The Shanghai Municipal People's Government issued the “Fifteenth Five-Year Plan” to Accelerate the Construction of an International Trade Center in Shanghai. The plan mentions innovative development of offshore trade. Raise the level of foreign exchange facilitation for offshore trade operations under current accounts, promote an integrated balance between offshore trade authenticity reviews and service efficiency, and support key regions to explore the construction of offshore trade information platforms. Promote pilot offshore economic and trade operations under free trade accounts, and thoroughly implement offshore trade stamp duty policies. Relying on the Shanghai International Financial Center to develop offshore finance policies, promote the expansion of offshore trade finance services in the Lingang New Area. Promote the development of a new “bonded +” business format. Promote bonded maintenance and imported remanufacturing pilot projects, support enterprises to carry out “two-sided” bonded maintenance services that meet the requirements, and deepen pilot import of remanufactured products as new products. Deepen the transformation and upgrading of special customs supervision areas, strengthen functions such as bonded research and development, bonded logistics and bonded processing and manufacturing, and promote the implementation and construction of the Zhangjiang Science and Technology Innovation Comprehensive Free Trade Zone.

Zhitongcaijing · 2d ago
The Shanghai Municipal People's Government issued the “Fifteenth Five-Year Plan” to Accelerate the Construction of an International Trade Center in Shanghai. The plan mentions innovative development of offshore trade. Raise the level of foreign exchange facilitation for offshore trade operations under current accounts, promote an integrated balance between offshore trade authenticity reviews and service efficiency, and support key regions to explore the construction of offshore trade information platforms. Promote pilot offshore economic and trade operations under free trade accounts, and thoroughly implement offshore trade stamp duty policies. Relying on the Shanghai International Financial Center to develop offshore finance policies, promote the expansion of offshore trade finance services in the Lingang New Area. Promote the development of a new “bonded +” business format. Promote bonded maintenance and imported remanufacturing pilot projects, support enterprises to carry out “two-sided” bonded maintenance services that meet the requirements, and deepen pilot import of remanufactured products as new products. Deepen the transformation and upgrading of special customs supervision areas, strengthen functions such as bonded research and development, bonded logistics and bonded processing and manufacturing, and promote the implementation and construction of the Zhangjiang Science and Technology Innovation Comprehensive Free Trade Zone.