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    Shanghai gets policy boost to promote intl RMB use

    Jul 21, 2021

    Chinese monetary authorities will support Shanghai to take a lead in the free use of renminbi and explore free capital inflow and outflow and free currency exchange in Lin-gang Special Area.

  • High-tech group gets IP pledge financing loan in Lin-gang

    Jul 14, 2021

    The Industrial Bank Shanghai Branch recently handled the Lin-gang Special Area's first intellectual property pledge financing for its corporate resident, Siebenhan (Shanghai) Offshore Equipment Technology Co Ltd.

  • UOB completes 1st China-Thailand cross-border capital pool in Lin-gang

    May 12, 2021

    United Overseas Bank (China) has recently helped Zhongshan Lianchang Spray Pump Co Ltd, or CLC Lianchang complete UOB's first China-Thailand cross-border renminbi capital pool business in Lin-gang Special Area.

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    Nation eases path for multinationals

    Mar 10, 2021

    For multinational corporations grappling with the coronavirus pandemic, China emerged as a silver lining to their balance sheets last year.

  • Lin-gang levies less taxing for companies

    Mar 9, 2021

    More tasks related to systematic innovation have been assigned to the Lin-gang Special Area.

  • Preferential VAT tax policy implemented in Yangshan bonded zone

    Mar 5, 2021

    Shanghai Integrated Logistics Management Co Ltd – a company based in the Yangshan Special Comprehensive Bonded Zone, under the jurisdiction of the Lin-gang taxation administration – recently obtained the first invoice for value-added tax exemptions for logistics and storage services in the area.

  • Shanghai to make big splash in NEV sector

    Feb 26, 2021

    New energy vehicle output will account for 35 percent of Shanghai's auto manufacturing industry and reach 350 billion yuan ($54 billion) by 2025, said a five-year action plan for the sector that was unveiled recently.

  • List announced of Lin-gang firms to getbreak

    Jan 29, 2021

    The Lin-gang Special Area in East China's city of Shanghai recently announced the first tranche of businesses in key industries that will benefit from a preferential corporate income tax.

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