Lingang is an important base for gathering talents from home and abroad to carry out international innovation synergy, an important hub for coordinating the development of onshore business and offshore business, an important springboard for enterprises to go for development and growth, an important channel for better utilization of two markets and two resources, and an important testing ground for participation in international economic governance. Lingang enjoys dozens of national and local preferential policies of national economic and technological development zones, and has perfect supporting facilities such as medical care, education, housing and transportation, providing the best support for enterprise development.
Located in the southeast corner of Shanghai, the Lingang area is situated at the intersection of the Yangtze River mouth and Hangzhou Bay, with Pudong International Airport to the north, Yangshan Deepwater Port to the south, and the Yangtze River Delta vast hinterland at the back, with obvious geographical location advantages. Recently, the State Council approved the establishment of the new Lingang Pilot Zone of Shanghai Free Trade Zone and issued a general plan. At present, integrated circuits, biomedicine, artificial intelligence, aerospace and other cutting-edge industries are accelerating to gather in the new zone.
According to the Overall Plan of the New Lingang Area, the new area of the Shanghai Pilot Free Trade Zone will implement a cross-border financial management system that facilitates the receipt and payment of funds. There are two main levels here ：
First, “the process of handling cross-border RMB business for high-quality enterprises will be further simplified by drawing on internationally accepted financial regulatory rules.”
Second, “provide cross-border financial services such as cross-border debt issuance, cross-border investment and mergers and acquisitions, and centralized operation of cross-border funds for enterprises and non-residents in the new zone.”
By 2025, the new zone will establish a more mature system of investment and trade liberalization and facilitation, create a number of functional platforms with higher openness, significantly enhance regional creativity and competitiveness, and significantly jump in economic strength and total economic volume.
By 2035, a special economic function zone with strong international market influence and competitiveness will be built, a more mature and established institutional outcome will be formed, a core function of global high-end resource factor allocation will be created, and it will become an important carrier for China’s deep integration into economic globalization.
The “new zone” is not simply an expansion of the original free trade zone, nor is it a simple transfer of existing policies, but a comprehensive, deep and fundamental system innovation changes. The country wants to realize “5 freedoms” in the “new zone”: freedom of investment, freedom of trade, freedom of capital, freedom of transportation, freedom of personnel, and the establishment of an institutional system centered on investment and trade liberalization.
Why invest in Lingang?
First, water transportation is convenient. The prosperity of a city is closely linked to the ease of transportation. The easier the flow of goods, the more developed the city, such as New York, the Netherlands, and Singapore.
Second, there is sufficient land reserve. Where there is vacant land, it means more possibilities, and compared to other areas, Lingang is more suitable for concentrated development. In these years, both developers and individuals have extremely high expectations for Lingang.
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