It is necessary to build Lingang New District into an important base for gathering talents at home and abroad to carry out international innovation and cooperation, an important hub for coordinating the development of onshore business and offshore business, an important springboard for enterprises to go out and grow, an important channel for making better use of two markets and two resources, and an important experimental field for participating in international economic governance. Article 3 The Administrative Committee of Lingang New District of China (Shanghai) Pilot Free Trade Zone (hereinafter referred to as the Administrative Committee), as an agency of the Municipal People's Government, is responsible for the specific implementation of various reform pilot tasks in Lingang New District and performing relevant management duties according to law.
The Municipal People's Government shall establish a system and mechanism for comprehensive examination and approval and relatively centralized power of administrative punishment in Lingang New District, and the CMC shall exercise the relevant power of administrative examination and approval and administrative punishment in this Municipality. The specific matters of administrative examination and approval and administrative punishment implemented by the CMC shall be determined and promulgated by the Municipal People's Government.
The relevant departments at the municipal level shall, in accordance with their respective responsibilities, support the work of the CMC. The people's governments of Pudong New Area, Fengxian District and Minhang District shall strengthen cooperation with the Administrative Committee and undertake relevant management affairs according to their respective responsibilities.
Customs, maritime affairs, taxation, financial supervision, communication management and other departments shall, within the scope of their respective duties, support the construction and reform and opening up of Lingang New Area according to law, and may set up branches in Lingang New Area according to the needs of development. Article 4 According to the regulations of the state, Lingang New Area shall support the independent development, reform and innovation of Lingang New Area with reference to the management of special economic zones.
If the relevant provisions in the local laws and government regulations of this Municipality are not suitable for the development of Lingang New District, the Administrative Committee shall, jointly with the relevant departments of the Municipal People's Government, put forward suggestions on adjusting or stopping the application of the provisions in Lingang New District according to procedures.
The city needs a major reform, try it first. If the Lingang New Area has the conditions, it will be piloted in Lingang New Area first. Article 5 This Municipality shall establish and improve a financial guarantee system conducive to the construction and development of Xingang District, and provide financial guarantee for the construction and management of Xingang District. Article 6 This Municipality promotes the coordinated development of Lingang New Area and other areas in the Yangtze River Delta, and gradually expands the radiation-driven effect of Lingang New Area. Chapter II Freedom and Convenience of Investment Article 7 This Municipality cooperates with relevant state departments to formulate a special list (special measures) for relaxing market access and implement it in Lingang New District.
Lingang New District implements investment facilitation measures focusing on process supervision, deepens the reform of administrative examination and approval system, and promotes the transformation of government functions.
According to the overall arrangement of the country's further opening up to the outside world, Lingang New District will promote the opening up of key areas such as telecommunications, scientific research and technical services, education and health in an orderly manner; As for the policies and measures of the country to expand opening up in other fields, Lingang New Area strives to try first. Article 8 According to national regulations, the following financial element platforms shall be built in Lingang New Area:
(1) an international financial assets trading platform to facilitate domestic and foreign investors to participate in global resource allocation;
(2) The National Warehouse Receipt Registration Center provides convenience for enterprises to conduct warehouse receipt transactions and warehouse receipt pledge financing;
(3) The International Oil and Gas Trading Center supports the introduction of more trading varieties. Article 9 The system of registration and confirmation of market entities shall be implemented in Lingang New District. The registration authority shall conduct formal examination of the registration materials submitted by market participants to confirm that the materials are complete and legal. Except for projects subject to approval according to law, market entities shall independently carry out business activities according to law with their business licenses.
Lingang New District optimizes the withdrawal mechanism of market participants and establishes the compulsory withdrawal system of market participants. Tenth foreign investors' investment and income in China, such as capital contribution, profits, capital gains, assets disposal income, intellectual property licensing fees, compensation or compensation obtained according to law, liquidation income, etc. , can be freely remitted according to law and remitted in RMB or foreign exchange.
Financial institutions in Lingang New Area can go through the formalities of inward and outward remittance in time with foreign investors' undisputed legal income certificates and tax vouchers. Article 11 No tax shall be levied on the investment of foreign investors. Under special circumstances, the expropriation of foreign investors' investment in Lingang New District for the public interest shall be conducted in a non-discriminatory manner in accordance with legal procedures, and fair and reasonable compensation shall be given in time according to the market value of the expropriated investment, and the interest calculated at a reasonable interest rate from the date of expropriation to the date of payment shall be borne.