Representative of 33 firms receive certificates to set up their regional headquarter in Shanghai on Dec 7. [Photo/provided to chinadaily.com.cn]

The Certificating Ceremony of MNC's Regional Headquarters in Shanghai was held for the 26th time on Dec 7 where 33 firms received approval from local authorities to set up their regional headquarters in Shanghai.

Auto industry supplier KSPG (China) Investment Co Ltd, opto-electronic product supplier Lite-On Technology and semiconductor distribution industry service provider WT Microelectronics are three multinational corporations that achieved access to Shanghai's Hongqiao Central Business District (CBD) to establish their regional headquarters.

To date more than 700 enterprises have settled in Hongqiao CBD, among which 40 serve as regional headquarters. They have played a significant role in the development of the regional economy.

Featuring an advantageous location and a mature investment environment, the Hongqiao Central Business District is expected to attract more companies as it continues to develop.