Seminar on Shanghai’s Implementation Rules of the State Council Circular No. 5

2017-05-23 | Shanghai

During this seminar, Ms. Liu Zhaohui, Director of Foreign Investment Administration Department of Shanghai Municipal Commission of Commerce, presented the Chamber members the Opinions of Shanghai Municipal People’s Government on Further Opening up and Accelerating the Pace of Building a New Economic System Based on Openness (Hufufa Circular No. 26), a local implementation rule of the State Council Circular No. 5. Ms. Liu’s presentation highlighted the Shanghai Government efforts in creating a level playing field for both domestic and foreign companies, which includes encouraging foreign investment in advanced manufacturing industries, supporting foreign-invested enterprises (FIEs) to take part in infrastructure projects, supporting the FIEs to carry out R&D and to take part in government-planned science and technology projects, supporting land use for industrial use, and supporting high-level foreign talents to engage in entrepreneurial activities by removing age limit for scientific and innovative occupations, etc. The presentation was followed by an active Q&A session with over 40 participants.