Ever since its debut in 2019, Shanghai has issued a series of policies, covering a wide range of areas that included cutting-edge industries, innovative ecosystem, modern services industries, talent services and business environment, to help promote high-level opening-up and high-quality development of the Lin-gang Special Area of China (Shanghai) Pilot FTZ.

In the field of cutting-edge industries, efforts have been made to build industry clusters with a focus on “4+2+2” sectors. The “4” refers to the core industries of integrated circuits, biomedicine, civil aviation, and artificial intelligence. The “2” refers to the competitive industries of intelligent new energy vehicles and high-end equipment manufacturing in Lin-gang, while the second “2” refers to the future industries of green remanufacturing and hydrogen energy that are being prioritized in Lin-gang’s planning and layout.

The policy document “1+4” has been introduced to promote industrial development, specifically targeting the integrated circuits, artificial intelligence, biomedicine, and aerospace industries. This includes measures to support key technology research and development projects, with a maximum support amount of 30 million yuan ($4.19 million) for key projects and 50 million yuan for major technological breakthrough projects.

In terms of financial industry development, efforts have been made to attract financial institutions to settle in Lin-gang. Registered financial institutions, new types of financial institutions, and investment enterprises established in the form of companies with a certain amount of paid-in registered capital are eligible for corresponding settlement incentives, with a maximum incentive amount of 60 million yuan, 50 million yuan and 20 million yuan respectively.

In the field of commercial development, support is provided for newly built regional-level commercial center projects. Depending on opening time and occupancy rate, support of up to 30 percent of the actual investment amount is given, with a maximum support amount of 50 million yuan.

Efforts have also been made to promote innovative development in the Yangshan Special Comprehensive Bonded Zone by focusing on the development of new sectors such as bonded R&D, advanced manufacturing, inspection, maintenance, exhibition and trading, cross-border e-commerce, and offshore trade.

Source: fgw.sh.gov.cn