Shanghai sees increase in newly registered enterprises

The number of newly registered companies in Shanghai rose 13.1 percent year-on-year to 465,200 in Shanghai last year, with the daily number hitting a record of 2,174, according to the latest data from Shanghai Municipal Administration for Market Regulation.

Shanghai was home to over 2.67 million companies at the end of 2021, up 10.8 percent from a year earlier.

The total registered capital of the enterprises founded in Shanghai in 2021 amounted to 2.78 trillion yuan ($438 billion), up 4.7 percent year-on-year.

The number of foreign-invested companies newly founded in Shanghai last year also surged 19.9 percent from 2020, while the total registered capital up rose 14.9 percent, the Shanghai Municipal Administration for Market Regulation announced.

By the end of September, 122 foreign-invested companies with a minimum registered capital of $30 million each were set up in Shanghai, up 54 percent from a year earlier.

The number of newly registered licensed financial institutions also rose 40 percent in 2021 on a yearly basis, according to the administration.

Contact the writer at shijing@chinadaily.com.cn