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Press Release for Media Briefing of the Shanghai Municipal Government on July 29, 2020 - July 30, 2020

The Information Office of Shanghai Municipality held a municipal government press conference today (July 29) during which Changning District Party Secretary Wang Weiren introduced the economic development


Press Release for Media Briefing of the Shanghai Municipal Government on July 23, 2020 - July 24, 2020

The Information Office of Shanghai Municipality held a media briefing today (July 23), during which Xu Jiong, deputy director of Publicity Department of the CPC Shanghai Committee and director of Shanghai


Press Release for Media Briefing of the Shanghai Municipal Government on July 14, 2020 - July 16, 2020

The Information Office of Shanghai Municipality held a media briefing today (July 14), during which GaoYun, secretary of the CPC Huangpu District Committee, introduced the recent development of the district regarding economic growth, urban renewal, people’s livelihood and social undertakings. Chao Kejian, deputy secretary of the CPC Huangpu District Committee and director of the district, Jin Shaojing, director of the Huangpu District Committee of Commerce, Gao Haozhong, director of the Huangpu District Construction Management Committee, and Xu Shujie, director of the Huangpu District Financial Service Office, attended the press conference and answered questions from reporters. Huangpu District, an economic, administrative and cultural hub in Shanghai, , is home to the birthplace of the Communist Party of China, as well as the Shanghai culture and national industry. In recent years, Huangpu District has delivered on the concept of “a city developed by the people and for the people”, by proactively shouldering the special mission and responsibility of the core urban area, fully promoting high-quality development, creating high-quality life, practicing high-efficiency governance, and constantly improving urban development capacity and overall competitiveness.As of the end of 2019, the GDP of Huangpu District reached 257.797 billion yuan, realizing the target of doubling the 2010 level a year ahead of schedule. The annual output per square kilometer was 12.563 billion yuan, and the economic density continued to rank first in the city. First, the district was firm and determined in bringing forward reform and innovation in various fields. It was actively adapting to the reform of the free trade zone and its new area, by formulating and promulgating “50 Measures to Expand Opening-up”, “20 Measures to Promote Foreign Investment” and “12 Measures to Support Foreign Financial Development”. The district has lured a batch of foreign financial institutions to settle down, including Nomura Oriental International Securities, the first newly established foreign-controlled securities firm, and ICBC AXA, the first joint-venture insurance asset management company. The district has actively engaged with the Shanghai Stock Exchange regarding the science and technology innovation board, by integrating high-end service industry resources in the district, exploring integrated service alliances, and providing a full range of services such as investment financing, market development, achievement transformation and public listings support for science and technology enterprises. The district took an active role in the overall integrated development in the Yangtze River Delta,by cooperating with China Capital Investment Group to set up a 10 billion-level Yangtze River Delta Science and Technology Development Fund, expanding cooperation with major cities in the Yangtze River Delta in the areas of industry, credit, pension, and market supervision, while actively promoting integrated development of financial services, professional services, business, travel and cultural sectors, and the fashion industry. The district made every effort to create a world-class comprehensive business environment,by continuing to enhance connotation of one-stop online government services, and accelerating administrative review and approval and revamping business processes. The processing period was further reduced by 76.7% from the pre-set level, the on-site processing rate rose to 34.6%, and 92.8% of the cases didn’t need a second visit. The district took a lead in the city to provide public servant themed services, exploring service modes such as “automatic handling without human intervention” and “approval within a second” to make it as convenient as “online shopping” for businesses and citizens. Secondly, the advantages of high-end service industry cluster were prominent. The high-end service industry was developing well, accounting for 76.9% of the total in the district. The district focused on building the core area to support the development of ??Shanghai International Financial Center by striving to improve the functions of the Bund Financial Agglomeration Belt to lure, expand and allocate resources. The district now has six national financial factor markets, 664 licensed financial institutions, and more than 1,200 financial and quasi-financial institutions. The financial market transaction value accounted for about three-fourths of the city’s total. The value added of the financial services industry exceeded 100 billion yuan, accounting for about one-sixth of the city’s total. A group of international, national and regional financial industry organizations such as CCP12 —the Global Association of Central Counterparties have settled down in Huangpu. The district has consolidated and expanded the advantages of the professional services industry,by gathering lots of leading global professional services companies in accounting, auditing, taxation, consulting, law, and human resources. They contributed a total tax of 9.144 billion yuan in 2019, accounting for 13.9%. The district promoted the booming development of the headquarters economy, building economy, and foreign economy.There are 52 regional headquarters of multinational companies in the district, and the total tax revenue of such enterprises accounted for nearly 40% of the total in the district, with the average tax contribution by each enterprise reaching about 130 million yuan. The district has 65 buildings with tax payment exceeding 100 million each, ranking third in the city. The total foreign-related tax revenue in 2019 was 27.975 billion yuan, accounting for 42.6%.