Shining city

・ The actual use of foreign investment in Shanghai hit a record high of over $24 billion in 2023

・ Shanghai was home to 1,771 licensed financial institutions last year, of which 548 were foreign-invested

・ In 2023, emerging industries accounted for 43.9 percent of the total industrial output generated by companies with an annual sales revenue of at least 20 million yuan

・ Nearly 40 percent of the integrated circuit talent are based in Shanghai

・ The city boasts the regional headquarters of 956 multinational companies

・ The regional R&D centers of 561 foreign companies are based in Shanghai

・ There are 70,000 foreign-invested companies in the city