政府新闻
中国将支持上海自贸区临港特别区扩大机构开放 2025-11-10
The Chinese government will go on supporting the Lingang Special Area, a key testing ground for economic and trade policies within the Shanghai Free Trade Zone, in exploring institutional openness, advancing deep reforms and driving high-quality development, according to China's vice commerce minister.
The Ministry of Commerce and the Shanghai government will continue to support the deep implementation of the pilot free trade zone enhancement strategy in Lingang, Sheng Qiuping said during a dedicated forum for the area held at the China International Import Expo in the city. They will carry out exploration in a broader range, deeper level, and greater intensity, in line with the evolving trends of global high-standard economic and trade rules, he added.
Lingang will promote a higher level of institutional openness and conduct more extensive stress tests for opening up to better fulfill its role as a "testing ground" for national reform and opening up, noted Chen Jinshan, director of the area's administrative committee.
To anchor to China's high-standard opening up, Lingang should focus on four key areas: deepening rule-based institutional innovation, improving the cross-border data governance system, building a new hub for global resource allocation, and enhancing institutional replication and promotion mechanisms, according to Zhou Hanmin, president of the Shanghai Public Diplomacy Association.
"The practice of Lingang shows that high-standard opening up is not simply about market openness, but a comprehensive upgrade of rule shaping, institutional supply and governance innovation," Zhou said, adding that this means China will transition from being a participant in globalization to a co-builder of global rules.
Efforts will be made to accurately grasp the demands and expectations of companies in the process of deepening openness to find the right direction for future institutional innovation and enable more market entities to share the dividends of open development, noted Lin He, deputy director of the institutional division of Lingang's administrative committee.
Lingang has signed 679 key projects in cutting-edge technology industries since it was set up six years ago, with the total investment exceeding CNY730 billion (USD102.5 billion), according to official figures. The average annual growth rate of the output value in the four cutting-edge industries of integrated circuits, biomedicine, artificial intelligence, and civil aviation reached 38 percent, with revenue in the software and information service sectors increasing at the same rate.
Source: Yicai Global
