Time in the market beats timing the market. —Ken Fisher, founder of Fisher investments

Changning works with Shanghai (Land) Group

Changning District government and Shanghai (Land) Group Co, Ltd signed the strategic cooperation framework agreement on June 16.

Wang Lan, Party secretary of Changniing, pointed out that both sides should work together on the road of seizing strategic opportunities and forming new driving forces of economic development.

“Facing the new road of cooperation between the two sides, we firmly seize the major opportunities of the construction of Hongqiao International Opening-up Hub and urban digital transformation, strengthen cooperation in regional overall development, jointly make the “cake” bigger and better, and turn the strategic opportunity advantages into high-quality development victories. 

Feng Jingming, chairman of Shanghai (Land) Group Co, Ltd, said that Shanghai (Land) Group hopes to work with Changning District government to contribute to the economic and social development of Changning. 

The group will mainly focus on six “joints:” First, joint investment promotion; Second, joint development in urban renewal; Third, joint development in talent apartments and rental housing; Fourth, jointly combine industry and finance to make good use of the urban renewal fund; Fifth, jointly cultivate talent, strengthen talent exchange; Sixth, jointly work with excellent enterprises in Changning and strengthen cooperation with Changning government-owned enterprises, according to Feng.

New park set up as source of online new economy

Changning officially launched the “Source of Hongqiao” online new economic ecological park at the 2022 Shanghai Global Investment Promotion Conference held on June 16.

As one of the three municipal online new economy ecological parks, the “Source of Hongqiao” online new economy ecological park is an important layout of Shanghai’s online new economy in the west of the city. 

The park will strive to build itself into a leading online new economy innovation high ground and digital economy headquarters cluster in China, and a model for high-quality economic development and digital transformation in the country, according to the blueprint.

As early as 2000, Changning District took the lead in putting forward the “Digital Changning” strategy and continuously promoted the upgrading, so as to accelerate the deep integration of information technology and regional economic and social development, and lead the high-quality economic and social development. 

In recent years, leading enterprises such as Ctrip and PDD have grown increasingly in Changning. There are 21 e-commerce platforms with a transaction volume of more than 100 million yuan (US$14.97 million) annually in the district. 

The total transaction volume of e-commerce platforms in Changning ranks first among all the districts throughout the city, accounting for about a quarter of the city’s total. At the same time, key enterprises such as Ctrip group, PDD, iQiyi, established their headquarters here one after another.

In order to further implement the national strategy for the construction of Hongqiao International Opening-up Hub and the deployment of the city’s online new economic development action plan, continuously expand the core brand influence such as the “Source of Hongqiao” and “Digital Changning,” and form a complementary situation in which “Big Hongqiao” and “digital economy” opportunities mutually empower each together, Changning builds the online new economic ecological park this time that is internationally oriented, innovative and open, and with the agglomeration of all sorts of elements.

It is planned that by 2025, the “Source of Hongqiao” online new economy ecological park will be built into a leading area in the Hongqiao International Central Business District and even the city’s map of online new economy, giving full play to Changning’s advantages, showing Changning’s capability in the process of Shanghai’s urban digital transformation.

Firms gather in Changning to give Hongqiao a big boost

Twenty key enterprises signed agreements to move to Changning on June 16. Mainly in the sectors of Internet plus life services, fashion and creative, healthcare, financial service and fintech, many of them will establish their national or regional headquarters here to integrate into the construction of Hongqiao International Opening-up Hub and build their trade headquarters serving the country’s dual circulation strategy.

Involving a total investment of 11.1 billion yuan (US$1.66 billion), the quarterly investment promotion signing conference was held on June 16 as a parallel session of the Shanghai Global Investment Promotion Conference and the launching ceremony of the “Chaoyong Pujiang” investment Shanghai global sharing season to demonstrate the business friendly environment of Changning, continue the legend of Changning as a prime destination of global investment, and make every effort to accelerate economic recovery and revitalization.

The first public fund in Changning was unveiled during the conference also. 

Shanghai Fashion Week goes digital 

Shanghai Fashion Week, which was postponed in March due to the COVID-19 pandemic resurgence, was going online and held from June 17 to 19.

The committee believes the digital version, with “the Future of Builders” as its theme, will revive the city’s fashion vitality and business while boosting market confidence.

A total of 36 brands joined the fashion event to livestream their latest collections on the Douyin (Tik Tok) platform for three days, six hours a day. Fashionistas and industry insiders could sit at home for a front-row view of the shows and explore the backstage stories through many other official social media channels, including WeChat, Weibo, Bilibili, YouTube and Instagram.

Despite the odds, the new digital approach truly linked the catwalk and commerce in a one-stop, all-around, immersive fashion experience for both designers, buyers and sellers, organizers pointed out.

The three-day event features established fashion designer brands such as Feng Chen Wang, PRIVATE POLICY, LEAF XIA, YES BY YESIR and RICO LEE. 

The lineup by emerging designers labels include 8ON8 and JICHENG from Changning, DONSEE10, Sultry Virgi and TRICKCOO. Also, sports brands Nike and Converse collaborate with LABELHOOD.

3 more join the club of headquarters

Three more multinationals established their regional headquarters in Changning on June 15. Hence, Changning is home to 118 regional headquarters, trade headquarters, R&D centers of multinational corporations and national headquarters of domestic private enterprises.

The three new members of the club are DSV International Logistics Shanghai, Chori (China) Co, Ltd and Takisada-Osaka Trading (Shanghai) Co, Ltd.

Edited by Shanghai Daily