On the morning of August 18th, Shanghai Municipal Government held a press conference and introduced the general situation of reform and innovation at Lingang New Area since its establishment two years ago and the latest “Opinions on Supporting Independent Development, Independent Reform and Independent Innovation at Lingang New Area of China (Shanghai) Pilot Free Trade Zone” formulated by CPC Shanghai Municipal Committee and Shanghai Municipal Government. Zhu Zhisong, Member of the Standing Committee of CPC Shanghai Municipal Committee, Secretary of the Party Working Committee and Director of the Management Committee of Lingang New Area, Hua Yuan, Deputy Secretary-general of Shanghai Municipal Government and Director of Shanghai Municipal Development and Reform Commission, and responsible persons of Shanghai Municipal Commission of Economy and Informatization, Shanghai Municipal Commerce Commission, Shanghai Municipal Local Financial Supervision Bureau and the Management Committee of Lingang New Area were invited to attend, presented relevant information and answered questions from reporters. Zhang Hongtao, Chief Engineer of Shanghai Municipal Commission of Economy and Informatization, attended the press conference.
Mr. Zhang pointed out that:
In the past two years, the frontier industries at Lingang New Area have gathered and developed, and made gratifying achievements, reflecting the new growth pole of Shanghai's industrial development and the potential kinetic energy of the engine. Industrial investment highlights visibility. A total of 290 major industrial projects have been signed with a total investment of about RMB350 billion, of which the investment in integrated circuits, biomedicine and artificial intelligence exceeds RMB200 billion. At the same time, a number of key projects including aerospace, new energy vehicles, high-end equipment and other frontier industries have landed one after another. Industrial development has accelerated. In 2020, the industrial output of Lingang New Area exceeded RMB170 billion, a year-on-year increase of 40%. In the first half of this year, the industrial output increased by more than 80% year-on-year, and the industrial investment increased by 23% year-on-year, achieving strong and rapid growth. The policy supply also shows strength. With the support of relevant state ministries and commissions, Lingang New Area has implemented the support policy of enterprise income tax for key industries. Since its implementation, 106 enterprises in four batches have been listed in the preferential qualification list, and the first three batches have enjoyed tax reduction and exemption exceeding RMB270 million, which fully reflects the policy effect of special economic functional zones at Lingang New Area.
In the next stage, Shanghai Municipal Commission of Economy and Informatization, together with the Management Committee of Lingang New Area and relevant authorities, will support Lingang New Area to give full play to its "three independent advantages”, speed up the construction of an open and innovative industrial system, and build a strategic growth pole for Shanghai's industrial development. During the "14th Five-Year Plan", it will account for more than one-third of Shanghai’s manufacturing increment.
