A Savills delegation led by global CEO Mark Ridley met with key government officials headed by Hang Yingwei, Governor of Pudong New Area, Deputy Secretary General of Shanghai municipal government, other government officials included Wang Hua, Vice Governor of Pudong New Area, Liu Qingyu, Director of District Office, Xin Yaqin, Director of District Commerce Committee, Guo zhiying, Deputy director of Lujiazui Financial Development Burea on June 24th, 2019. Other key members of the delegation included Robert McKellar, Executive Chairman of Savills Asia Pacific, Siu Wing Chu, Managing Director of Savills Central China and Peter Chan, COO of Savills China.
This meeting was the first thing on Mark Ridley’s agenda during his first China visit since he became the new global CEO of Savills.
At the meeting, Mark Ridley first introduced Savills’ achievements in China’s real estate market over the past two decades and extended his gratitude for the strong government support in Pudong. The two parties then exchanged thoughts on the development of Pudong New Area, China (Shanghai) Pilot Free Trade Zone and enterprises in Shanghai.
Two Decades of Shared Adventures
Hang Yingwei, Governor of Pudong New area said: “Savills is one of the earliest corporates to invest in Pudong. It has enjoyed very good development in Pudong since its first presence in 1995 and contributed a lot to the planning and development of Lujiazui area. Now Savills is actively participating in the planning of Qiantan CBD area.
We see that Savills is everywhere. You have made your mark on many landmark projects in Pudong — Shanghai Tower, WFC, Jinmao Tower, IFC, to name a few.”
Mark Ridley, CEO of Savills plc said: “It’s a great pleasure to be here to meet you and to see Pudong.
This is my first visit to China since I became Savills global CEO six months ago.
We have 9,000 people now in China in 18 offices. Outside of China, we have 36,000 people in over 600 offices.
Another important expertise of Savills is that we cover all sectors in real estate market, which is important when you look at redevelopment and mixed-use opportunities.
We also have very dedicated development consultancy, transactional as well as management services. I’m pleased to say we are the market leader across UK and Europe, we are growing fast across American markets, and we have terrific expertise of many years within that Asia Pacific region.”
Creating Greater Value in Pudong
Hang Yingwei said: “Pudong is at the forefront of China’s reform and opening-up.
Pudong has maintained a good momentum in its development. Pudong’s economy has reached some milestones. In 2018, GDP exceeded RMB1 trillion, while import & export value and retail sales rose above RMB2 trillion and RMB4 trillion respectively.
Pudong takes up one-fifth of the total area of Shanghai and a quarter of its population, yet it accounts for one-third of the city’s economy, 50% of its financial added value, and 60% of import and export value.
Pudong is a very international place. It is the very first pilot free trade zone in China. We have stepped our efforts to create a more international, better regulated and business-friendly environment, providing an equal and highly efficient market for our companies.
As we enter a new era, Pudong will be ever more international. At present there are 311 multinational headquarters and 236 foreign R&D centres in Pudong.
Savills has been a key contributor during this process. You have helped bring in a large number of foreign companies and investors.
We will continue to support the development of Savills in the future and seek further cooperation in sectors of smart city, smart building and in terms of property management and asset management.”
Mark Ridley said: “I’m very excited by what I am seeing here.
I hope we can do more together to promote further opportunities in Pudong.
It is very important that we can communicate what is going on here to all our global clients. We have a vast array of clients including corporates and investors. I will make sure we continue to promote Pudong by using our business expertise. Our job is to make sure that we inform our international colleagues and clients of what is going on here, whether in retail, finance or other commercial activities.”
Upgrading Business Environment
Wang Hua, Vice Governor of Pudong New Area said: “There are more than 100,000 foreigners in Pudong. As Pudong further improves its appeal and competitiveness, foreign companies and senior management professionals are increasingly in demand.
We sincerely hope that under your leadership, Savills can enjoy an even brighter future in Pudong and all across China.” Robert McKellar, Executive Chairman of Savills Asia Pacific said: “Shanghai is the leader of Yangtze River Delta integration and, in the near future, will become the financial centre of Asia.
Pudong is at the centre of Shanghai’s development, which makes it an attractive place for us and foreign companies in general.”
The meeting was concluded with a gift exchange. Hang Yingwei presented a leaf art with an engraved panoramic view of Pudong Lujiazui, hoping that Savills will make continued contribution to further developing the free trade zone and China’s real estate market. Mark Ridley presented a porcelain plate with the element of British traditional culture to Pudong government.