We’re happy to do business here!
Print Edition
Companies doing business in Minhang are happy with the investment and social environment in the district, according to a recent survey by PricewaterhouseCoopers.
The Minhang Investment Environment Report surveyed more than 400 businesses on five criteria: government support and administrative efficiency, the business environment, the living environment, the available talent pool and infrastructure.
The scores on every criterion came in at 8.9 or above out of a 10 possible. Government support and administrative efficiency, and the local talent pool ranked highest and among the best in Shanghai.
Respondents ranked government support and administrative efficiency as their top priority, followed by the talent pool. They cited the service-oriented mindset of the district.
“The government has arranged for professionals to help us familiarize ourselves with the local area, cutting the time we need to acclimatize our business,” Bright Dairy commented in the survey. “The district also provides a team service for the top 100 companies. District officials have come to our offices to get a better understanding of difficulties we face and to help us find solutions.”
Talent pool
As a hub of top universities and science and technology parks, Minhang does offer a wide array of professional talent for businesses to tap.
“Minhang is equipped with a range of talent, from basic labor to high-end professionals,” said German-based KSPG, parent of Rheinmetall Automotive. “More and more professional elite and university graduates are choosing Minhang as an ideal place to live and work, which has improved the pool of candidates available to us. That makes the recruitment process so much smoother.”
The PwC report recognizes the expanse of Minhang’s industrial structure, covering all industries except tobacco. A balanced development environment has helped the district maintain stable growth. The district is also promoting advanced manufacturing industries, including new materials, bio-pharmaceuticals and electronic information.
The retail market is also booming in Minhang, abetted by the construction of the Qibao, Hongqiao and Xinzhuang business districts.
This report also presents a summary that potential investors will find useful in contemplating where to locate businesses. It praised Minhang for laying a solid foundation for investment, opportunities and future growth across an array of sectors.
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