The establishment of the Lingang New Area of the China (Shanghai) Pilot Free Trade Zone (hereinafter referred to as the new area) is a major strategic plan for further opening up made by the Party Central Committee with Comrade Xi Jinping at the core, taking the overall situation and making scientific decisions. It is a new era that demonstrates my country's adherence to all-round openness. An important measure to take the initiative to lead the healthy development of economic globalization. In order to thoroughly implement the spirit of General Secretary Xi Jinping's important speech during the first China International Import Expo, this plan is formulated to promote all-round and high-level opening up at a deeper level, in a wider field, and with greater efforts.
General 1. requirements
(I) guiding ideology. Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 19th National Congress of the Communist Party of China and the Second and Third Plenary Sessions of the 19th Central Committee, adhere to the new development concept, adhere to high-quality development, and promote economic development quality changes, efficiency changes, and power Changes, benchmarking against the internationally recognized most competitive free trade parks, select key areas that require national strategic needs, high international market demand, and high requirements for openness, but other regions do not have the conditions for implementation, implement open policies and systems with strong international market competitiveness, and increase the risk stress test of an open economy, To realize the convenience of overseas investment and operation, free entry and exit of goods, convenient capital flow, highly open transportation, free practice of personnel, and fast information connection in the new area, create special economic function zones with more international market influence and competitiveness, actively serve and integrate into major national strategies, and better serve the overall strategic layout of opening up.
(II) development goals. By 2025, we will establish a relatively mature institutional system for investment and trade liberalization and facilitation, create a number of more open functional platforms, gather a number of world-class enterprises, significantly enhance regional creativity and competitiveness, and significantly increase economic strength and total economic output. By 2035, we will build a special economic functional zone with strong international market influence and competitiveness, form a more mature and stereotyped institutional achievement, and create the core function of global high-end resource element allocation. it will become an important carrier for China to deeply integrate into economic globalization.
(III) planning scope. New areas will be set up south of Shanghai Dazhi River, east of Jinhui Port, Xiaoyangshan Island and south of Pudong International Airport. In accordance with the principle of "overall planning and step-by-step implementation", Nanhui New City, Lingang Equipment Industrial Zone, Xiaoyangshan Island, and the south side of Pudong Airport will be launched first, covering an area of 119.5 square kilometers.
The development and utilization of the new area must comply with laws and regulations such as land, uninhabited island use, ecological environment, urban and rural planning, and comply with the relevant requirements for the economical and intensive use of resources; support the reasonable and necessary use of the sea in accordance with relevant national regulations and procedures.
2. the establishment of an institutional system with investment and trade liberalization as the core
On the basis of the application of various open and innovative measures in the pilot free trade zone, support the new zone to focus on investment freedom, trade freedom, capital freedom, transportation freedom, and personnel freedom to promote investment and trade liberalization and facilitation.
(IV) the implementation of fair competition for investment and business facilities. Learn from the common practices of international free trade parks, implement a foreign investment security review system, increase opening up in key areas such as telecommunications, insurance, securities, scientific research and technical services, education, and health, and relax restrictions on registered capital and investment methods. Promote fair competition among various market entities. We will explore the trial implementation of the registration and confirmation system for commercial subjects, respect the civil rights of market subjects, and implement formal examination of documents submitted by applicants. In-depth implementation of the "separation of licenses and licenses" reform. Support the new area to strengthen the construction of international commercial dispute trial organizations. Allow well-known overseas arbitration and dispute resolution institutions to register with the judicial administrative department of the Shanghai Municipal People's Government and report to the judicial administrative department of the State Council for the record, and set up business institutions in the new area to carry out arbitration business in civil and commercial disputes in international commercial, maritime, investment and other fields, Support and guarantee the application and implementation of temporary measures such as property preservation, evidence preservation and behavior preservation before and during arbitration.
(V) implement high standards of trade liberalization. The establishment of a physical fence area in the new area and the establishment of the Yangshan Special Comprehensive Bonded Zone, as an important carrier for the internationally recognized and most competitive free trade zone, on the basis of the full implementation of the comprehensive bonded zone policy, eliminate unnecessary trade supervision, Licensing and procedural requirements, implement a higher level of trade liberalization and facilitation policies and systems. For goods arriving outside the physical fence area, explore and implement a regulatory model that focuses on safety supervision and reflects a higher level of trade liberalization and facilitation, improve the efficiency of port supervision services, and enhance the function of international transit hubs. Support the development of key industries with international competitiveness in the new area, and actively explore a suitable customs supervision system according to the business characteristics of enterprises. The relevant regulatory policies and systems shall be formulated separately under the leadership of the General Administration of Customs. Promote the liberalization of trade in services, accelerate the development of capital-and technology-intensive service trade in cultural services, technical products, information and communications, medical and health care, innovate cross-border e-commerce service models, and encourage cross-border e-commerce companies to establish international distribution platforms in the new area. According to the process of oil and gas system reform and industrial needs, we will study and give qualified enterprises in the new area crude oil import qualification.
