SHANGHAI, Nov. 13 (Xinhua) -- Shanghai, China's financial hub and a popular foreign investment destination, hosted 1,060 regional headquarters of multinational companies and 631 foreign-invested research and development (R&D) centers as of September this year, latest data from the Shanghai Municipal Commission of Commerce showed.
Zhu Min, the commission's director, told a conference on Wednesday that the functional capabilities of these regional headquarters -- spanning investment decision-making, R&D innovation, financial management, procurement and distribution, and supply chain management -- have been continuously enhanced.
