Aerial photos of the new area of the Shanghai free-trade zone, comprising part of Lingang. Photo: Imaginechina
Shanghai offers cash incentives of up to US$8.5 million to lure financial institutions to Lingang free-trade zone area
- Banks, insurers and brokerages will receive up to 60 million yuan (US$8.46 million) in subsidies to buy office properties in Lingang, the new part of the FTZ
- Shanghai doubled the size of its FTZ last month by including part of Lingang, a previously untapped area linked to the Yangshan deep water port
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Shanghai free-trade zone
Aerial photos of the new area of the Shanghai free-trade zone, comprising part of Lingang. Photo: Imaginechina