Shanghai Hongqiao Economic and Technological Development Zone
Shanghai Hongqiao Economic and Technological Development Zone is one of the first fourteen economic and technological zones approved by the State Council. After over ten years of development and construction, it has become an emerging business district with characteristics of foreign trade center, which integrates the functions of exhibition, fair, office, business, living, dining and shopping, and has a dedicated area for consulates.
Shanghai Hongqiao Economic and Technological Zone, located in the western part of downtown Shanghai, begins on West Zhongshan Road in the east and ends up on Gubei Road in the west, with Xianxia Road on its north and Hongqiao Road on its south. It is 6.5 kilometers away from downtown People's Square and 5.5 kilometers away from Hongqiao International Airport.
Hongqiao Economic and Technological Development Zone covers an area of 0.65 square kilometer, with 31.09-hectare land for buildings, 19.54 hectares of green space, and 14.39-hectare land for roads. It plans to have 300,000 square meters of exhibition space, 300,000 square meters of office buildings, 300,000 square meters of hotels and restaurants, 300,000 square meters of commercial and residential buildings, and 300,000 square meters of areas for supporting facilities and foreign consulates.
Introduction of foreign investment
A total of 108 enterprises are approved by government to get registered at Hongqiao Economic and Technological Development Zone, with total investment as recorded in contracts of USD2.725 billion. Among them, 101 are foreign-funded enterprises, with foreign investment as recorded in contracts of USD2.238 billion. Main features: high proportion of foreign investment, diversified nationalities of investors, a large number of multi-national corporations, diversified investment scopes.
Building projects completed
25 real estate projects have been completed within the Park, with a total floor area of 1,326,700 square meters and total investment as recorded in contract of USD1.342 billion.
Three exhibition venues: Shanghai World Trade City, Shanghai International Exhibition Center, and Shanghai International Trade Center, with a total exhibition area of 220,300 square meters. Specifically, Shanghai World Trade City with a floor area of 280,000 square meters has 2500 exhibition rooms of 190,000 square meters, 20 conference rooms of various types, 2,000 square meters of column-free large multi-purpose halls, 30,000 square meters of short-term exhibition space, and 60,000 high-grade office building. Shanghai World Trade City is the largest exhibition center in Asia which provides exhibition space throughout the year and acts as a trade bridge to serve the whole country.
Four hotels: Rainbow Hotel, Galaxy Hotel, Shanghai Yangtze Hotel, and Shanghai Grand Pacific Hotel, with a total of 2,515 rooms.
Nine office buildings: Shanghai International Trade Center, New Town Mansion, New Town Center Building, Oriental International Plaza, Xietai Center, Zhong Sheng Financial Center, Shanghai World Trade City, Rainbow Center, and Maxdo Center.
Seven commercial and residential buildings: Sun Plaza (twin towers), Jinqiao Building, Jinming Apartment (two wings), Regent House, and New Century Plaza.
Seven supporting facilities: a total floor area of 56,100 square meters. New Town Club, Hongqiao Friendship Shopping Center, JSWB International Furniture Expo Center, gas station, New Town Central Garden, New Town Plaza, and New Town Parking Garage.
Apart from apartments for officials of Japanese Consulate and Australian Consulate which have been built and put into use, the U.S., South Korea, Singapore, Pakistan and other countries have signed the contracts on land lease for consulate construction or agreements on swap of land for diplomatic use. Moreover, Consulate Generals of such countries as the Netherlands, India, Cuba, Israel, Romania, Denmark, Switzerland, and Argentina are located in Hongqiao Economic and Technological Development Zone.
In 1988, the right to use No. 26 land lot of 12,900 square meters in Hongqiao Economic and Technological Development Zone for 50 years was successfully sold out at the price of USD28 million. Till now, Hongqiao Economic and Technological Development Zone rented a total of 11 land lots, with a area of 72,000 square meters. The success in land leasing is a significant breakthrough in Chinese land use system reform, and opens up a new channel to attract foreign investment into domestic infrastructure construction.
Economic and trade activities
Till 2001, Hongqiao Economic and Technological Development Zone has successfully organized 340 exhibitions, 250 of which are international exhibitions and 90 of which are domestic ones, with over 9 million exhibitors from at home and abroad. Over a thousand domestic and overseas industrial and commercial institutions have set up companies or opened offices within the Park. Diversified exhibitions attract flocks of merchants, so commercial and trading activities are becoming increasingly prosperous.
The Park realized RMB2.979 billion operating revenue accumulatively, paid RMB1.7 billion taxes, achieved total profit of RMB2.515 billion and gained foreign exchange of USD2.86 billion.