Giving Shenzhen greater autonomy to attract investment

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.

• Type:

  • Treatment and operation (Immigration regulations, Intellectual property regulation)
  • Promotion and facilitation (Special economic zones)

• Industry:

  • Services (Telecommunications, Human health activities)

• Sources:

  • Reuters, China gives Shenzhen more autonomy for market reform, integration, https://www.reuters.com/article/china-shenzhen-idUSKBN2730E5, 18 Oct 2020
  • Bloomberg, China Gives Shenzhen Greater Autonomy to Attract Investment, https://www.bnnbloomberg.ca/china-gives-shenzhen-greater-autonomy-to-attract-investment-1.1509618, 18 Oct 2020