February 28 2022

Several measures of Lingang New Zone of China (Shanghai) Pilot Free Trade Zone to support “specialized and special new” enterprises

Announcement by Shanghai Free Trade Zone Management Committee

The announcement will take effect from February 10, 2022, and will be valid until December 31, 2025, according to the Shanghai Free Trade Zone Management Committee.

"Measures" make clear that the scope of support includes those science and technology enterprises which register, actual premises and tax households in Lingang new district, with main business in line with the "4 + 2 + 2" key frontier industry guidance. In details, it includes 6 aspects and 10 supporting items, including breakthroughs in key core technologies and products, identification of independent innovation capacity, and industrial capacity building.  Among them, the measures clearly support enterprises to promote digital application.  Support "specialized, special and new" enterprises to use artificial intelligence, 5G, industrial Internet and other related technologies to carry out digitalization, informatization and intelligent demonstration applications, and the maximum amount of support for projects listed in the demonstration application category is 50 million yuan.