As an economic and business center of China, Shanghai is attracting investment from large number of overseas companies. Its open policy has made it a magnet for foreign investors. Places like The Bund and Pudong, which has evolved rapidly in past few years in Shanghai, has increased the citys role in international finance, banking and trade too.
Shanghai has a strong base in manufacturing and technology. With innumerable technology parks and industrial districts, the city is the leading industrial base of China. Steel, telecommunications, automobiles, power production equipment, petrochemicals and electric appliances are six pillar industries of Shanghai, contributing nearly 50 per cent to GDP. Further the foreign influence has made the city a consumer heaven.
The service industry now also represents a growing part of the citys economy. Finance, insurance, real estate, tourism and information represents the key sectors of development. The Shanghai Stock Exchange is one of the largest foreign exchange trading center of the country and various specialized markets like foreign banks and insurance companies have also developed rapidly in Shanghai.
Shanghai, as the Host City of World Expo 2010, offers comprehensive international business opportunities. While hosting some well known fairs like CeBIT and CeMAT, its Water & Membrane China (Shanghai) has recently become the most influential trade show on water, wastewater & membrane in the world.
Shanghai is one of the world's busiest seaports. It ranked first of the world's busiest ports in terms of cargo throughput in 2005. In terms of container traffic also, it is third busiest port in the world.
Being internationally diverse and commercially potential therefore makes Shanghai a foremost gateway for the world into the rich, historic and complex society of today's China.
Major Business Centers
Shanghai New International Expo Center (SNIEC):
Offering an array of outstanding facilities and services, SNIEC is a perfect venue for all types of trade shows and exhibitions.
A joint venture of Shanghai Pudong Land Development Cooperation and three of Germany's leading trade fair organizers-Munich, Hanover and Dusseldorf, the center can be called as one of the most impressive, efficient and functional exhibition venues in Asia-Pacific today.
The center comprises of total 300,000 m2 (200,000 m2 of indoor and 100,000 m2 of outdoor space) of exhibition space with 17 halls. In addition to it is an integrated hotel and a conference center complex.
The complex as whole house exhibition halls, business centers, post offices, banks, restaurants, customs offices, advertising agencies and shipment agencies.
Located in Hongqiao economic and technological developing zone, Shanghai Mart os China's first and Asia's largest international trade mart.
Encompassing the area of more than 280,000 m2 (including three parts: expo market, Shanghai Mart office building and Shanghai Mart expo center) and 2,200 permanent showrooms, the Mart a multi-functional business center which hosts world class exhibitions all around the year.
The mart not only provides services in countless products like Apparel & Textiles, Gift & Home Decor and Building Materials but also gives an opportunity to buyers to source product and exchange trading information in these industries.
Shanghai Stock Exchange (SSE):
Established in 1990, SSE is a non-profit organization directly administered by the China Securities Regulatory Commission (CSRC).
The Exchange is the most important stock market in Mainland China in terms of number of listed companies, number of shares listed, total market value, tradable market value and securities turnover in value.
Major Commercial Areas
Pudong New Area:
Located in the eastern side of Huangpu River, Pudong is China's 21st-century financial, economic and commercial hub.
Consisting of total 523 km2 of area, Pudong is home to Shanghai's stock market building, the tallest hotel in the world, the city's international airport and world's first commercial "mag lev" (magnetic levitation) train. The area also composes the skyline of the city that includes the Oriental Pearl Tower and the Jin Mao Tower, symbolic of anghai and China's economic development.
Pudong is divided into four parts namely, the Lujiazui Finance and Trade Zone, the Jinqiao Export Processing Zone, the Waigaoqiao Bonded Zone and the Zhangjiang Hi-tech Park Zone. This makes the place the fastest economically developed international area in China.
Considered to be the "No. 1 commercial street in China", this 5.5 km (3.4 miles) long street houses over 600 shops that are visited by some 1.7 million people each day.
Stretching from Waitan to Yanan Xilu.Nanjing Road, Nanjing is one of the most important and luxurious shopping street in Shanghai and one of the busiest in world. This section is known for its shopping centers.
Major Manufacturing Zones
Jiading Industrial Zone:
Located in northwest of the city, the district is just 25 km away from Wusong harbor and Hongqiao Airport. Being a Industrial Development Zone of Shanghai municipality, Jiading Industrial Zone is famous for automobile industry. Other car industries manufacturing spare parts are also scattered all over the area.
Recently constructed F1 racecourse (first in China) has further enhanced Jiading's fame as a Car City.
Location: Northwest of Shanghai, Jiading District
Nanhui Industrial Zone:
Located in the center town of Nanhui district, the Industrial is just 12 km away from Pudong International Airport and 40km from Waigaoqiao Port.
The area focuses on technology intensive optical & electronic industries and equipments industries like transportation, machinery and apparatus.
Besides having these industries, the Zone also possesses several technical institutes and colleges like Shanghai Topu Software and Information Technology Institute and Shanghai Industrial and Commerce Foreign Language Institute.
Location: At center of Nanhui District
Manufacturing: Electronics & Equipment