Xinhua Silk Road: Broader opening-up underway in Shanghai FTZ's Lin-gang Special Area
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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Caption: Photo shows the 12th Symposium on Chinese Scholars and Shanghai Development in
the 21st Century held in Shanghai on July 15, 2021.
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