[Video provided to english.pudong.gov.cn/chinashftz]

Check out the video on the Provisions of Shanghai Pudong New Area on the Registration and Confirmation System for Market Participants to take an in-depth look at the reform of the business system in this pioneering area.

In March 2022, certain provisions were implemented with the aim of easing market access and introducing new measures in the registration system. By the end of the same year, over 41,000 market participants had used the new system for registration purposes. These reforms have effectively reduced administrative interference, lowered transaction costs, and improved the overall business environment.