China will introduce a series of pioneering integrated reforms at its pilot free trade zones to improve areas like trade, investment, finance and cross-border data flows, government officials said on Sept 27.
Innovations, high-standard opening-up set benchmark for other free-trade zones.
In 2013, the China (Shanghai) Pilot Free Trade Zone introduced the first negative list for foreign investment access. After seven revisions, the number of specific management measures has been reduced from the initial 190 items to the current 27.
Pudong New Area has been leveraging the scale of its financial industry and the openness of its financial sector to promote the innovative development of green finance.
Since the promotion of the "white list" system for special biopharmaceutical items, the number of enterprises incorporated into the "white list" has increased to 13, with 11 located in Pudong.
Shanghai will continue to tap into new technologies such as ChatGPT to enhance Government Online-Offline Shanghai.
At the forefront of China's reform and opening-up in the new era, Shanghai has become one of the country's most attractive hot spots for foreign investment.
Supportive measures released by policymakers in Shanghai have sent a clear signal to the city's development and will help global enterprises build a long-term outlook on investment in the city.