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November 20, 2017

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Create own entrepreneurial ecosystemFrom B1

CHANGNING is busy renovating all around the district. To the east of the Inner Ring Road, jobs mainly focus on the protection of historic blocks along Xinhua Road, Yuyuan Road and Hengshan-Fuxing roads. The district has around 250,000 square meters of old residential buildings where people still share kitchens and toilets. These buildings will be renovated for use by 2020, while some others are to be set aside for residents’ activity centers and public venues. The renovation project will also target more than 500,000 square meters of historic buildings within the district.

Changning’s economic future will focus on aviation, Internet plus life service and fashion and creative industries. Hence, cadres in Changning are required to be quick learners and understand the operation of enterprises and the pattern of economic development so as to better fulfill their duties.

As part of Changning’s institutional innovation, the downtown district has issued the city’s first batch of business licenses that allow companies, including those from abroad, to operate in multiple addresses across the city. Thanks to the “one license with more addresses” trial scheme, firms based in Changning, especially Internet startups, will be able to expand more rapidly.

Meanwhile, residents will get easier access to more outlets and service stations of these companies near their communities. The “multiple addresses” under a single license include the companies’ delivery and reception stations, warehouses and after-sales service sites. Under the scheme, Changning-based companies with multiple outlets or branches do not need to apply for multiple licenses for each as is the case elsewhere in the city.

Changning also spontaneously replicates and expands some policies initiated by the China (Shanghai) Pilot Free Trade Zone in line with its own industrial structure. The district is creating a business friendly environment, particularly focusing on the security and rule of law, to optimize government administration and services, according to Wang.

“Changning has nearly 30 incubators at present. Around 80 percent of the startups from them later develop into enterprises and more than 70 percent of them start paying taxes very rapidly,” Wang said.

Changning supports innovation and entrepreneurship with preferential policies, education and an atmosphere aimed at putting entrepreneurs on the right track.

Communities, campuses and industrial parks have become three pillars of innovation and entrepreneurship in Changning, particularly as the district plans to create its own entrepreneurial ecosystem through joint development and communication.


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