1、2023SHANGHAI FOREIGN INVESTMENT GUIDE2023PREFACEThe year 2023 is a pivotal turning point for China,and for Shanghai in particular.As the 20th CPC National Congress laid out a magnificent blueprint for building a modern socialist country in all respects and advancing Chinas great rejuvenation on all

2、fronts by clearly detailing the Chinese path to modernization,this year will usher China into a new era where high-quality development is the top priority.Meanwhile,Shanghai also stands at a new historical beginning,once again embarking on a fresh journey as a pioneer to lead reform,opening-up as we

3、ll as innovation-driven development.Shanghai is actively forging new advantages and increasing its efforts to open-up to the wider world.Over the past five years,Shanghai has continuously released new reforms and blazed an uncharted path towards further opening-up.The citys Pudong New Area has devel

4、oped into a pilot zone for socialist modernization,and its Lin-gang Special Area of China(Shanghai)Pilot Free Trade Zone has accelerated the cultivation of several special economic functions.By issuing the first local regulations for foreign investment in China and initiating the implementation of t

5、he administrative system of pre-establishment national treatment plus negative list on foreign investment,Shanghai has taken significant steps to establish an international economic and trade system and further strengthened the protection of foreign-invested enterprises legitimate rights and interes

6、ts.As a result,Shanghais paid-in foreign capital reached a new high of nearly USD 24 billion in 2022.The citys market-oriented,law-based and globally-recognized business environment has become an irresistible draw for foreign investment.The city is invigorating its technology innovation environment.