13 December 2018

Shanghai to set up reform work group, paper says

The Shanghai municipal government will set up a work group to deepen local reforms, the Shanghai Securities News reported Friday, citing Yang Xiong, the mayor of Shanghai. The city aims to boost the dividend payment ratio of local state-owned enterprises to 30 percent by 2020, Yang said. Meanwhile, the Shanghai Free Trade Zone will open more businesses to foreign investors by tweaking the so-called negative list this year, according to the report.

– Contact HKEJ at [email protected]



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