Lin-gang Special Area Unveils Industrial Park Plans for Japanese SMEs at Tokyo Investment Event
Shanghai's Lin-gang Special Area Administration is taking bold strides to strengthen economic and trade ties with Japan, unveiling an ambitious plan to establish a specialized industrial park for Japanese small and medium-sized enterprises (SMEs). The announcement was made during a high-profile investment promotion event held in Tokyo on November 15, aimed at showcasing Shanghai's latest policies and opportunities for international investors.
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A New Hub for Japanese SMEs in Shanghai
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The proposed Japanese SME Industrial Park, situated within the Dishui Lake Financial Bay of Lin-gang Special Area, will span 20,000 square meters, with a total built-up area of 90,000 square meters. Scheduled for completion by the end of 2024, the facility is designed to welcome its first wave of tenants around the Spring Festival of 2025. Featuring premium office towers and podium buildings, the park is envisioned as a hub for fostering economic exchange, technological collaboration, and industrial integration between China and Japan.
This initiative is backed by a strategic partnership agreement signed during the seventh China International Import Expo (CIIE) between Lingang Group and Mizuho Bank, alongside its China subsidiary. Together, they aim to create a vibrant industrial ecosystem that aligns with Shanghai's foreign investment and industrial development goals, attracting more Japanese SMEs to the region.
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Japan's Strategic Importance to Shanghai
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Japan stands out as a vital economic partner for Shanghai:
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It ranks as the city's fifth-largest export destination, third-largest import source, and third-largest source of foreign investment.
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Shanghai is home to over 6,500 Japanese-funded enterprises, representing a cumulative investment of more than $25 billion.
With 147 Japanese-related enterprises already established in Lin-gang, including over 30 brick-and-mortar companies, the area provides a strong industrial base for Japanese businesses.
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A Sustainable Vision for the Future
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In keeping with global trends, the new industrial park aims to be an ESG-compliant, green, and low-carbon facility, leveraging cutting-edge technology for sustainability:
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Energy efficiency will improve by 15%, supported by 2,000 square meters of photovoltaic rooftops capable of generating nearly 500,000 kWh annually.
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The park's infrastructure will integrate intelligent systems for operations, reflecting Shanghai's commitment to innovation and environmental responsibility.
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Global Engagement and New Horizons
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The Tokyo event also marked another milestone in Lin-gang's ongoing global investment roadshow. Yang Zhengwei, Executive Deputy Director of the Lin-gang Special Area Administration, highlighted the area's potential for Japanese investors, emphasizing its role as a gateway to China's dynamic market. The event was attended by 120 representatives, including officials from Chinese consulates in Japan, business associations, and local enterprises.
During the event, the Lin-gang Special Area Administration signed cooperation agreements with leading financial institutions including Mizuho Bank, MUFG Bank, and the Tokyo branch of the Bank of Communications, further solidifying financial and industrial ties between the two nations.
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