Shanghai holds certificating ceremony for MNC

Updated:2019-05-08 (zjsfq.gov.cn)

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The certificating ceremony for multinational companies' regional headquarters and R&D centers is held in Shanghai on May 6. [Photo/WeChat account: zhangjiangfabu]

The government of Shanghai held a certificating ceremony for multinational companies' regional headquarters and R&D centers on May 6.

Shanghai Mayor Ying Yong awarded certificates to 22 newly identified regional headquarters of multinational companies and five R&D centers.

Two of the awarded R&D centers were from the Zhangjiang National Innovation Demonstration Zone – GenFleet Therapeutics Inc and Honeywell Automotive Parts Services (Shanghai) Co Ltd.

GenFleet Therapeutics, founded in 2017, focuses on the R&D of innovative drugs. Honeywell entered China in 1994 and was one of the first foreign companies to bring turbocharging technology to the country.

As a hot spot for foreign investment, Shanghai had attracted a total of 97,000 foreign-funded projects with contracts worth $471.2 billion, 670 regional headquarters of multinational companies and 441 foreign-invested R&D centers by the end of 2018.

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