Businesses in the Pudong New Area, shanghai, may now register via bank outlets, the latest move local authorities have rolled out to better the business climate in the region.
Shanghai will promote greater openness in its financial industry and government affairs and further cut business tariffs as part of its broader push for better economic growth，according to a government meeting on April 23.
Shanghai, a bridgehead of China's reform and opening-up, is set to ride the wave of opportunities brought by the country's latest moves committed to widening access to its financial industry.
Pudong should ramp up more efforts in innovation, and continue to play a leading role in reform and opening-up in the country, noted Li Qiang, secretary of the Shanghai CPC Municipal Committee.
Daily quotas for the stock connect schemes between the mainland and Hong Kong will be quadrupled starting May 1.
There are currently many national pavilions in Shanghai FTZ, including an Australia Pavilion, Chile Pavilion, Europe Pavilions, Hungary Pavilion and Iran Pavilion.
In a bid to reinvigorate its manufacturing sector, the Shanghai municipal government announced an action plan on Tuesday to transform and upgrade its physical economy for quality development in the coming three years.
Premier Li Keqiang paid a visit to the China (Shanghai) Pilot Free Trade Zone (FTZ) on April 10, calling for further improvement in the business environment.