Incentives and Policies in Shanghai's Lin-Gang District
The Lin-Gang Special Area, part of the Shanghai Free Trade Zone (FTZ), is a key region in China’s economic development plan, aimed at attracting global enterprises in sectors such as autonomous driving, biopharmaceuticals, and advanced manufacturing. To support business growth, Lin-Gang offers a reduced corporate income tax rate of 15 per cent for eligible companies for up to five years, along with grants and subsidies for research and development (R&D), with a focus on startups and high-tech enterprises. Companies involved in green technologies, including renewable energy and environmental protection, benefit from additional financial incentives.
Lin-Gang also implements policies to attract skilled professionals, offering housing subsidies, rent allowances, and home purchase assistance. The district streamlines visa and residence permit processes for international talent to further strengthen its talent pool. In terms of land and infrastructure, Lin-Gang provides preferential land rates for industries such as electric vehicles and biotechnology, along with advanced infrastructure to support high-tech manufacturing and R&D activities. Businesses can also access financing options and technical support from the Shanghai Municipal Government.
As a growing hub for financial services, Lin-Gang provides favorable conditions for multinational financial institutions, allowing them to pilot new products and services. The district also facilitates cross-border e-commerce and blockchain technologies and plays a significant role in the internationalization of the RMB. As part of the Shanghai FTZ, Lin-Gang promotes international trade and innovation by offering streamlined administrative procedures, particularly for foreign businesses importing advanced technologies and equipment. Its strategic location and connection to major ports enhance its role as a global trade center.
Recent policies introduced in Lin-Gang target emerging industries such as artificial intelligence, semiconductors, and aerospace. These policies offer tax incentives, subsidies, and eased market access restrictions in sectors such as automotive manufacturing, telecommunications, and healthcare. Ongoing infrastructure improvements, including upgraded transportation networks and logistics systems, are designed to support cross-border trade and enhance Lin-Gang’s role as an international business center.
Lin-Gang also prioritizes intellectual property (IP) protection, offering faster registration processes and legal assistance to safeguard innovations. These initiatives are aimed at fostering innovation, supporting economic growth, and enhancing Lin-Gang’s position as a leading area for global enterprises and investment within China.