Video: Lin-gang Special Area - a highland for foreign investment
The Lin-gang Special Area in the city of Shanghai, China, is located on the coast of the East China Sea and is the functional hub of coordinated development in the Yangtze River Delta region.
The Lin-gang Special Area will implement internationally competitive policies and measures for its opening-up to outside markets, to become a special economic area of global influence and competitiveness.
The area welcomes the entry of foreign capital into the public service sectors, such as education, healthcare, elderly care, culture, sports, industry park development and city operation. This will help create an ecologically sound and modern hub that is open, innovative, intelligent, suitable for living and favorable for industry development.
The Lin-gang Special Area enjoys enhanced autonomy with the reform and preferential policies of the Shanghai government – giving it the opportunity to pioneer major pilot reform measures. High priority will be given to policies for human resources, accounting, tax, finance, land planning, industry development, housing talented professionals, transportation and comprehensive urban services.
"Six + two" institutional innovations will be explored and implemented in the Lin-gang Special Area.
The "six" refers to free investment, free trade, free capital, free transportation and free mobility of practitioners – and quick and convenient flow of information.
The "two" refers an internationally competitive taxation system and a comprehensive risk management system.