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Press Release for Media Briefing by the Shanghai Municipal People’s Government on August 30, 2019

September 02, 2019

The Information Office of the Shanghai Municipal People’s Government held a press conference today (August 30), where Executive Vice Mayor Chen Yin, who is also director of the Lingang Special Area Administrative Committee, introduced the newly released “Opinions on the Implementation of Preferential Policies to Boost High-quality Development of Lingang Special Area of the China (Shanghai) Pilot Free Trade Zone.” Vice Secretary-in-General of Shanghai and Director of the Shanghai Municipal Development and Reform Commission Ma Chunlei, Vice Secretary-in-General of Shanghai and Vice Director of the Lingang Special Area Administrative Committee Zhu Zhisong, Inspector of the Shanghai Municipal Finance Bureau Yuan Baiwei, Vice Director of the Shanghai Municipal Human Resources and Social Security Bureau Yu Chengbin, and Vice Director of the Shanghai Municipal Finance Supervision Bureau Li Jun also attended the press conference.

The launch of the Lingang Special Area under the China (Shanghai) Pilot Free Trade Zone is a strategic mission assigned to Shanghai by the Central Committee of the Communist Party of China. Lingang is required to be built into a special economic zone that has more international influence. It is an important carrier for Shanghai to further boost reform and opening-up as well as innovation-driven growth. Creating strategic space for Shanghai in its future development, Lingang has special missions to accelerate all-round and high-level opening-up. Shanghai has issued “Opinions on the Implementation of Preferential Policies to Boost High-quality Development of Lingang Special Area of the China (Shanghai) Pilot Free Trade Zone” (referred to as “Opinions” afterward) to carry out the CPC Central Committee’s decision with strengthening efforts on core areas and accelerating the new area’s high-quality growth with the city’s full capacity.

I. General considerations of the “Opinions”

First, it is to implement the national strategy, and the city should have more decision powers in detailed policies. The “Opinions” give support to urgent policies that the Lingang Special Area needs to create a policy framework together with the General Plan, which has laid a foundation for policies and mechanism for the area.

Secondly, it is to stick to the“Three Priorities” and represents special support. In principle, major reform initiatives will be trialed in Lingang in priority, policies to support the Pudong New Area in its further reform and opening-up will be implemented in Lingang in priority, and major projects, R&D platforms as well as infrastructure construction that fit into the growth of Lingang will be placed in the special area in priority. Meanwhile, policies released by Shanghai in the future that give more preferential support to businesses and talent will be implemented in Lingang on the principle of “choosing the best policies.”

Thirdly, it will focus on development priorities and reflect orientation. It is to focus on turning the new area into a special economic function zone with strong international market influence and competitiveness, and building a new modern city with innovation, intelligent ecology, integration of city and industries and livability. Upgrading the industrial level of the new area, attracting high-end talent and improving the function of urban services, "Opinions" will promote the "two agglomeration and one integration," which is to strengthen the agglomeration of the open economy of the special area, creates a highland of industries with core competitiveness; accelerates the gathering of talent at home and abroad in accordance with industrial development and creates a highland for talent with innovative vitality; promote the integration of industries and city, continuously enriches the service functions of cities, and creates a highland of quality life.

II. Main content of the "Opinions"

The "Opinions" focus on management authority, professional talent, finance and taxation, land planning, industry development, housing security, infrastructure, among others, shaping 50 measures. These policies are in line with the open system and special policies given to the special area by the central government, turning the new FTZ area into the “areas with the most concentrated resources, the most complete systems, and the most active market players.”

Giving the new FTZ area greater right to reform

Support the new FTZ area to set the highest standards, to boldly try, experiment and reform and formulate three policies from the perspective of pilot implement, policy support, and empowerment.

(2) Creating a more attractive development environment for talent

It will focus on attracting talent from home and abroad, and implement a more active, open and targeted policy to “attract, retain and give full play to people” for the new area. There are 12 policies, including 6 respectively for domestic and international talent. Policies for domestic talent focus on hukou (permanent residence) support and the cultivation of talent. Policies for international talent focus on creating convenient environment for foreign professionals to work in the special area.

(3) Strengthening the support of fiscal and taxation policies

According to the principle of “local financial resources retention and urban special support,” the local income generated by the FTZ new area within five years is all used by itself. Shanghai will comprehensively use fiscal funds, taxation, finance and social investment policies to provide financial support for the development of the new area, totaling eight policies.

(4) Increasing the support for land policy

Based on land planning, the city will optimize the spatial pattern of the special area and promote the efficient allocation of resources. Five policies have been formulated mainly on land planning, optimization of resource indicators, improvement of floor area ratio, and improvement of the platform's innovative service capabilities.

(5) Promoting the development of high-end industrial clusters

Shanghai will focus on the overall positioning of the the FTZ new area with innovation taking a leading role, build world-class, cutting-edge industrial clusters and enhance scientific and technological innovation and industrial integration capabilities. The city has worked out six policies covering major projects and platforms, new generation of information infrastructure layout, industrial Internet construction, opening of application scenarios, high-tech enterprise certification and patent services.

(6) Improving the housing guarantee for talent

Based on a market-oriented approach, the city will stick to the central government call that “houses are built for accommodation, not for speculation” and “implementing differentiated policies in different cities,” establish a regional housing system that places equal importance on sales and leasing with multi-suppliers and multi-channel guarantee. The city has introduced six policies covering optimized home purchase and housing guarantee policies to provide talent in the FTZ new area with a stable accommodation environment.

(7) Building a convenient transportation network

The city has introduced five policies covering the building of an integrated transportation system that is efficient, green and conveniently accessible and manageable.

(8) Enhancing urban service functions

Shanghai will stick to its people-oriented practice to better integrate its industrial and urban development, keep enriching the city's service functions, create high-quality lives for its residents, and build itself into a new generation of city that is suitable for both living and working. It has worked out five policies covering optimizing education and medical resources, promoting cultural and leisure activities, increasing commercial outlets, creating a green and ecological environment and strengthening refined urban management.

III. Next steps

With the introduction of strongly supportive and systematic policies, Shanghai aims to build the FTZ new area into a new reform and opening-up benchmark. For the next step, firstly we will focus on implementation. These supportive policies shall be implemented within the jurisdiction of the Administrative Committee of the Lingang New Area. If there are clear provisions in the overall plan, then they shall be implemented in accordance with relevant regulations. The administrative committee will be mainly responsible for the implementation of the supportive policies while various departments should actively cooperate. In principle, it is necessary to make a full implementation of these policies within the area with no interference from outside. Secondly, the city is to improve the efficiency of implementation. About 10 of the 50 policies require further detailed rules for implementation, such as special purpose development funds and tax support. Relevant departments will study and formulate relevant implementation rules as fast as possible so that enterprises can fully benefit from the supportive policies in a timely manner and enhance their sense of benefit. Thirdly, Shanghai is to track the impact of policies and make dynamic assessment. In the future, new policies launched by the municipal government will be generally applied in the FTZ new area and at the same time, policy evaluation will be strengthened and non-stop efforts will be made for continuous improvement.