Giving Shenzhen greater autonomy to attract investment
18 Oct 2020
On 18 October 2020, the National Development and Reform Commission published a list of reforms for Shenzhen that include steps for financial markets, intellectual property protection, economic legislation and talent attraction. Key points include, inter alia:
- Restrictions on foreign ownership in telecommunications will be lifted.
- Shenzhen will streamline visa rules to attract talent.
- The city will be allowed to issue offshore, yuan-denominated local government bonds.
- Shenzhen will build a new intellectual property rights protection system that ensures digital IP protection and punishes infringements.
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Type:
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Treatment and operation (Immigration regulations, Intellectual property regulation)
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Promotion and facilitation (Special economic zones)
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Industry:
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Services (Telecommunications, Human health activities)
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Sources:
