BEIJING, July 22, 2021 /PRNewswire/ -- Lin-gang Special
Area, a new zone added to the China (Shanghai) Pilot Free Trade Zone
(FTZ) in August 2019, is forging
ahead on all-around and high-level opening-up.
Since its establishment, the special area has focused on
building up
an investment and trade liberalization-centered
rules system to boost opening-up.
In the future, where will the Lin-gang Special Area be heading
for? Experts who attended the 12th Symposium on Chinese Scholars
and Shanghai Development in the 21st Century held in Shanghai on Thursday generally believed that
the special area shall continue to broaden opening-up and intensify
stress testing to construct a more influential and competitive
special economic zone. Jointly organized by Shanghai Chinese
Overseas Friendship Association and Shanghai Overseas Returned
Scholars Association, the symposium is dedicated to depicting the
future of Lin-gang Special Area.
In the 14th Five-Year Plan period (2021-2025), Lin-gang Special
Area will take full advantage of its role as a testing field for
reform and opening-up to better participate in global cooperation
and competition, said Zhu Zhisong, member of the Standing Committee
of CPC Shanghai Municipal Committee and deputy managing director of
Lin-gang Special Area Administration.
To better support the area, more talents and resources will be
pooled from home and abroad, vowed Zheng Gangmiao, member of the
Standing Committee and head of United Front Work Department of CPC
Shanghai Municipal Committee.
Alongside application of the first batch of innovative business
modes and debut of innovative programs and businesses, the special
area is linking up the domestic and foreign factor market with
improved efficiency.
By far, Lin-gang Special Area has piloted a series of financial
innovation measures such as facilitating cross-border RMB
settlement for quality enterprises, cross-border transfer of
domestic trade financing assets and one-off foreign debt
registration, introduced Xie Dong,
head of Shanghai Municipal Financial Regulatory Bureau.
It also valued developing hardcore technology-driven industries.
Currently, an integrated circuit industry chain covering chip
design, equipment and materials, manufacturing, the third
generation of semiconductor, and packaging and testing has
basically been in shape in the area.
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