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Trading platforms aid Hongqiao opening up hub form global network
By:Zheng Qian  |  From:english.eastday.com  |  2021-03-19 09:46

Building Shanghai Hongqiao central business district into an international business and trade center is a major goal over the next five years for the municipal government. Thanks to high-level trading platforms like the Hongqiao Overseas Trade Center, the Hongqiao business district has the capability to link global resources for the efficient flow of goods, information, and capital, making this goal more achievable.

Spanish businessman Ignasi Claret works for an auto parts company in Taichang in the nearby Jiangsu Province. Over the past 13 years, he has been commuting between Shanghai and Taichang. Every 2 months, he will go to the Hongqiao Overseas Trade Center to meet with entrepreneurs from Spain and discuss the market. For him, the center means a gathering of information and social contacts.

Reputed as a small United Nations, the trade center has introduced 26 trade and service institutions from various countries and regions, which will not only attract foreign companies to participate in the China International Import Expo (CIIE) but also form a global trade and service network.

Due to the sound business environment in the Hongqiao Business Center, including the convenience in the application for work permits for foreigners, the Singapore Enterprise Centerhas settled there in the Hongqiao Overseas Trade Center, which has assisted 18 Singaporean companies to settle in the Yangtze River Delta within just 2 years.

In the words of Yang Qian, assistant to the director of the Singapore Enterprise Center, the Hongqiao Overseas Trade Center is like a window for Singapore and all the other foreign enterprises to enter the Chinese market.

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