SHANGHAI, May 12, 2025 /PRNewswire/ -- A news report from english.shanghai.gov.cn
The municipal government of Shanghai released a circular outlining 10 major missions to seek further breakthroughs in improving its business environment on May 8, aiming at further stabilizing employment, companies' operations and market expectations.
One of the 10 initiatives is to better align with the evaluation methods and criteria used in the World Bank's Business Ready report. Further reforms will also be advanced.
Meanwhile, favorable policies should be more easily accessible for companies. The city will launch an online platform via which companies can search for the applicable policies and obtain approvals. A "policy calculator" will also be introduced to explicitly explain the application conditions and scope for certain policies.
To further enhance administrative oversight of companies, Shanghai will complete and upgrade the supervision QR code system, which was rolled out citywide earlier this year.
According to the circular, financing costs for small and medium-sized enterprises should be reduced, and innovative financing services should be offered. To this end, Shanghai will promote a fast-track loan initiative across industrial parks, which was first piloted in the Hongkou district in northeast Shanghai.
The circular also highlights the need to improve bankruptcy procedures, as this is one of the key indicators in the World Bank report. Enhancing efficiency in this area will support company restructuring, accelerate market evolution, and improve resource allocation.
For more information: https://english.shanghai.gov.cn/en-BusinessEnvironment/index.html
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Shanghai releases 10 major missions on improving business environment
GUANGZHOU, China, Dec. 17, 2025 /PRNewswire/ -- On December 14, the 2025 Heung Kong Entrepreneurs Forum, themed "Co-creation and Fusion: New Momentum for the Development of Global Chinese Entrepreneurs", was held at One Heung Kong in Guangzhou. The event drew together over 400 global Chinese business leaders, policymakers, and cultural icons, forging deep-seated connections between the Chinese business community and the wider world.
The forum featured an address by Ma Weihua, Chairman of the Chinese Entrepreneur Commerce Club. He stressed the significance of putting plans and meeting arrangements into action while championing the entrepreneurial spirit. Representing the organizer, Mei Hing Chak declared that One Heung Kong aspires to be a "value pot, innovation booster, and global gathering spot" for Chinese entrepreneurs worldwide. Lai Zhihong, Guangzhou's Vice Mayor, highlighted the city's development prospects.
The forum acted as a lens through which to view China's economic policies and global cooperation trends. Zheng Guoguang, former Vice Minister of the Ministry of Emergency Management, interpreted the essence of the conference, providing entrepreneurs with a clear roadmap. Li Kuntai, an advisor to Cambodian Prime Minister Hun Manet, shared fresh opportunities for China-Cambodia business collaboration. Ding Zuohong, a member of the National Committee of the Chinese People's Political Consultative Conference, delved into paths for collaborative development and industrial upgrading among enterprises in the Greater Bay Area.
Multiple strategic cooperation agreements were inked at the forum, signifying the transformation of the "co-creation and fusion" concept into tangible steps. During the event, the One Heung Kong Demonstration Base for Ideal Living made its global debut, integrating a host of systemic innovations to present a Chinese solution for future living.
The forum featured a special "Benevolent Heung Kong" charity calligraphy and painting donation initiative. Zhang Damo contributed 100 works, with the proceeds earmarked for public welfare and charity initiatives in Hong Kong, as well as patriotic education endeavors. Attendees also took a tour of the One Heung Kong Demonstration Base for Ideal Living, getting a feel for the global landmark for the art of future living.
This forum went beyond ordinary intellectual exchanges, evolving into a grand gathering that blended strategic vision, industrial cooperation, cultural concern, and future-oriented experiences. One Heung Kong has now stepped into a new era of global experience and collaborative co-creation.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
2025 Heung Kong Entrepreneurs Forum Takes Place in Guangzhou
