Shanghai DRC Briefing of Foreign Investment Policy Update

2015-05-07 | Shanghai

Working closely with Shanghai Municipal Reform and Development Commission (DRC), EUCCC Shanghai organized a Briefing of Foreign Investment Policy Update for AC members on May 7. Mr. Guo Yu, Director of Department of Comprehensive Planning of National Economy and Department of Foreign Capital Utilization & Overseas Investment of Shanghai DRC, shared audience the new developments of the foreign investment regulations including 2015 Negative List and Further Deepening Reform and Opening-up Plan of Shanghai Free Trade Zone, Shanghai’s plan of building a sci-tech innovation center with global influence and the amended Foreign Investment Industrial Guidance Catalogue. Mr. Guo’s presentation was followed by a Q&A session. Representatives from various sectors spoke highly of Shanghai DRC’s efforts in further reform and opening-up and raised some common concerns from foreign investors, i.e., limited market access, complex administrative approval procedures, lack of coordination among different government departments, etc. At the end of the event, EUCCC (Shanghai) General Manager Ioana Kraft presented Mr. Guo the Shanghai Position Paper. Both sides agreed to build a regular and effective communication mechanism to share information and increase mutual understanding.