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December 30, 2021

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Shanghai to adjust commerce policies to facilitate business

By Ding Yining | 00:00 UTC+8 December 30, 2021 | Print Edition

The latest pilot reform action plan that aims to enhance Shanghai’s business environment was made public by the city government yesterday.

The State Council last month issued a guideline making clear that pilot reform steps to improve the business environment will be rolled out in six cities — Beijing, Shanghai, Chongqing, Hangzhou, Guangzhou and Shenzhen.

A total of 172 reform measures were introduced in 10 sectors regarding the market environment, fostering innovative businesses, and full life-cycle enterprise service, according to Shanghai’s version of the guidelines.

“It’s a major opportunity to further elevate competitiveness and enhance competence in the business environment realm. We hope the city will become a forerunner on the international level within three to five years,” said Hua Yuan, the director of the Shanghai Development and Reform Commission.

“Shanghai aspires to be the city with the highest administrative efficiency, offers government service at the highest standards, and possesses the most complete rule of law system,” he said.

Several measures have been taken to further improve the business climate and stimulate the vitality of business entities.

The State Council guideline has set major goals and identified a number of administrative regulations that are to be adjusted.

Peng Yihao, deputy director of the commission, said the reform measures seek to take systematic initiatives instead of stand-alone actions and will also put business entities’ responses and concerns at the top of the priority list.

Shanghai’s one-stop service portal for administrative items has handled a total of 182 million items with a daily average of 300,000 items processed, according to Zhu Zongyao, deputy director of the Municipal Government Office.

More than 2.45 million enterprises, or over 95 percent of the city’s corporate entities, have registered on the online portal.

Shen Weihua, deputy director of the Shanghai Commerce Commission, said cargo throughput at the Shanghai port is expected to reach 47 million twenty equivalent units, and it will further upgrade an integrated import trade claim process to facilitate customs clearance procedures.

The newly released action plan also includes measures to further facilitate air cargo and rail freight transportation for cross-border trade.

It will further elevate the digital process for customs clearance procedures. Some of the digital solutions and smart customs clearance will be adopted by other regions in the country.

Shanghai will publicize its innovative solutions and breakthroughs of its policies when it achieves substantial progress after a few years.

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