(VI) implement a cross-border financial management system that facilitates the collection and payment of funds. Under the premise of controllable risks, in accordance with laws and regulations, learn from internationally accepted financial regulatory rules, further simplify the cross-border RMB business processing process of high-quality enterprises, and promote the facilitation of cross-border financial services. We will study and carry out pilot projects for the integration of local and foreign currency functions in free trade accounts, and explore the free inflow and outflow of capital and free convertibility in the new area. We will support enterprises in the new area to carry out cross-border financial activities in accordance with international rules and regulations, and support financial institutions to provide cross-border financial services such as cross-border bond issuance, cross-border investment and mergers and acquisitions, and cross-border capital centralized operation for enterprises and non-residents in the new area on the premise of compliance, risk control and commercial sustainability. The funds raised by enterprises in the new area from abroad, the funds raised by qualified financial institutions from abroad and the income obtained from the provision of cross-border services can be independently used for business and investment activities in the new area and abroad. Support qualified financial institutions to carry out cross-border securities investment, cross-border insurance asset management and other business. In accordance with the principles of overall national planning, service entities, risk control, and step-by-step advancement, capital account convertibility will be steadily promoted. We will first try measures to open up the financial industry to the outside world, actively implement measures such as relaxing the proportion of foreign ownership of financial institutions and broadening the business scope of foreign-funded financial institutions, and support qualified foreign investors to set up all kinds of financial institutions in accordance with the law. to ensure that Chinese and foreign financial institutions operate equally in accordance with the law. Authorized by the national financial management department, use scientific and technological means to improve the level of financial services and supervision capabilities, establish a unified and efficient financial management system and mechanism, and effectively prevent financial risks.
(VII) implement highly open international transportation management. Enhance and expand the function of global hub ports, strengthen exploration in coastal piggybacking, international ship registration, international navigation rights opening, etc., and improve the ability to gather and allocate international routes and cargo resources. Gradually liberalize the statutory survey of ships. Under the premise of ensuring effective supervision and controllable risks, domestic manufacturing ships registered in the "China Yangshan Port" for international transportation shall be regarded as exports and shall be given export tax rebates. Further improve the policies related to tax rebates at the port of departure, optimize the regulatory process, expand the effect of the implementation of the coastal piggyback policy for Chinese-funded flag vessels of convenience, and study the principle of reciprocity to allow foreign international navigation vessels to carry out foreign trade container coastal piggyback business with Yangshan Port as an international transit port. Promote Pudong International Airport and countries and regions along the "Belt and Road" to expand traffic rights arrangements, including the fifth traffic rights, and attract airlines from relevant countries and regions to open stop-and-go routes. Support Pudong International Airport to explore the aviation transfer business. With Yangshan Deepwater Port, Pudong International Airport and Luchao Port Railway Container Central Station as carriers, we will promote the sharing of maritime, air and railway transport information and improve the operational efficiency of multimodal transport.
(VIII) implement free and convenient personnel management.Relax restrictions on the employment of high-end talents in the modern service industry, and implement more open and convenient policies and measures in terms of entry and exit of personnel and permanent residence of foreign talents. Establish a work permit system for foreigners in the new area and a talent visa system. Qualified professionals in finance, construction, planning, design and other fields with overseas professional qualifications are allowed to provide services in the new area after filing. Their overseas working experience can be regarded as domestic working experience. In addition to national sovereignty and security, foreigners are allowed to apply for relevant vocational qualification examinations in the new area. Explore and strengthen technical cooperation in areas with high technical content, such as forensic toxicology and environmental damage. To provide more convenient visa and residence policies and measures for foreigners engaged in business, exchange, visit and other economic and trade activities in the new area. Formulate and improve policies and management methods for the introduction of overseas talents, and give overseas high-level talents such as scientific research and innovation leaders and teams a "green channel" for work permits and permanent or long-term residence procedures ". Explore the implementation of a quota management system for foreign personnel to provide more convenient services for foreign talents urgently needed by registered enterprises in the new area.
