PR90797

BEIJING, July 22, 2021 /PRNewswire=KYODO JBN/ --

Lin-gang Special Area, a new zone added to the China (Shanghai) Pilot Free

Trade Zone (FTZ) in August 2019, is forging ahead on all-around and high-level

opening-up.

Since its establishment, the special area has focused on building up an

investment and trade liberalization-centered rules system to boost opening-up.

In the future, where will the Lin-gang Special Area be heading for? Experts who

attended the 12th Symposium on Chinese Scholars and Shanghai Development in the

21st Century held in Shanghai on Thursday generally believed that the special

area shall continue to broaden opening-up and intensify stress testing to

construct a more influential and competitive special economic zone. Jointly

organized by Shanghai Chinese Overseas Friendship Association and Shanghai

Overseas Returned Scholars Association, the symposium is dedicated to depicting

the future of Lin-gang Special Area.

In the 14th Five-Year Plan period (2021-2025), Lin-gang Special Area will take

full advantage of its role as a testing field for reform and opening-up to

better participate in global cooperation and competition, said Zhu Zhisong,

member of the Standing Committee of CPC Shanghai Municipal Committee and deputy

managing director of Lin-gang Special Area Administration.

To better support the area, more talents and resources will be pooled from home

and abroad, vowed Zheng Gangmiao, member of the Standing Committee and head of

United Front Work Department of CPC Shanghai Municipal Committee.

Alongside application of the first batch of innovative business modes and debut

of innovative programs and businesses, the special area is linking up the

domestic and foreign factor market with improved efficiency.

By far, Lin-gang Special Area has piloted a series of financial innovation

measures such as facilitating cross-border RMB settlement for quality

enterprises, cross-border transfer of domestic trade financing assets and

one-off foreign debt registration, introduced Xie Dong, head of Shanghai

Municipal Financial Regulatory Bureau.

It also valued developing hardcore technology-driven industries. Currently, an

integrated circuit industry chain covering chip design, equipment and

materials, manufacturing, the third generation of semiconductor, and packaging

and testing has basically been in shape in the area.

Original Link: https://en.imsilkroad.com/p/322739.html

SOURCE: Xinhua Silk Road

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   Link: http://asianetnews.net/view-attachment?attach-id=396957

   Caption: Photo shows the 12th Symposium on Chinese Scholars and Shanghai Development in

the 21st Century held in Shanghai on July 15, 2021.