"Proposals on further supporting foreign-funded R&D centers to participate in building Shanghai into a Science and Technology Innovation Center with Global Influence" was released by Shanghai Municipal People's Government Monday.
The proposals include 16 concrete measures with a focus on creating a sound investment environment in the city by encouraging foreign centers to join the research and development of vital projects; strengthening the protection of intellectual property rights; and attracting high-end foreign talents by optimizing work permit applications and entry and exit procedures.
As of August, Shanghai has the most foreign-funded R&D centers in China, with a total of 416 foreign-funded R&D centers having settled in the city, accounting for 25 percent of the Chinese mainland.
