Shanghai Fengxian District Has 17 Projects Commencing Construction in Q1, with Total Planned Investment of 12.6 Billion RMB

On the morning of January 5, Shanghai Fengxian District held the groundbreaking ceremony for industrial projects in the first quarter of 2023 and signing ceremony for the first batch of contracted projects. There were 17 groundbreaking projects in the first quarter and 9 contracted projects in the first batch, involving fields such as biopharmaceuticals, new energy vehicles, new materials, daily cosmetics and green food, with total planned investment of 12.6 billion RMB and 12.2 billion RMB respectively. Among them, 信念药业 Belief BioMed Global Headquarters & Industrialization Base Project and 千健国科 Qianjian Guoke Regional Headquarters Project are important ones. Shanghai Fengxian will continue to proactively introduce and nurture major projects, accelerate the development of the four emerging industries of "beauty & health, new energy auto parts, chemical new materials, and digital intelligence", and promote effective qualitative improvement and reasonable quantitative growth of its economy.