(IX) and implement the safe and orderly cross-border flow of international Internet data. Build complete international communication facilities, accelerate the construction of a new generation of information infrastructure such as 5G, IPv6, cloud computing, Internet of Things, and Internet of Vehicles, improve broadband access capabilities, network service quality and application levels in the new area, and build a safe and convenient international Internet Dedicated data channel. Support the new area to focus on key areas such as integrated circuits, artificial intelligence, biomedicine and headquarters economy, pilot security assessment of cross-border data flow, and establish data security management mechanisms such as data protection capability certification, data flow backup review, cross-border data flow and transaction risk assessment. We will carry out pilot projects of international cooperation rules, strengthen the protection of rights and data such as patents, copyrights and business secrets, and actively participate in leading global digital economy exchanges and cooperation.
(X) implement internationally competitive tax systems and policies. Special tax policies shall be implemented for goods entering the physical fence area from abroad, goods transactions and services between enterprises in the physical fence area. Expand the scope of application of the new area's service export value-added tax policy, and study the new area's tax policy to adapt to overseas investment and offshore business development. For eligible enterprises in the new area engaged in the production and research and development of core links in key areas such as integrated circuits, artificial intelligence, biomedicine, and civil aviation, corporate income tax will be levied at a reduced rate of 15% within 5 years from the date of establishment. Studying and implementing the policy of subsidizing the difference in the tax burden of individual income tax on overseas talents. Explore tax policy arrangements for pilot free trade accounts without leading to base erosion and profit shifting.
3. establish a comprehensive risk management system
Taking risk prevention and control as the bottom line, based on classified supervision, collaborative supervision and intelligent supervision, we will comprehensively improve the level of risk prevention and safety supervision.
(11) Strengthen supervision in key areas. Establish an integrated information management service platform covering the new area management agencies, industry authorities, enterprises in the area and related operating entities. Focus on key areas such as investment, trade, finance, network, ecological environment, cultural security, personnel entry and exit, anti-terrorism and anti-separatism, public ethics, and further improve management measures such as foreign investment security review, anti-monopoly review, industry management, user authentication, and behavior audit, Strengthen the application of information technology in risk research and prevention and control, establish a joint prevention and control mechanism, and implement strict supervision, precise supervision, and effective supervision. Establish a precise risk monitoring mechanism in special areas such as quarantine, origin, intellectual property rights, international conventions, and cross-border funds to achieve real-time risk monitoring and dynamic early warning management throughout the process.
(12) Strengthen credit rating management. We will improve the basic rules and standards for credit evaluation, implement the appropriate management of operators, and take credit rating as an important basis for enterprises to enjoy preferential policies and institutional convenience in accordance with the principle of "law-abiding convenience. Establish an active disclosure system and implement a system of disclosure of dishonest lists, market bans and exits. Improve the commercial registration cancellation system, and the registration authority may cancel the registration in accordance with the law if the registration is obtained by fraud, bribery and other improper means.
(xiii) Strengthening border security. High-standard construction of intelligent regulatory infrastructure, to achieve mutual recognition and sharing of regulatory information. Hold the "first line" of national security, "second line" economic and social security. Strengthen entry safety management and implement a "two-stage access" supervision model for goods entering the new area. For major emergencies or risks that are difficult to control after release, such as prohibition and control (nuclear, chemical, biological and chemical explosions, drugs, etc.), major epidemics, high-risk commodity safety, etc., and where there are clear requirements of laws and administrative regulations, "permitted entry" supervision shall be implemented in accordance with the law. Other risks such as non-high-risk commodity inspection and risk-controlled quarantine may be subject to "qualified entry into the market" supervision in accordance with the law.
4. the construction of an open industrial system with international market competitiveness
Give full play to the advantages of an open institutional system, promote the integration of international business, cross-border financial services, cutting-edge technology research and development, cross-border service trade and other functions, and strengthen the function of open economic agglomeration. Accelerate the transformation and upgrading of stock enterprises, and enhance the overall regional industrial energy level.
(14) Establishing frontier industrial clusters with key core technologies as breakthrough points. We will build a comprehensive industrial base for integrated circuits, optimize the whole-process bonded supervision model for imported materials, support multinational companies in setting up offshore R & D and manufacturing centers, and promote the development of key areas such as core chips, characteristic processes, key equipment and basic materials. Build a demonstration zone for artificial intelligence innovation and application, accelerate the opening up of application scenarios, and promote the development of new industries such as smart cars, smart manufacturing, and smart robots. Build a civil aviation industry cluster area, take large passenger aircraft and civil aviation engines as the core, accelerate the gathering of basic research, technology development, product development, test verification and other supporting industries, and promote the development of the whole aviation industry chain such as final assembly delivery, production supporting, operation and maintenance, cultural and tourism services, etc. Build maintenance and green remanufacturing centers for countries and regions along the "Belt and Road", establish a green certification and rating system, support the inbound maintenance and remanufacturing of CNC machine tools, engineering equipment and other products in the comprehensive bonded area, and enhance the international competitiveness of the high-end intelligent remanufacturing industry.
