Shanghai vows to further expand opening-up

Source:Global Times Published: 2018/7/11 18:18:41

Shanghai issued 100 new measures Tuesday to make further efforts toward the city's opening-up. Zhou Bo, deputy mayor of the city, said that the new action plan focuses on international financial cooperation, intellectual property protection, industrial system optimization and new platforms to boost imports and improve the local business environment.

According to the plan, restrictions on foreign investment in the banking sector, securities and insurance will be relaxed. Foreign investments are also encouraged in sectors such as automobile, aviation and international shipping transportation.

The city will improve intellectual property protection by coordinating with the judiciary and introducing advanced international experiences and resources.

Posted in: PULSE

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