Shanghai’s Municipal Commission of Commerce launched a structural reform on foreign investment administration on June 30, which marks the official promotion of a ‘negative list’ mode outside the Shanghai FTZ.

The reform pilot project started in Jin’an District, along with the opening of its ‘One counter acceptance’ platform, which means the ability to handle all necessary formalities at one counter at one time. Foreign enterprises registered in Jin’an district can enter their information through this platform, and submit necessary materials to Jin’an’s administrative service center after passing an online pre-qualification.

Officials also plan to implement an information and pledging method plus format approval for establishing and alteration of foreign invested enterprises. They expect to allow enterprises greater independence in investing as well as simplifying and clarifying the declaration process. The reform mode will be promoted throughout Shanghai by the end of this year.