(15) Developing a new type of international trade. Build an Asia-Pacific supply chain management center, improve the systematic institutional support system for new international trade and international market investment and financing services, and attract headquarters-based institutions to gather.Develop cross-border digital trade and support the establishment of cross-border e-commerce overseas warehouses. Build an international medical service cluster area, support cooperation with overseas institutions to develop cross-border medical insurance products, and carry out international medical insurance settlement pilot projects. Qualified wholly foreign-owned enterprises are allowed to carry out global cultural art display, auction, trading.
(16) Building a high-energy global shipping hub. Support Pudong International Airport to build a world-class aviation hub, build an air cargo terminal with integrated functions of logistics, sorting and supervision, and build a regional aviation headquarters base and an international hub center for air express. Promote the full implementation of international passengers and their luggage through transport. We will build an international shipping supply service system and improve the comprehensive service capacity of ship and aviation supplies such as supply, maintenance, spare parts and fuel oil. Support domestic and foreign-funded enterprises and institutions to carry out services such as shipping financing, shipping insurance, shipping settlement, aviation material leasing, ship trading and shipping arbitration, explore the development of shipping index derivatives business, and enhance the function of high-end shipping services.
(xvii) Expanding cross-border financial service functions. Vigorously enhance the capacity of RMB cross-border financial services and expand the depth and breadth of RMB cross-border financial services. Support the development of RMB cross-border trade financing and refinancing business. TNCs are encouraged to establish global or regional fund management centres. Accelerate the development of aircraft, ships and other financial leasing business, encourage the development of environmental pollution liability insurance and other green financial business.
(18) Promote the integrated development of industry and city. Further broaden the channels for international high-quality capital and experience to enter education, medical care, culture, sports, park construction, urban management and other public service fields, strengthen the management of various infrastructure construction in the new area, and enhance the high-quality international urban service function.
(19) Strengthen collaborative innovation and development with the Yangtze River Delta. Support domestic and foreign investors to set up special funds for joint innovation in the new area, cooperate on major scientific research projects, and allow relevant funds to be used freely in the Yangtze River Delta region. Support private equity funds initiated by domestic investors abroad to participate in the financing of innovative technology enterprises in the new area, and those who meet the conditions can invest in the Yangtze River Delta region. Support the expansion of advantageous industries in the new area to the Yangtze River Delta region to form industrial clusters.
5. accelerate implementation
The new area is managed with reference to special economic zones. Relevant state departments and Shanghai should, in accordance with the requirements of the overall plan, strengthen the construction of the rule of law and risk prevention and control, earnestly safeguard national security and social security, and solidly promote the implementation of various reform pilot tasks.
(20) Strengthening the Party's leadership. Strengthen the "four consciousnesses", strengthen the "four self-confidence", achieve the "two safeguards", cultivate and practice the core values of socialism, and keep party building throughout the entire process of planning and construction of the new area, and take the party's political advantages, Organizational advantages are transformed into a strong guarantee for the comprehensive deepening of reform and opening up in the new area.
(21) Increase empowerment. Give the new area greater independent development, independent reform and independent innovation management authority, and authorize the new area management agency to independently carry out innovative business close to the market under the premise of controllable risks. All reform and opening-up measures in the new area, which involve the adjustment of existing laws or administrative regulations, shall be implemented in accordance with legal procedures after being uniformly authorized by the National people's Congress or the State Council.
(22) Drive a new round of reform and opening up in the Yangtze River Delta. Regularly summarize and evaluate the institutional experience of the new area in investment management, trade supervision, financial liberalization, talent flow, transportation management, risk control, etc., formulate a promotion list, clarify the scope of promotion and regulatory requirements, and promote the implementation in an orderly manner after approval according to procedures. Strengthen the linkage between the new area and the special customs supervision area and the economic and technological development zone to amplify the radiation-driven effect.
(23) Pay close attention to the organization and implementation. The relevant departments of the state have further delegated power to Shanghai and the central units in Shanghai, and supported and guided the formulation of relevant implementation rules in accordance with the overall plan.
Shanghai must earnestly fulfill its main responsibilities, build new areas with high standards and high quality, accelerate the formation of a mature and stereotyped system and management system, and better stimulate the vitality of market entities to participate in the international market. Report on major matters to the Party Central Committee and the State Council in a timely manner.
Source: Xinhua News Agency China Government Network