Foreign investment in Shanghai is expected to hit record highs this year

Xinhua SHANGHAI December 17 Reuters reporter 17th from the 17th batch held in Shanghai multinational Company regional headquarters certification ceremony was informed that this year, Shanghai attracted 78 foreign headquarters institutions, settled in Shanghai, the accumulation of foreign capital Headquarters 751; Under this impetus, Shanghai this year actually in place foreign capital is expected to break 10 billion U.S. dollars　　, a record high. According to the Shanghai municipal government under the Deputy Secretary-General, Municipal Commerce Committee director Hailin, the 2009 Shanghai foreign investment work was affected by the international financial crisis, but still maintain a stable attraction to foreign investment.　　In January-November, Shanghai actually invested 9.621 billion U.S. dollars in foreign investment, up 3.3% from the same period last year, and is expected to surpass the 10.084 billion dollar level of foreign investment in the past year, creating a record high. Since this year, Shanghai has set up 12 foreign investment companies and 30 research and development centers, and identified 36 regional headquarters of multinational companies.　　With the size of 751 foreign-funded headquarters institutions, Shanghai has become the most concentrated city in China's mainland. According to first, since this year, Shanghai from the promotion of foreign-funded online Office system construction, the decentralization of the approval authority to improve the investment environment. At present, the average approval time for individual foreign projects in Shanghai has been shortened from 8 days of the year to 5.1 days; August 1, the City of Commerce Committee will be approved to encourage the county, the permission of the category of foreign-funded projects, from the total investment of 30 million U.S. dollars to 100 million U.S. dollars; December 1, the city's business committee will be the field of foreign mergers and acquisitions and trade retail, The approval authority of five industries, such as talent intermediary, occupation first, business leasing, exhibition and so on, is delegated to the counties. The move mobilized the enthusiasm of the county to attract foreign investment, and further improved the administrative efficiency of foreign capital approval.