Shanghai
Shanghai Caohejing High-tech Industrial Development Zone



    Rating     AAA
    Year of Establishment     1982
    Land Area     14.28 km2
    Location     Shanghai
    GDP     RMB 41.32 billion (Jan-Jun 2013)
    FDI     US$16.1 billion
    Utilized FDI     US$68 million (Jan-Jun 2013)
    Major Investors     GE, EFU, Andrew Technologies, Epson, Lucent, Cisco, Wistron, Ctrip.com, Accton, Shanghai Microtek Co Ltd, 3M, DuPont, Clariant Chemicals, Suntech Power, Shanghai Aero-Space Satellite Application Co Ltd, China National Aeronautical Radio Electronic Research Institute, FMC, Kerry, Unilever, Starbucks, Intertek, Honda Motors, Valeo, Hans, Hankook Tire China Co Ltd, Autodesk , CapitaLand, Ashland
    Major Industies Encouraged     Information technology, new materials, bio-pharmaceuticals, aerospace technology, auto accessories
Source: Administration Committee of Shanghai Caohejing High-tech Industrial Development Zone


Introduction
Shanghai Caohejing High-Tech Industrial Development Zone (Shanghai Caohejing HIDZ) was initially founded as the Caohejing Microelectronic Industrial Park in 1982. It is the only development in mainland China that enjoys preferential policies granted to both economic and technological development zones and high-tech industrial development zones. The park was certified as an APEC Technological Industrial Park in 2000. The State Council approved the setup of Caohejing Export Processing Zone in 2003, Caohejing Pujiangg High-Tech Park in 2004, and Caohejing Modern Service Complex in 2005.

Caohejing HIDZ is located southwest of Shanghai, spanning Xuhui District and Minhang District. It is situated a mere 11 km from the People's Square in downtown Shanghai, 2 km from the South Railway Station of Shanghai and 7 km from Shanghai Hongqiao Airport. It takes only forty minutes to travel from Caohejing HIDZ to Shanghai Pudong International Airport, which was the largest airport in China in terms of cargo throughput in 2011. Shanghai Port, which handled 31.7 million TEUs in 2011, is the largest port in China in terms of container traffic, is located less than an hour drive to the park.

Investment Climate
Shanghai Caohejing HIDZ encourages investment in information technology, new materials, biopharmaceuticals, aerospace technology and auto accessories. In 2012, the GDP of the park exceeded RMB 81 billion, 13.0% more than it realized in 2011. The total import and export value of the park surpassed US$16.1 billion, accounting for 3.7% of Shanghai’s total.

In 2012, the park attracted 89 foreign invested projects, and foreign contractual value amounted to US$330 million. By the end of 2012, more than 2,500 enterprises had been settled in the High-Tech Park, including over 90 launched by Fortune 500 enterprises. Investors in the park include GE, EFU, Andrew Technologies, Epson, Lucent, Cisco, Wistron, Ctrip.com, 3M, DuPont, Clariant Chemicals, and Suntech Power.

Swatch Group, the world’s largest watch and jewelry group, decided to build its China Technical Support Center in the park. Singapore-based real estate company, CapitaLand, announced plans to invest US$90 million in the park to set up its Shanghai headquarters. U.S.-based chemical-maker Ashland made plans to move its regional headquarters and technology center to the park in November.

In 2012, Shanghai Caohejing HIDZ’s gross industrial output value amounted to RMB 106.84 billion, down 6.7% year on year. Meanwhile its sales revenue for 2012 rose 11.3% to RMB 246.93 billion, including RMB 140.98 billion from its Electronics & Information Technology industry, RMB 17.16 billion from Instrument & Meters industry and RMB 12.17 billion from auto industry. In the first six month of 2013, the GDP hit RMB 41.32 billion, utilised FDI hit US$68 million, the export value reached US$5.43 billion, and the import value reached US$2.32 billion.

Investment Cost
 
 
 
 
Winning Edge and Limitation
Winning Edge
  • Many large multinational firms have built plants in the zone.
  • The zone is located near 20 universities and more than 120 scientific research institutions, including the prominent Shanghai Jiaotong University.
  • It is the only state-level zone in China that enjoys preferential policies as both a state-level economic and technological development zones and as a high-tech industrial development zone.


Limitations
  • Operating costs and labor costs are high.
  • The zone faces fierce competition from other development zones in Shanghai.
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Address: Technology Mansion, No. 900 Yishan Road, Shanghai, P.R. China 200233
Tel: 86-21-64859900, 64850000
Fax: 86-21-64851906
Website: www.caohejing.com
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