Shanghai unveils updated reforms

Measures to cover building permits, commercial affairs, international trade

On the first working day after the Spring Festival holiday, the municipal government of Shanghai announced an updated reform plan to further enhance the city's business activity, showing the local regulators' resolve to improve the business environment in more areas with better results.

Shanghai Party secretary Li Qiang said at a meeting on Monday that the major task for Shanghai this year is to implement the three decisions on the development of Shanghai that President Xi Jinping elaborated in early November, which refer to the expansion of the China (Shanghai) Pilot Free Trade Zone, the launch of a science and technology innovation board at the Shanghai Stock Exchange and piloting a registration system for listed companies, as well as the integrated development of the Yangtze River Delta region. All these are important policies to improve the business environment of the city, he said.