Shanghai Development and Reform Commission and other departments issued measures
to strengthen tech finance: deepen the QFLP pilot, leverage state-capital fund
managers’ local resources, promote a foreign-capital domestic-management model
to attract high-quality offshore funding, and explore introducing offshore RMB
capital to support onshore tech innovation. For reputable, mature foreign asset
managers the city will push to streamline establishment approvals, ease
foreign-exchange conversion of fund proceeds, and provide tax compliance
guidance.
