Xinhua News Agency, Shanghai, May 29 (Reporters Hu Jiefei, Yuan Quan) In order to coordinate the normalized epidemic prevention and control and economic and social development, the Shanghai Municipal Government issued the “Shanghai Action Plan for Accelerating Economic Recovery and Revitalization” on the 29th, including 8 Aspects, 50 policy measures. According to the action plan, Shanghai will cancel the approval system for enterprises to resume work and production from June 1, and at the same time introduce a series of policies to stabilize foreign investment, promote consumption and expand investment.
At a press conference held on the 29th, Wu Qing, executive vice mayor of Shanghai, introduced that Shanghai will dynamically revise the guidelines for epidemic prevention and control for resumption of work and production, and cancel the resumption of work and production. Unreasonable restrictions (the approval system for enterprises to resume work and production will be cancelled from June 1). At the same time, policies and measures such as expanding the scope of subsidies for enterprises’ epidemic prevention and disinfection, establishing a mutual guarantee mechanism for the industrial chain and supply chain in the Yangtze River Delta, and smoothing domestic and international logistics and transportation channels have been introduced to support the resumption of work and production in various industries and markets, and steadily improve the production rate of enterprises.
Market entities are the foundation of economic development. To reduce the burden on market players, in addition to rent reduction or exemption, Shanghai will reduce or exempt real estate tax and urban land use tax for eligible enterprises, and provide non-resident users with a 10% financial subsidy for 3 months of water, electricity, and natural gas fees. Charge 3-month unit domestic waste disposal fee, etc.
In terms of stabilizing foreign investment, Shanghai will establish a service mechanism for the resumption of work and production of key foreign-funded enterprises, launch an online service system for major foreign-funded projects, start the declaration of special funds for the development of regional headquarters of multinational companies in Shanghai in 2022 in advance, and further support the establishment of multinational companies in Shanghai. Regional headquarters and foreign-funded R&D centers focus on stabilizing the expectations and confidence of foreign-funded enterprises.
In terms of promoting consumption, Shanghai will focus on mass consumption, increase the quota of 40,000 non-commercial passenger car license plates during the year, and reduce the purchase tax of some passenger cars in stages in accordance with the requirements of national policies. Individual consumers who replace pure electric vehicles A one-time subsidy of 10,000 yuan will be given to support large-scale commercial enterprises and e-commerce platforms in issuing consumer coupons, support the development of cultural and creative, tourism, and sports industries, and vigorously promote the accelerated recovery of consumption.
In terms of investment expansion, Shanghai will strengthen the formulation of urban renewal planning, policy support and factor guarantees, complete the transformation of old districts in the central city within the year, speed up the transformation of sporadic old districts in an all-round way, and launch more than 8 urban village reconstruction projects within the year. Support to expand the scale of corporate bond application and issuance, and include new infrastructure, etc., into the scope of local government special bond support.
In addition, Shanghai will also optimize the conditions for talents to settle directly, transfer households, purchase houses, etc., to attract and retain all kinds of talents. Through the distribution of one-time subsidies, love gift packages and other forms, the livelihood of the people in need is guaranteed.
[Editor in charge: Xu Dan]
