1. What the World Bank's Business Ready (B-READY) mainly assesses:

• Regulatory framework: Quality of regulations for immovable property lease and transfer, land administration, urban planning, building permits, environmental licenses, and other aspects.
• Public services: Availability, reliability, interoperability, transparency of information and other indicators of immovable property transactions, building permits, and environmental licenses.
• Efficiency: Time and cost to obtain a business location, including registering the transfer of immovable property, obtaining a building permit, and obtaining environmental clearance for construction.

2. Key points, cases, and relevant legal policies (Coming soon)

3. What efforts have been made in Shanghai:

• Learned from international common rules and advanced practices to consolidate and improve the reform measures in resource planning by "Integrating Multiple Approvals, Integrating Multiple Licenses, Integrating Multiple Surveying and Mapping Services, Integrating Multiple Acceptance Inspections".
• Established a unified approval and supervision system, a unified online approval management system, and a unified offline review and approval center.
• Implemented liability insurance for immovable property registration.
• Introduced the policy of "Getting the Certificate upon the Completion of the Project, upon the Delivery of Land-use Right, and upon the Delivery of the New House" in pilot places.
• Launched a section of "Obtaining a Business Location" on the official website of the Shanghai Municipal Bureau of Planning and Natural Resources.

4. What Shanghai has achieved:

• In Doing Business 2020 released by the World Bank, Shanghai scored 77 points on ease of dealing with construction permits, ranking 35th in the world, and 81 points on ease of registering property, ranking 28th globally.