Introduction
With total planned area of 56.2 km2, Qingpu Industrial Park (QPIP) was established in 1995 as a municipallevel industrial park. It is located in Qingpu District in southwest Shanghai. It is 17 km to Hongqiao Airport and 45 km to Shanghai Port.
Qingpu is an administrative district of Shanghai Municipality. Its further development will be tightly integrated with that of Shanghai and the Yangtze River Delta. The Development Corporation of Qingpu Industrial Park is in charge of the planning, coordination and development in the park. It offers one-stop services to foreign investors.
Investment Climate
Many international companies have established operations in QPIP, including Dupont and Suzuka International from the United States, Hoechst A.G., BASF and CeDo from Germany, Yongji DTF and TLS International from Singapore, UFI Group and ISEA LORENZI from Italy, Fuji Electric, Sunny and Jentech from Japan, Happy Goal Inc. and HCP International from Virgin Islands. Industries which will be further promoted are electronics, information technology, biomedicine, fine, chemical engineering, new materials, precision instruments, green food and packaging.
Qingpu is an administrative district of Shanghai Municipality. Its further development will be tightly integrated with that of Shanghai and the Yangtze River Delta. The Development Corporation of Qingpu Industrial Park is in charge of the planning, development and coordination affairs of the park. It offers one-stop service to foreign investors.
The development of QPIP was relatively slow compared to other industrial parks in Pudong New District. This situation, however, has changed dramatically since 2002.
In March 2003, Taiwan Enterprises Industrial Park (Qingpu) was established within QPIP. The strategy adopted by QPIP is to utilize Taiwan enterprises to attract more investments. Some progress has been made since then. QPIP's? relatively low investment cost and great development potential have attracted the attention of foreign investors. QPIP has secured a few large IC projects and has become an important IC industry base in Shanghai. The secured projects include:
Hongmao Microelectronics (Shanghai)
Focusing on IC testing and packaging, Hongmao Microelectronics is invested by a Taiwanese company with planned total investment of USD 3.6 billion. USD 500 million will be invested in the first phase of development. Construction started in July 2002, and is expected to be completed by end-2004.
Shanghai Hanshenke
Shanghai Hanshenke is a semiconductor foundry invested by an American company with planned total investment of USD 3 billion. USD 500 million will be invested in the first phase of development. The whole investment plan includes one 12-inch fab and two 8-inch fabs. Shanghai Xuqing Semiconductor
To boost its export-oriented industry, Qingpu Export Processing Zone was set up within QPIP. Established in March 2003 with the approval of the State Council, Shanghai Qingpu Export Processing Zone, which has a planned area of 3 km2, is a special zone under the regulation of Shanghai Customs. It borders Tongsan National Road on the west, Youdun Port on the east and Beiqing Road on the south. In November 2003, Qingpu Export Processing Zone passed the examination of related authorities and started operations.
