The Shanghai branch of the State Administration of Foreign Exchange issued a notice on Jan 23, launching a pilot program for the high-level opening-up of cross-border trade and investment.
The National Immigration Administration announced on Jan 11 five optimized visa measures to facilitate the entry of foreign nationals into China for business, education and tourism purposes, including one that said foreigners who need to visit China urgently can apply for a port visa on arrival.
Shanghai, a city on the path to becoming an international hub for science and technology innovation, has witnessed a remarkable surge in the establishment of foreign-funded research and development centers over the past three years.
The Hongqiao International Central Business District has announced a comprehensive three-year action plan aimed at fostering the development of a complete Silk Road e-commerce supply chain.
China has relaxed its restrictions on preliminary expense remittance in outbound direct investment projects, as part of its reform efforts to facilitate cross-border investment, the State Administration of Foreign Exchange said.
Chinese authorities have unveiled a raft of measures to strengthen financial services for private companies as part of efforts to help spur their growth.
China decided to offer visa-free entry to travelers holding ordinary passports from France, Germany, Italy, the Netherlands, Spain and Malaysia from December 1, 2023, to November 30, 2024.
Known for its progressive market policies, Shanghai has been taking steps to enhance its modern service industry and promote a more open and accessible trade sector.
