18 transnational companies establish regional headquarters in Shanghai

14:03, December 18, 2009      

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The Shanghai municipal government issued certificates to the 17th batch of regional headquarters to transnational companies on December 17. 18 transnational companies including TESCO, Dow Chemical and Coca Cola have established regional headquarters in Shanghai. Four of these companies are corporations among the 2009 Fortune 500. To date, a total of 751 transnational companies have established regional headquarters in Shanghai.

The foreign investment in Shanghai has been increasing steadily since the beginning of 2009. The foreign investment actually utilized this year is expected to exceed last year's volume of about 10.08 billion U.S. dollars, setting a new record. Meanwhile, Shanghai's headquarters economy also maintained sound development. Since the beginning of 2009, 12 foreign-invested companies and 30 research and development centers have been established in Shanghai. The establishment of 36 regional headquarters to transnational companies has been approved.

By People's Daily Online
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