Shanghai further boosts confidence in foreign investment

A batch of 26 projects was signed at the Shanghai Global Investment Promotion Conference 2023 on Thursday, with a total investment of 67.4 billion yuan ($9.8 billion). This year's conference has introduced a new signing ceremony between scientists and corporate institutions for the first time. It's aiming to help achieve new technological breakthroughs in the city. 

The conference also announced a new round of 24 measures promoting investment, including a maximum reward of $14.54 million for major investment projects and a subsidy of up to $1.5 million for purchasing or leasing property for headquartered projects.

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