District. It possesses Daning Lingshi Park, Guangzhong Park, Zhabei Park, which cover 960,000 square meters of city public green land. The largest and the most beautiful park of Puxi- Daning Lingshi Park, has a total area of 650,000 square meters.
Zhabei has rich human resources. The secondary education of Zhabei ranks high in all the districts and counties in Shanghai. Shanghai University, the key universities in Shanghai, is located in Zhabei District. At the meantime, the plentiful education resources provide continuous professional human resources and technical support for the technological and economic development of Zhabei.
3. Industry features
Depending on the modern transportation service trade, Zhabei aims to build new-type industry system containing derivation industry and promotion industry of the modern transportation service trade. It will gather the passenger and goods transport agents, to enhance modern derivation industry containing united ticket selling, city tourism, cargo agent, and logistics distribution and to accelerate the development of modern commercial and trade service, real estate and the urban-oriented industry. In doing so, all the industry in Zhabei will flourish side by side.
4. Development plan
As to the planning layout, Zhabei District will put the Everbright City area, central Daning cultural center and Shanghai multimedia valley as the core region and lay the Suzhou River tourist and entertainment district and the Northern suburb logistic zone as the supporting region, turn the Zhabei District into a modern transportation business district, and will construct and develop the modern urban-oriented industry depending on the Shibei Industrial New Zone.
5. Investment environment
In recent years, the city construction of Zhabei has achieved considerable progress. The construction of municipal infrastructure is developing very fast. The important municipal projects such as the Pearl Line - Metro Line 3, Gonghexin Road elevated road has built up and brought into use. The north extension project of subway No.1 has put into use, and subway M8 is under construction now. The “people- oriented ”environmental greening has made great progress, and the educational, healthy and sports supporting facilities continuously update and improve. At present, Daning Lingshi Park, the largest park in Puxi area, and the green landscape along the Suzhou River, have boost the district green rate to 14.53%, with per capita green area amounting to 2.14 square meters.
As to the functions of commerce and trade, Zhabei is the important area that gathers the core functions of urban cities. Everbright City is one of the eight commerce and trade centers of Shanghai. At present, the construction area of the office buildings in this area has reached 1,800,000 square meters. Depending on the Daning Lingshi Park, the central commercial and cultural center will become the public activity center integrating shopping, sports, culture and entertainment. Zhabei District also possesses the famous Shanghai University, which is abundant in good education resources.
6. Preferential policies
All the enterprises investing in Zhabei relating to industry, commerce, real estate or service industry and paying tax to Zhabei Taxation Bureau, can enjoy the district’s preferential policies, in addition to those of the central government and Shanghai government.
Preferential policies in Zhabei District are demonstrated in economic encouragement and coordinate service.
a. Support to investment introducer (individual, unit or company)
For those who introduce investment projects to Zhabei, the government will award one-off economic bounty according to the type and scale of the projects.
b. Support to foreign invested enterprises and domestic enterprises from other provinces
For the foreign invested enterprises and domestic enterprises from other provinces that contribute to regional development, the government will provide economic support according to how much tax they pay every year.
c. Support to those renting and purchasing offices to set up economic entity
Any domestic and overseas enterprises, renting and purchasing business offices to set up economic entities in the Everbright City, the district government will provide economic support according to the performance of the entity.
d. Support to those projects investing in district’s major functional regions and abide by Zhabei districts industry guidance
Any enterprises investing in district’s major functional regions and abide by Zhabei districts industry guidance can enjoy the governmental encouragement and preferential policy, with each projects separately treated.
e. Support to high-tech projects
Any enterprises engaged in high-tech projects, in cooperation with a company in Zhabei District, will be given encouragement and economic support.
7. The enterprises registered in Zhabei District
At present, a lot of overseas and domestic enterprises have started their business in Zhabei District, including the headquarters of the top 500 enterprises in the world. The famous companies include: Philips Electronics, Cargill Investments China Ltd., YUV Rheinland (Shanghai) Co., Ltd., China Schindler Elevator, Co., Ltd., China UNICOM and Jiulong Electric Power Company.
8. The Investment Promotion Projects
Daning The Life Hub
An exciting, open-air, innovative and integrated urban lifestyle center of 250,000 sq m will soon emerge in central Zhabei, north of Shanghai CBD.
Daning The Life Hub is located in the juncture of Gonghexin Road and Daning Road. It is only 8-10 minutes drive to the Bund, Nanjing Road and Huaihai Road. This project covers an area of about 55,000 square meters, and the total construction area is 50,000 square meters. About 50,000 square meters is car park and it will be completed in early 2006 and open in the middle of 2006.
The main contents of the project include:
15 buildings with 3-19 stories
11 courtyards and piazzas
2 km commercial internal street
1500 carparks
8 major complementary functions:
- business hotel
- live / work units (“SOHO”)
- offices
- retail
- F&B
- entertainment
- education / culture
- urban living ancillaries (eg., banks, travel agents, etc.)
The form of business promotion: sell office building, rent out commercial property
Company: Shanghai Forrester Development Co., Ltd.
Person to contact: Huang Yi
Tel: 56771888, 13816337715
Shanghai Multimedia Valley
Shanghai Multimedia Valley is located in the central area of Zhabei District, covers an area of 600 mu. It focuses on the multimedia technology research and development, test platform, enterprise incubation and software products design and sales. There are Multimedia Technology R&D Base and Shanghai Multimedia Industrialization Base in SMV.
The first and second phase of Shanghai Multimedia Industrialization Base is located in the central part of Zhabei District- 777 Lane, West Guzhong Road. It lies beside the largest park in downtown area - Daning Lingshi Park of 68 hectares. Subway No.1 has been opened in West Guangzhong Road and the bus lines have been put into operation.
The method of business promotion: rent out office building
The unit of business promotion: Shanghai LvYuan Co., Ltd.
Person to contact: Chen Wei Zhong
Tel: 66528271 Fax: 56776626
Shibei Industrial New Zone
Shanghai Shibei Industrial New Zone is a city-level industrial park, initially approved by Planning Commission of Shanghai Municipal Government in 1992, and opened up by Zhabei Distrit Government. It’s located in the northern of Shanghai, near the cargo-railway station, and spreads over 120.6 hectares. The services system is perfect, including storage, delivery, consultation, retail, real estate, realty management. Presently, the new zone is developing the phase II project.
The method of business promotion: rent out or sell office building
The unit of business promotion: Shanghai Shibei Industrial New Zone Investment & Management Co.,Ltd.
Contact: Wang Chenglin
Tel: 56770133 Fax: 56776647
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