December 20, 2018

Waigaoqiao Free Trade Zone Group strives to build an international trade hub center

Shanghai Waigaoqiao Free Trade Zone Group Co was established in 1990 and it manages the core area of China (Shanghai) Pilot Free Trade Zone, the developer of the Waigaoqiao Bonded Area and its neighboring areas.

As a listed state-owned enterprise, the group is mainly responsible for the state-owned assets investment, management and operation, such as the Waigaoqiao Bonded Area and the neighboring lands.

With a planned land lot of 10 square kilometers, the group participated in the construction of the Yangshan Free Trade Port Area and is responsible for the FTZ and its surrounding areas’ construction, investment attraction, operation and management.

In recently years, the group has leveraged its advantages in whole property management, logistics, and import and export to lead the zone’s international companies’ branching into the high-end links of research and development.

Benefitted by the Waigaoqiao Group’s world-class industrial base foundation and its customer and market resources, the group has cultivated 10 industries each with an annual sale of 10 billion yuan (US$1.45 billion) and six industries each with an annual sale of more than 100 billion yuan.

The group formed professional platforms in industries such as intelligent manufacturing, medical equipment, automobile, mechanical engineering, alcohol, clock and jewelry, and cultural industries, which have attracted leading companies such as AgieCharmilles, Siemens Healthineers, Apple Computer Inc, Jaguar Land Rover Public Ltd, Chanel, Moet Hennessy – Louis Vuitton, LVMH Group, Swatch Group, and China Guardian.

Waigaoqiao’s import industry platform and the first China International Import Expo have formed close cooperation. A dozen of its customers in the industries such as intelligent manufacturing, medical equipment, health preservation, clothing and consumer goods signed up for participating in the CIIE.

So far, 16 national and three regional pavilions from industries such as intelligent manufacturing, automobile, liquor and cosmetics have signed up to settle in the CIIE perennial exhibition and trading platform. Also, the group has built a 40,000-square-meter property equipped with a professional team of over 2,000 people to provide the group’s customers with services such as logistics, transportation, clearance, declaration and inspection, and bonded warehouse.

In terms of city-industry integration, the group has taken advantage of its shops and warehouses, trans-border trade, bonded exhibition and trade to import a batch of brands that haven’t entered into the Chinese markets. The group has built its themed “Mall of Mall” business models and imported headquarters economy, cooperation mechanism, and attracted high-end industries.

The Waigaoqiao Bonded Area, Senlan International Community, and the neighboring three towns have worked together to build the international trade city. The Senlan International Business District aims to develop its business carrier that integrates functions such as R&D, business, exhibition and experience.

The Senlan International Community has imported and hosted well-known sports games and art performance, such as Spartan Race, the Color Run, Concrete & Grass Music Festival and Family Run, attracting over 40,000 domestic and foreign participants.

Also, the Waigaoqiao Bonded Area and its Bonded Logistics Park, Shanghai Pudong Airport Comprehensive Bonded Area, and the Yangshan Bonded Port Area have combined their functional advantages and strengthened their cooperation mechanism in logistics and financial services, using their shipping logistics as carriers and their port advantages as support to build internationally competitive shipping centers.

Shanghai Waigaoqiao (Qidong) Industrial Park has formed its export-oriented processing industry, supported by almost 20 comprehensive large industrial parks equipped with logistics, trade, production, business and life facilities, with a total investment of 1 billion yuan.

The Waigaoqiao Group’s subsidiary Shanghai UDC Business Consulting Co and WuXi App Tec Group have formed a joint venture – Shanghai Free Trade Zone Biomedicine Technology and Innovation Center to build the country’s biomedicine field’s engine and a globally influential biomedicine technology and innovation base, forming a conducive biomedicine’s ecological cycle in the country.

Also, the group has provided professional services to the FTZ’s companies to invest in the Belt and Road Initiative countries and regions and build national (regional) pavilions and commodity centers.

Eight countries (regional) commodity centers have been put into use. Australia and 16 countries in Central and Eastern Europe’s commodity centers and platforms of alcohol, cosmetics, intelligent manufacturing have become the first China International Import Expo’s perennial exhibition and trading platforms, providing the CIIE with services such as online and off-line o2o service modes.

The group will assist the companies operating in the FTZ to invest in the Belt and Road countries and build the country’s export-oriented trading brand.

In addition, the National Base for International Cultural Trade has attracted about 670 companies, and it’s working with National Museum of China, China National Academy of Painting, and National Library of China to promote their cultural and creative products and the joint development of the national cultural resources and the FTZ.

The group’s financial company has set up a trans-border capital channel that covers all currencies, which will continuously improve the group’s financial service capability and bring more financial resources to the zone’s companies.

With the group’s financial company being the core, the comprehensive financial service platform has been basically set up, and it will explore new ways to combine industries and merge funds. Through financing, trans-border investment, and strategic investment, the group will provide tailored products such as sub-funds to channel social capital to promote the establishment of quality projects in the zone, and create the zone’s key industries’ investment and financing environment.