Lingang woos firms with friendly policies

New FTZ area in Shanghai announces measures to attract emerging industries

Two months after the Lingang Special Area was included into the China (Shanghai) Pilot Free Trade Zone, the Lingang administrative committee announced 56 favorable measures on Friday to bolster the full life cycle development of emerging industries and build an open industrial system that will be competitive worldwide.

The Lingang administrative committee announced 10 supportive policies for four industries including integrated circuits, artificial intelligence, aerospace and biomedicine. Another 16 specific guidelines were introduced to incubate breakthroughs in core technologies and products, improve industrial capabilities, boost innovation ability and nurture an innovative industrial environment.