# Fuxing Island showcases Shanghai's innovation drive at IBLAC side event

- Link: https://www.thailand-business-news.com/pr-news/fuxing-island-showcases-shanghais-innovation-drive-at-iblac-side-event
- Published: 2026-10-12T12:49:00+07:00
- Author: PR Newswire

SHANGHAI, Oct. 11, 2026 /PRNewswire/ — A news report from[ _english.shanghai.gov.cn_](https://english.shanghai.gov.cn/)

[⌊The guests tour one of the booths at the event.⌉⌊The guests tour one of the booths
at the event.⌉[
The guests tour one of the booths at the event.

The side event of the 38th International Business Leaders’ Advisory Council for 
the Mayor of Shanghai (IBLAC) meeting, themed "Innovation Meets in Yangpu, A New
Chapter Begins for Fuxing Island", was held on Shanghai’s Fuxing Island on Oct 10.

About 100 guests from around the world attended, touring development projects on
the island and learning about the innovative achievements of Chinese companies in
fields including artificial intelligence, manufacturing, culture, and entertainment.

Jurgen Tinggren, chairman of Bekaert, highlighted new digital capabilities, developments
in robotics, and the craftsmanship of new brands.

"I think Shanghai is nearly an exemplary city," Tinggren said. He also praised the
willingness of its people to learn about developments elsewhere and find ways to
connect.

Several foreign business leaders and executives said they were deeply impressed 
by Fuxing Island’s development. Among them was Stefan Borgas, chief executive officer
of RHI Magnesita, who first visited the island in 1991 and was struck by how much
it had changed.

Borgas described Shanghai as "one of the best places to innovate," citing the curiosity
of its people, substantial funding, infrastructure, and cooperation among companies.

Arnd Franz, chief executive officer of MAHLE GmbH, said affordable technology would
have a transformative impact on economic growth worldwide and that working with 
China and in China would be important for global innovation and growth.

Franz said he was interested in the automotive sector, particularly growth opportunities
for companies capable of scaling up manufacturing.

The guests also looked ahead to the meeting on Oct 11, expressing expectations for
in-depth discussions on service-sector innovation and the development of international
companies in Shanghai.

IBLAC was founded in 1989, when 12 members from eight countries attended its inaugural
meeting, providing suggestions for Shanghai’s development. It has since served as
an advisory body of global business leaders for the city’s development. One of its
early contributions came in 1991 with the development of the Yangshan Deep-Water
Port.

IBLAC has now expanded to 42 members, along with 11 honorary members.

Click the link below to read the original article:

[https://english.shanghai.gov.cn/en-IBLACShanghai2026/20261011/a398006652f14644b5eac6e8ac928e53.html](https://english.shanghai.gov.cn/en-IBLACShanghai2026/20261011/a398006652f14644b5eac6e8ac928e53.html)

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