Contents Headline of the Week: The 2021 Shanghai’s Government Work Report is released, FDI increases by 6.2% Headline of the Week: Shanghai releases 320b RMB earmarked credit plan to encourage enterprises to shore up investment on innovation Regional News: Container throughput of Yangshan Port reaches 200m TEU, with the 4th phase’s capacity exceeding 5m TEU this year Regional News: With 2.58b RMB of total investment, 5 major projects start construction in Taopu at the beginning of the 14th Five-Year Plan Project Promotion: ESR general manufacturing factory project in Hangzhou Bay Economic and Technological Development Zone, Fengxian District Headline of the Week The 2021 Shanghai’s Government Work Report is released FDI increases by 6.2% Recently, the 5th session of the 15th Shanghai Municipal People’s Congress was successfully held, on which Gong Zheng, Mayor of Shanghai delivered the government work report. In 2020, Shanghai’s work on foreign investment achieved eye-catching performance. The city rolled out a series of policies including the “20 Provisions” on enhancing investment, the “35 Provisions” on promoting new infrastructure construction, the “12 Provisions” on promoting consumption, the “11 Provisions” on foreign trade stabilization, the “24 Provisions” on foreign capital utilization and the “22 Provisions” on realizing stable and healthy development on SMEs. The total foreign trade volume of 2020 reached 3.5t RMB, up by 2.3%, while the paid-in foreign capital reached 20.23b USD, up by 6.2%. The main target of the city’s socioeconomic development in 2021 is 6% of GDP growth. In the meanwhile, Shanghai will accelerate its development of itself into an international center for consumption, roll out the action plan on consumption upgrading and continue to hold consumption-promoting campaigns, such as the May 5th Shopping Festival. New forms of consumption including online shopping, shopping for experience and health care-related shopping will be forcefully developed and debut economy, night-life economy and brand economy will be promoted. Also, the city will step up to implement new policies concerning duty-free shops in the city and create demonstrative area of smart shopping and experiencing centers for commerce and consumption. (Excerpted from Shanghai’s official WeChat account “Shanghaifabu”) Headline of the Week Shanghai releases 320b RMB earmarked credit plan to encourage enterprises to shore up investment on innovation Recently, the Plan on Providing Earmarked Financial Support and Service for “Technological Center of Enterprises” (2021-2025) has been released, in which it is stated that banks including Shanghai Branch of Industrial and Commercial Bank of China will build 320b RMB earmarked loans on credit to spur up larger investment on innovation from enterprises and to strengthen the service for innovative talent. According to Mr. Chen Mingbo, Deputy Secretary General of Shanghai Municipal People’s Government, Shanghai has established 92 national-level technological centers of enterprises and 660 municipal-level ones. In April last year, to meet the needs of enterprises within the Yangtze River Delta region on technological innovation, the Shanghai Innovation Association of Enterprise Technological Centers was established to play its active role in introducing the coordination of industry, universities and academia on innovation. For the next step, concentrated efforts will be paid to nurture innovators working on multiple objectives and to strengthen the industrial innovative engine. A highly efficient and coordinating innovative system will be established to promote the deep integration of industry, universities and academia and development of large enterprises as well as SMEs. An open and inclusive innovative network will be established with great efforts to optimize the mapping of innovative functions within the Yangtze River Delta region and to utilize the innovative resources from home and abroad at the same time so as to help enterprises achieve global level in R&D capacity and to participate in the global cooperation of technological innovation on a higher level. (Excerpted from Xinhua News Agency) Regional News Container throughput of Yangshan Port reaches 200m TEU, with the 4th phase’s capacity exceeding 5m TEU this year Since Yangshan Port came into use, it took about 6 years and 2 months for the port to achieve a 50m TEU container throughput, another 3 years and 5 months from 50m TEU to 100m TEU, another 3 years and 2 months to 150m TEU and 2.5 years to 200m TEU. It took shorter and shorter time for Yangshan Port to achieve higher container throughput levels one after another. Today’s Yangshan Port has cooperated with 20 global renowned shipping companies including Maersk, MSC, CMA and COSCO and launched over 80 main air cargo lines to Europe, the Mediterranean Sea, the Americas, etc. From Yangshan Port, 109 major ports around the world can be reached. During Jan. 1st to 20th, the daily container throughput of Yangshan Port was 64,400 TEU, up by 18.4% on a year-on-year basis. Number of ships entering and leaving the port was 491, down by 2.4% on a year-on-year basis. Despite a smaller number of ships, containers on them were fuller. It is reported that the 4th phase of Yangshan Port will be equipped with another 5 bridge cranes, 10 rail-mounted gantry cranes, 25 AGV and other supporting devices this year. Its production capacity is expected to exceed 5m TEU and it will continue to be the largest-growing area in the whole Yangshan Port. (Excerpted from Pudong Times) Regional News With 2.58b RMB of total investment, 5 major projects start construction in Taopu at the beginning of the 14th Five-Year Plan Recently, a batch of major projects started construction at the same time on the occasion of the collective launching ceremony of major projects in Putuo District. Among the 5 major projects that are constructed in Taopu, 4 of them are of industrial function and 1 is of infrastructure and the their investment volume totals 2.58b RMB. Taopu area is going to be indispensable in Putuo District’s transformation efforts during the 14th Five-Year Plan. As one of the key areas of development in the 14th Five-Year Plan, Taopu Smart Innovation Town is making great efforts to establish itself into an important supporting area for Shanghai science and innovation center initiative and into a demonstrative area for transformation and upgrading of the city’s central area. On the collective launching ceremony, Taopu S&I Service Center, Ruichuang Shanghai Research Institute, scenery projects on No. 075 and No. 094 area of the Taopu central green space, laying a solid basis for a successful beginning of the 14th Five-Year Plan. In addition, two industrial functioning projects, namely the New Jinhuan 88 Plaza project on the Taopu E4 area and the north part of Wentai Technology project have become the 1st two key projects to be implemented in the 1st year of the 14th Five-Year Plan, with the total investment volume of 1.9b RMB. (Excerpted from content by Putuo District, Shanghai) Project Promotion ESR general manufacturing factory building project in Hangzhou Bay Economic and Technological Development Zone, Fengxian District Located in No.999, Hailong Road, Fengxian District, Shanghai, the factory building project was invested and established in 2020 by the renowned industrial real estate developer ESR. The 1st and 2nd floor occupy 16235 m2 and 18536 m2 respectively, and the space for leasing totals 34772 m2. The whole building can be divided into 8 units for leasing so that clients can rent different units as they see fit. The whole project is a two-floor factory building with elevators. It has a reinforced concrete frame structure with light steel exterior. Each floor is 6.5 meters high. The 1st floor’s load-bearing capacity is 3 tons/m2 and that of the 2nd floor is 2 tons/m2. The 1st floor is 1.3 meters higher than the outdoor ground. An area with the width of 30 meters is vacant for building parking area. The building has area that is designed as platforms and is equipped with lifting platforms. The canopy is 8 meters wide. The distance between pillars of the 1st floor is 11.5×11.5 meters while that of the 2nd floor is 11.5×23 meters. The whole building is equipped with electric power of 20 watt/m2 and ventilation systems. It also has cotton insulation on the wall and wallboard. Area: 35616 m2 Price for leasing: 1.25 RMB/m2/day Contact: Liu, Manager, 86-21-57440026, 86-13816255148.