According to statistics, in the first quarter this year, the tertiary industry exceeded 70% of foreign investment attracted and solicited in Shanghai for the first time. Among them, modern service industries increased sharply by 1.9 times year-on-year as represented by finance and logistics. From Jan. to March this year, Shanghai approved 861 foreign-invested projects and attracted contractual foreign investment of USD3.772b, up by 18.8% year-on-year. And actual foreign investment in place exceeded USD2.2b, up by more than 10% year-on-year. Foreign-invested projects with increase of investment centralized in financial service, wholesale and retail business while newly approved large projects in transportation, warehouse and postal business, lease and commercial business and real estate. The actual percentage of the tertiary industry among the attracted and solicited foreign investment was 71.2%. From Jan. to March contractual foreign investment of financial service projects approved by Shanghai amounted to USD200m.