The Qidong Economic Development Zone holds a promotion meeting on the foreign investment environment in Huangpu district, Shanghai on Sept 24. [Photo/ntfabu.com]

The Qidong Economic Development Zone held a promotion meeting on the foreign investment environment in Huangpu district, Shanghai on Sept 24. Over 40 units including foreign chambers of commerce, renowned foreign-funded enterprises, intermediaries, accounting firms and law offices attended the event.

As a main carrier of Qidong's new energy, biological medicine and semiconductor industries, the Qidong Economic Development Zone has held several meetings to formulate plans on investment attraction and implementation of specific measures, achieving remarkable results.

In addition, centering on the strategy of integrating with Pudong in Shanghai, the zone established a semiconductor industrial park and a biological medicine industrial zone to better undertake the spillover industries of Pudong.

During the meeting, the Qidong Economic Development Zone gave a detailed introduction to the regional transport planning and progress, industrial planning and supporting facilities construction, development of foreign-funded enterprises and relevant preferential policies, as well as residential environment and commercial facilities.

The participants all praised Qidong's regional advantages, convenient transport, preferential policies and graceful environment. Several enterprises from Japan and France put forward clear investment intentions and plan to invest in Qidong in the near future.

By the end of June, 19 projects had committed to settling in the Qidong Economic Development Zone, including six worth over one billion yuan ($147 million) and 13 worth over 100 million yuan.