Fengchuang Valley is a Science & Technology Innovation Base and key agglomeration of service industry built by Shanghai Industrial Comprehensive Development Zone (SICDZ). It is located at No.1588 Shanghai-Hangzhou Highway with a land area of around 8.24 acres and land property of C65. Its total construction area is 100,000 square meters including a 13-floor building, and a L-shaped complex with 12-floor and 8-floor sections, total height being 59.85 meters, which is Grade-I High Building.
In 2018, the government has published the 《China Development Zone Announcement List 2018》. According to the List, there are 2543 Development Zones in China, including 552 National Development Zones and 1991 Provincial Development Zones. A total of 20 National Development Zones in Shanghai are also included in the list, among which 6 are National Economical and Technological Zones, 2 are National High-Tech Development Zones, 10 are National Customs supervision Zones and also 2 other Zones
On February 8, 2020, Shanghai government launched the 28 measures to encourage enterprises during the epidemic, and has highlighted the fact that all foreign-funded enterprises will enjoy identical treatment as local businesses. Shanghai will ensure support for all domestic and foreign businesses in the city during the fight against novel coronavirus pneumonia.
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