Shanghai has introduced some measures to increase the attraction and utilization of foreign capital and promote the stable scale and quality of foreign trade.

　　Today (4th) morning, the Shanghai Municipal Government held the first press conference of the theme series "Building a First-class Business Environment, Serving and Building a New Development Pattern", introducing the relevant contents of "Several Policies and Measures for Promoting the Stable Scale and Improving the Quality of Foreign Trade in Shanghai" and "Several Measures for Increasing the Attraction and Utilization of Foreign Capital in Shanghai".

　　It is understood that Shanghai resolutely implements the deployment of the CPC Central Committee and the State Council, and always takes high-quality foreign trade and foreign investment as the top priority. In recent years, it has successively issued several rounds of policies to stabilize foreign trade and foreign investment, and achieved positive results. The function of the trade hub has been further enhanced, and the position of the first choice for foreign investment has been further consolidated. In 2022, both the import and export of goods and the actual use of foreign capital in the city reached record highs. The import and export of foreign trade in the city was 4.19 trillion yuan, an increase of 3.2%, exceeding 4 trillion yuan for two consecutive years; The actual use of foreign capital was US$ 23.956 billion, which remained stable at over US$ 20 billion for three consecutive years. Since the beginning of this year, Shanghai’s foreign trade and foreign investment has achieved steady growth, showing strong development resilience. 1— In February, the import and export of goods in the city was 681.56 billion yuan, an increase of 0.7% on the basis of high base and high growth rate in the same period last year; The actual use of foreign capital was 4.961 billion US dollars, an increase of 18%; Eleven regional headquarters of multinational corporations and five foreign-funded R&D centers were newly established, reaching 902 and 536 respectively.

　　In order to further consolidate the stable trend of foreign trade and foreign capital, at the same time, actively respond to various challenges faced by the complex external situation and continue to promote the high-quality development of foreign trade and foreign capital, Shanghai has formulated and formed "Several Policies and Measures for Promoting the Stable Scale and Quality of Foreign Trade in Shanghai" and "Several Measures for Increasing the Attraction and Utilization of Foreign Capital in Shanghai".

　　"Some Policies and Measures for Promoting the Stable Scale and Quality of Foreign Trade in Shanghai" focuses on promoting the stable scale of foreign trade, promoting transformation, expanding the market and improving the environment, and mainly puts forward 21 measures in four aspects.

　　First, promote the steady growth of foreign trade scale.Focus on key enterprises and products, and increase support in customs clearance, finance and tax refund. Mainly put forward: support electromechanical and high-tech products enterprises to expand diversified international markets. Medical device products with "two ends outside" can enter the special customs supervision area or bonded logistics center without Chinese label. Encourage the expansion of imports of key energy minerals and important agricultural products. The Export-Import Bank Shanghai Branch set up a special credit line of 10 billion yuan for small and micro foreign trade enterprises. The annual underwriting scale of China Xinbao Shanghai Branch is not less than US$ 50 billion.

　　The second is to promote the innovation and development of foreign trade., increase innovation support, promote the development of new formats and new models, and release new kinetic energy for foreign trade development. Mainly put forward: accelerate the third phase expansion of Yangshan Special Comprehensive Bonded Zone, and study the expansion of Yangshan Special Comprehensive Bonded Zone to the release port. Support enterprises to carry out cross-border e-commerce retail import of drugs and medical devices. Accelerate the pilot supervision of remanufactured products according to the import of new products. Support the cross-currency payment and receipt of offshore trade settlement by banking institutions. Actively and steadily carry out bonded oil filling business for international navigation ships in Shanghai anchorage.

　　The third is to support the development of diversified markets.With the in-depth implementation of RCEP as an opportunity, support enterprises to explore the international market. Mainly put forward: hold the offline exhibition of East China Import and Export Fair, and organize more enterprises to participate in the offline exhibition of Canton Fair. Increase the support for enterprises to participate in overseas key exhibitions. Strengthen the cultivation of approved exporters and guide enterprises to make good use of the facilitation measures of independent declaration of origin. Build a comprehensive service platform for overseas warehouses. Encourage cross-border trade in goods to give priority to RMB settlement.

