Abstract: In this paper, the authors first give a short review of related literature on investment environment of industrial park. On the base of those, taking traditional and modern location factor into account, the authors construct the index system for evaluating industrial park from five aspects: location, hinterland sustainability, interior conditions, current scale and innovation ability. The five subsystems include sixteen evaluative factors, those of which are subdivided into forty indices. By means of principal components method, the authors figure out weight values. According to those values, the authors work out score of comprehensive evaluation. In the end, the authors overall analyzes and judge of the result of investment environment. In general, investment environment of industrial park almost equals to medium lever, each of investment environment of industrial park should be improved. but every subsystem which contribute to comprehensive score is diverse, the higher comprehensive score of industrial park, the more equivalent contribution to all subsystems. Especially in the aspect of innovation ability, all industrial parks are in insufficient, and needs to be improved later.

Key words: Shanghai industrial parks, investment environment, evaluation