Shanghai municipal government on Tuesday released new policy document on China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area, aiming to deepen high-quality reform and opening-up and promote high-quality development in the area.
The document contains 16 measures covering five aspects, including better collection and utilization of global high-end and new resources, building a science and technology innovation system with full chain and whole process, and organizing key industries with competitiveness in the international market.
"We will comprehensively enhance the international competitiveness of the data industry and stimulate the vitality of innovation in the financial industry, continuously optimize the resource layout to create world-class advanced industry clusters, accelerate the innovation and application of intelligent connected equipment, promote the clustering of professional services, and support the improvement of environmental opening up and infrastructure construction in Lingang New Area," said Chen Yanfeng, deputy head of Shanghai Municipal Development and Reform Commission on the press conference.
Officials also said that the Special Area will continuously strengthen measures to attract talents from home and abroad.
"In the next three years, we will create no less than 150,000 jobs. These jobs will mainly be in digital economy industries such as artificial intelligence and cross-border data services, high-end service industries such as technology finance, offshore finance and shipping services, and advanced manufacturing industries such as integrated circuits, intelligent new energy vehicles and civil aviation," said Chen Jinshan, secretary of the Party Working Committee and director of the management committee for Lin-gang Special Area.
Since its establishment in August 2019, the area's annual contribution of direct foreign investment has increased by 45.3 percent, while the annual import and export trade volume has grown by 37.5 percent. Nearly 110,000 companies have been registered in the area by far.