Transmit Promotes High-Quality Development Along with the Government as the Market Entered the Era of West Hongqiao

Recently, Lu Yong, deputy general manager of Shanghai West Hongqiao Business Development Co., Ltd., and his team visited Transmit. The two parties discussed various issues in the West Hongqiao area, including investment promotion, operation management, and enterprise empowerment.

The West Hongqiao government and Transmit have carried out many exchanges and cooperation, so as to promote more excellent companies to move in and take root in the West Hongqiao by virtue of Transmit's intensive cultivation in this area, professional interpretation of the market environment, and accumulated profound resources.

Great Hongqiao has experienced 12 years of development and construction since the Great Hongqiao plan was launched in 2009. Its development goal has changed from "a business center and large-scale comprehensive transportation hub in the Yangtze River Delta" to "an international open hub leading the integrated development of the Yangtze River Delta".

According to the Great Hongqiao's current development process, the core functions of the Hongqiao transportation hub have been completed and matured; the core development and construction of the Hongqiao business district has been completed, its core projects and main supporting operations are mature, the main projects have been delivered, and the business atmosphere has basically taken shape; meanwhile, the development and construction of West Hongqiao has entered the final crucial stage, and a large number of landmark projects will gradually be launched and put into use in the next three years. This marks that the hot spot of the Great Hongqiao market has begun to shift to the west, and the market will enter the "West Hongqiao Era".

From the perspective of comprehensive location, function positioning, industrial characteristics, and traffic planning, West Hongqiao has its unique advantages in the entire Hongqiao business.

Comprehensive Location:Core Area of Hongqiao  Radiating the Yangtze River Delta

West Hongqiao business district is the area of Shanghai Hongqiao business district involving Qingpu District, with a planned area of about 19 square kilometers.
The straight-line distance between West Hongqiao business district and Hongqiao comprehensive transportation hub is only 1.2 km. It is the area closest to the core area and transportation hub within the scope of Great Hongqiao. It is also the only area directly connecting Jiangsu and Zhejiang on Shanghai's "golden economic axis" from east to west, occupying the core area of Yangtze River Delta.
According to the Shanghai Hongqiao Main City Area Unit Plan released in February 2020, "Create an overall spatial pattern for the core area, airport area, West Hongqiao, South Hongqiao, North Hongqiao and East Hongqiao areas on top of the original main functional area and expansion area based on functional characteristics, and enhance the functions of these areas."

Function Positioning:Sub-center of the Main City  Carrying Core Trade

In terms of function positioning, West Hongqiao will expand trade and consumption functions on the basis of exhibition functions.
In addition, the plan further divides the public activity center system of the main city area of Hongqiao. West Hongqiao and the original core functional area form the sub-center of the main city of Hongqiao.
Covering a total area of 4.7 square kilometers, the sub-center of the main city of Hongqiao is the functional core area that leads the main city area of Hongqiao and gathers high-end business, exhibition and trade functions. It will become a gateway hub facing the world and the Yangtze River Delta, the frontier serving Shanghai and radiating the Yangtze River Delta, and the core bearing area for Shanghai building the international trade center.

Industry Characteristics:Numerous Heavyweight Exhibitions Developed International Import and Export Trade

Located in West Hongqiao, the National Convention and Exhibition Center is a world-class exhibition complex in the Yangtze River Delta, serving the whole country and facing the world. It brings together the top domestic and international exhibitions in various industries. It is also a fixed venue for the China International Import Expo, a major national opening strategy, which establishes the status of West Hongqiao as the core bearing area for Shanghai's construction of an international trade center.

The RCEP agreement signed in November 2020 marked the official start of a free trade zone with the largest population, the largest economic and trade scale, and the most potential for development in the world. The continuous advancement of RCER will greatly increase the development space and opportunities of China's import and export trade. As China's import and export trade center, West Hongqiao will become the market focus in the next few years.

The National Convention and Exhibition Center is a joint project of the Ministry of Commerce of the People's Republic of China and the Shanghai Municipal People's Government. It covers an area of 1,290 acres, with a construction area of 1.47 million square meters and an exhibition area of about 500,000 square meters. It is currently the largest exhibition complex in the world.

The China International Import Expo is the world's first large-scale national exhibition with the theme of imports. It is a major move of the Chinese government to firmly support trade liberalization and economic globalization, and to actively open the market to the world. It promotes economic and trade exchanges and cooperation among countries in the world, enhances global trade and world economic growth, and facilitates the development of an open world economy.

Transport Planning ：Three-track Intersection  Perfect 3D Traffic

This area has multiple stations of three subways: Line 2, Line 17, and Line 23 (under planning). The construction of Line 2 Panxiang Road Station will further improve the rail transit network of the West Hongqiao business district.
In terms of ground transportation, besides the major resources of the Hongqiao comprehensive transportation hub, the traffic conditions in the West Hongqiao area are very convenient. Jiamin viaduct and Songze viaduct are conveniently connected to the Hongqiao transportation hub area. Xumin Road and Yinggang Road lead directly to the core functional area of Hongqiao business district. G50 and G15 are conveniently connected to the Jiangsu-Zhejiang and Yangtze River Delta areas.

Investment Strategy:Industrial Platform Cluster Strategy Platform Economy Taken as the Core

In terms of industrial development and investment strategy, the West Hongqiao business district implements an industrial platform cluster strategy, and vigorously promotes industrial development with the platform economy as the core.

After decades of development and vigorous investment in specific industries, West Hongqiao has gathered a large number of headquarters of leading enterprises in industries including state-owned enterprises, new energy vehicles, finance, trade and retail.
West Hongqiao currently stationed enterprises
State-owned enterprise - China National Nuclear Corporation's listed company headquarters
Financial enterprise - Yintech headquarters
One of the representatives of new energy vehicles - WM Motor Headquarters
National brand representative - Anta R&D and trade headquarters
Headquarters of leading companies in many industries:
CHC Navigation headquarters, Midea Group second headquarters, YTO Finance and Technology Headquarters, Megvii Technology R&D headquarters, China Power Investment Convergence Leasing Company headquarters, etc.
As the Great Hongqiao area develops fast, Transmit has intensively cultivated the area with its own profound knowledge and has successfully helped many outstanding enterprises to settle in Great Hongqiao.

In the future, Transmit will provide professional services for more high-quality and powerful companies to settle in West Hongqiao, and promote the high-quality development of the West Hongqiao area.