Shanghai to cut real estate transaction taxes

Shanghai has introduced preferential taxation measures, including unifying housing standards and cutting home transaction tax, to bolster the housing market.

Minhang unveils implementation plan to boost innovation zone

Minhang released an implementation plan on Nov 4 to bolster the development of its innovation zone that is linked with the Shanghai FTZ.

Shanghai unveils action plan to enhance financial sector competitiveness

Shanghai recently unveiled a new action plan to promote the five major areas of its finance sector. Focusing on serving major strategies and key areas, and addressing weak links, the plan puts forward 30 initiatives to enhance the city's competitiveness and strengthen its role as an international financial center.

Policy to promote high-quality development of chemical industry park

The Shanghai Chemical Industry Park has released a series of measures to promote high-quality development of the park on Aug 22.

Qingpu releases new policy to stabilize foreign trade, investment

In January 2024, the Qingpu District Commission of Commerce released the Implementation Opinion on Stabilizing Foreign Trade and Foreign Investment in Qingpu District.

Foreign access to value-added telecom services expanded

China's top industry regulator launched a pilot program on Oct 23 aimed at expanding access to value-added telecommunication services for foreign enterprises, with United States-based electric vehicle maker Tesla Inc among the first group of companies participating in the trial.

Lin-gang Special Area unveils new policy to support development of equity investment cluster

The policy aims to fully leverage equity investment in serving the real economy and promoting technological innovation, accelerate the establishment of a comprehensive financial service system for sci-tech enterprises throughout their lifecycle, and drive the integrated development of innovation, industry, capital, and talent chains in the area.

Improved guidelines for Shanghai's international business district

Introducing more foreign investment while facilitating domestic companies' outbound reaches are of equal importance to the development of Shanghai's Hongqiao International Central Business District, according to the set of new guidelines released by the municipal government on Friday.

Shanghai passes green building regulations

The Standing Committee of the 16th Shanghai Municipal People's Congress passed the Shanghai Green Building Regulations on Sept 27, marking a significant step towards sustainable urban development.

Shanghai to further optimize local property policies

Shanghai will further optimize local property policies to better meet people's living demand, including lowering the threshold for non-local buyers, reducing down payment for both first-time and second home purchases, and expanding VAT exemption during home trading.