Ying Yong talks with executives of foreign firms in Shanghai

Mayor Ying Yongvisited a few foreign companies in Shanghai and held talks with their senior executives on Monday.
Ying said market opening is Shanghai’s biggest advantage and the city will continue to open up to foreign investors.
“We will bring the local economy to a higher level by creating a better business environment based on laws andinternational standards. We want to give domestic and foreigncompanies bigger room for growth and boost the overall competitiveness of Shanghai,” Ying said.
He visited Honeywell and Roche Group’s Asia-Pacific headquartersin Shanghai and had a meeting with the executives of Honeywell, Roche, Ford Motor, General Electric, Apple Inc, ABB Engineering, L’Oreal, Royal Phillips, Covestro and Unicharm to hear their suggestions on Shanghai’s opening, environment and talent recruitment.
The mayor said foreign companies participated in Shanghai’s development and made remarkable contributions to the city’s modernization. They served as a key engine of Shanghai’s economic growth and promoted the city’s economic transformation and innovation.
He said the Shanghai government will work hard to provide good business environment and services to Chinese and foreign companies as it is one of its main responsibilities.
“We will increase support for your regional headquarters and R&D centers and encourage you to participate in Shanghai’s industrial restructuring and upgrade. This is good for Shanghai’s drive to become a global innovation center,” he told the executives of foreign companies.
The mayor said the Shanghai government will change its role and reform its approval systemto lower the costs of companies. The city will roll out 30 incentive policies to attract talented professionals to work in Shanghai.