The inaugural event of the "Foreign Business Gathering in Jiading" series interprets the latest policies for foreign investors. [Photo/jiading.gov.cn]
The inaugural event of the "Foreign Business Gathering in Jiading" series, themed "Foreign Investment Trends and Policy Directions", took place in Jiading district, Shanghai on Sept 25, offering a platform for exchange and cooperation for foreign enterprises in Jiading.
The event brought together representatives from foreign enterprises, industry experts, and government officials to analyze the current foreign investment landscape and interpret the latest national and Shanghai policies aimed at attracting foreign investment.
Participants delved into the nuances of the foreign investment climate and policy trends, focusing on the recently released "Action Plan for Steadily Promoting High-Level Opening-Up and Making Greater Efforts to Attract and Utilize Foreign Investment" and the "Special Administrative Measures for Foreign Investment Access (Negative List) (2024 Edition)." These policies aim to provide a clearer and more relaxed environment for foreign enterprises in China.
The action plan calls for the complete removal of restrictions on foreign investment in the manufacturing sector and continued opening in sectors such as telecommunications, healthcare, and technological innovation. Pilot areas, including free trade zones in Beijing, Shanghai, and Guangdong, will allow eligible foreign-invested enterprises to expand in fields such as gene diagnosis and treatment technology.
"We hope to understand more policy information through such communication platforms to promote our further development in the Chinese market," said Shen Xianming, vice-president of Finance for Valmet (China). He also praised Jiading as an ideal place for foreign enterprises to invest and grow.
From January to August this year, Jiading's contracted foreign investment reached $569 million, with 264 new foreign direct investment enterprises established.