On July 18, 2023, BABC (China) was invited to participate in the 37th batch of regional headquarters and R & D centers for the regional headquarters and R & D centers of the Shanghai Foreign Investment Project. Shanghai Mayor Gong Zheng issued a certificate to the regional headquarters and R & D centers of the multinational company and witnessed the signing of the contract. The newly identified 31 multinational regional regional headquarters and 13 R & D centers were awarded a certificate; 77 foreign -funded projects were signed with a total investment, with a total investment of 10.24 billion US dollars.