　　The fourth is to optimize the business environment of cross-border trade.Around the border and post-border measures, we will increase the protection of public services in foreign trade and economic cooperation. Mainly put forward: support compliance enterprises to apply for general licenses for specific dual-use items. Expand the business of different cargo terminals in the Yangtze River Delta region. Support enterprises to deal with overseas intellectual property cases. Expand the business scope of WIPO Arbitration and Mediation Shanghai Center. Support overseas arbitration institutions to set up business institutions in Shanghai.

　　"Several Measures for Shanghai to Increase Attracting and Utilizing Foreign Capital" focuses on promoting the expansion of foreign capital, stabilizing the stock and improving the quality, and mainly puts forward 20 measures in four aspects.

　　The first is to promote high-level opening up.Focus on key areas and regions, and improve and expand the level of opening up. Mainly put forward: support foreign securities, funds, futures, personal insurance, pension management, wealth management, financial companies to take the lead in settling in Shanghai. Encourage more qualified international container liner companies to carry out pilot coastal piggyback business. Actively strive for measures to expand opening up in the fields of telecommunications, Internet, education, culture and medical care. Docking high-standard international economic and trade rules, taking the lead in promoting institutional opening of rules, regulations, management and standards. Promote Hongqiao International Central Business District to explore measures to expand opening up in the fields of digital trade, financial services, information services and exhibition services.

　　The second is to raise the level of introducing foreign capital.Focusing on supporting and guiding foreign investment in high-end manufacturing, modern services, high-tech and energy-saving and environmental protection industries, we will improve the quality of foreign investment utilization. Mainly put forward: support foreign-funded enterprises to enjoy all kinds of industrial policies, technological transformation and digital transformation on an equal footing. Eligible headquarters enterprises can enjoy funding and rewards according to laws and regulations. Implement the national tax policy for scientific and technological innovation. Encourage foreign investors to set up an open innovation platform and promote the establishment of collaborative innovation projects of foreign R&D institutions. Support more high-energy first stores and new products to settle in Shanghai. Support foreign-funded enterprises to participate in the research and development, promotion and application of green and low-carbon technologies.

　　The third is to increase the support of foreign investment development factors.Put forward support or facilitation measures around finance, taxation, finance, personnel exchanges, import and export, etc., and promote the landing of foreign-funded projects. Mainly put forward: strengthen the special class of foreign-funded projects and the service mechanism of commissioners. Support all districts to reward foreign-funded enterprises, new foreign investment projects and profit reinvestment projects of foreign-funded enterprises that meet the industrial development orientation of Shanghai. Broaden the channels for foreign investment of QFLP funds on a city-wide basis. Expand the scope of identification of foreign high-end talents (Class A) and foreign professionals (Class B). Provide entry, exit and residence convenience for senior executives of foreign-funded enterprises, foreign technicians themselves and their families.

　　The fourth is to optimize foreign investment services.Focusing on strengthening investment promotion services, protecting legitimate rights and interests and creating a good investment environment. Mainly put forward: to carry out "investment in Shanghai" domestic and foreign investment promotion activities. Hold a round table meeting on communication between government and enterprises, and establish a docking mechanism for commissioners of foreign business associations in Shanghai. Expand the function of Shanghai’s foreign investment promotion service platform and provide multilingual services. Realize the online processing function of high-frequency matters such as entry and exit, work permit and so on for foreigners outside the foreign-related service special window in Chinese and English. Smooth the complaint channels of foreign-funded enterprises. Ensure that foreign-funded enterprises participate in government procurement on an equal footing. Strengthen the construction of a rapid collaborative protection mechanism for intellectual property rights.

　　In the next step, Shanghai will focus on promoting the accurate release of policy dividends, direct access to enterprises, and implementation, maximizing the policy effect and boosting Shanghai’s foreign trade and foreign capital to continue to achieve higher quality development under the new situation.

　　(Headquarters reporter Weasion Wei Cheng Yulin)