Shanghai Municipal Government Launched Version 2.0 Support Policies for the New Lingang Area on Aug. 20
The Shanghai Municipal Government launched the 2.0 version of the Lingang New Area Support Policy on August 20, formulating and introducing 40 initiatives to support the independent development, reform and innovation of the new Lingang Area. It is proposed that the new zone will implement a greater degree of stress testing in the financial sector, explore the construction of important investment and financing platforms with high display and leadership, accelerate the construction of international financial asset trading platforms, and explore new paths to enhance the influence of important bulk commodity prices; support the new zone to carry out a high-level opening pilot of cross-border trade and investment, and develop RMB offshore transactions based on the needs of the real economy.
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