High-Tech in Shanghai: Zhangjiang Courts Investors

Davis Wright Tremaine

On July 5 2001 the Shanghai City government approved the Shanghai Municipality, Promoting the Development of Zhangjiang High-Tech Park Several Provisions (the Provisions), which became effective as of the same date and superseded older provisions of a similar name from 2000. Apart from the usual preferential policies, the Provisions, together with the rules issued under the old provisions that are still in effect (collectively, the Regulations), set forth a number of measures designed to improve the investment and regulatory environment of the Zhangjiang High-Tech Park (hereafter the Park), and encourage and facilitate investment in the Park by both domestic and foreign investors.