The Standing Committee of the Municipal People's Congress held a meeting to listen to the report on the enforcement inspection of the regulations of the Free Trade Pilot Zone and the Lingang New Area, and held a report on the regulations of the China Free Trade Pilot Zone Lingang New Area

Release time:Apr 14, 2024 07:58 AM

The fourth meeting of the Standing Committee of the 16th Municipal People's Congress was held yesterday and listened to reports on inspecting the implementation of the "Regulations on China Pilot Free Trade Zones" and the "Regulations on China Pilot Free Trade Zones Lingang New Area" in this city.

This year marks the 10th anniversary of the establishment of China's Pilot Free Trade Zone. In order to deeply summarize the ten-year construction experience of Shanghai Pilot Free Trade Zone, deepen integrated reform and institutional opening up, and promote the construction of Shanghai Pilot Free Trade Zone and Lingang New Area to a new level, the Standing Committee of the Municipal People's Congress organized a law enforcement inspection of relevant regulations. The law enforcement inspection report pointed out that since the implementation of the two regulations, they have led the reform, innovation and development of the Shanghai Pilot Free Trade Zone and the Lingang New Area, basically formed an investment management model that is in line with international prevailing rules, established a trade supervision system that complies with high standard trade facilitation rules, continued to promote high-level opening up in the financial sector to the outside world, and continuously optimized the legal, market-oriented, and international business environment. The report also proposes opinions and suggestions on conducting pressure tests against international high standard economic and trade rules, continuously improving the level of opening up to the outside world, strengthening legal protection, and assisting the high-quality development of Shanghai Pilot Free Trade Zone and Lingang New Area, taking into account existing problems.

The meeting heard reports on the review results of the Shanghai Soil Pollution Prevention and Control Regulations, Shanghai Several Provisions on Promoting Standardized and Innovative Development in Pudong New Area, and Shanghai Several Provisions on Promoting Financial Leasing Development in Pudong New Area, and reviewed relevant draft regulations; We have listened to the explanations and interpretations of the Shanghai Patriotic Health and Health Promotion Regulations and the Shanghai Seed Regulations, as well as relevant review reports; Heard the explanation on the Several Provisions of Shanghai on Promoting Data Circulation and Trading in Pudong New Area; We listened to the report on the comprehensive law enforcement inspection on the implementation of the strategy of revitalizing the country through science and education, and enhancing the ability of scientific and technological self-reliance and self-improvement; We have listened to and deliberated on the proposal of the Shanghai Municipal Government on the management of government debt in 2022, the allocation of government bond quotas in 2023, and the adjustment plan for the municipal budget, as well as the report on the review results. We have passed the resolution on approving the Shanghai Municipal Budget Adjustment Plan for 2023. The meeting also reviewed and voted on the report on the qualifications of individual representatives.

Zheng Gangmiao, Vice Chairman of the Standing Committee of the Municipal People's Congress, presided over the meeting, and Vice Chairpersons of the Standing Committee, including Zhou Huilin, Zongming, Chen Jing, Zhang Quan, and Xu Yisong, attended the meeting. Vice Mayor Huayuan, leaders of the Municipal Supervision Commission, Municipal High Court, and Municipal Procuratorate attended the meeting as non voting delegates.

The full text is here. The "Several Provisions of Shanghai on Promoting the Development of Financial Leasing in Pudong New Area" will be implemented from October. | Medical Devices | Shanghai Municipality
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The Provisions of Shanghai Municipality on Promoting the Development of Financial Leasing in Pudong New Area, which were adopted at the 4th Session of the Standing Committee of the 16th Shanghai Municipal People's Congress on July 25, 2023, are hereby promulgated and shall come into force on October 1, 2023. Provisions of Shanghai Municipality on Promoting the Development of Financial Leasing in Pudong New Area Article 1 In order to promote the high-quality development of financial leasing in Pudong New Area, give full play to the function of financial services for the real economy, and promote the construction of the core area of an international financial center, these Provisions are formulated in accordance with the basic principles of relevant laws and administrative regulations and in the light of the actual conditions of Pudong New Area. Article 2 These Provisions shall apply to the promotion of development, management services and other activities of financial leasing companies whose domicile is in Pudong New Area. Article 3 The People's Government of Pudong New Area shall establish a financial leasing industry to promote development and coordinate supervision and management.

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