The "Regulations on the Construction of Shanghai Science and Technology Innovation Center" were voted through

　　 On January 20, at the closing of the third meeting of the 15th Shanghai Municipal People’s Congress, the Shanghai Municipal People’s Government held a press conference. Shanghai Mayor Ying Yong stated at the meeting that Shanghai will support and encourage more sci-tech innovation companies to go public in 2020, and focus on the people's livelihood and continue to work hard to promote further increment and quality improvement of elderly care services.

　　 In 2020, Shanghai’s economic growth target is expected to be around 6%. Ying Yong said that he has always been confident in Shanghai’s economic development. This confidence comes from the fact that the basic trend of my country’s economic stability and long-term improvement has not changed, and the major opportunities and institutional innovation dividends from the “three major tasks and one platform” are accelerating. Conversion, as well as a number of new growth points are accelerating formation.

　　 Among them, speeding up the transformation of scientific and technological innovation advantages into development advantages and industrial advantages is one of the focus of Shanghai's next work.

　　 In 2019, the Shanghai Stock Exchange established the Science and Technology Innovation Board and piloted the registration system, turning a new page in the reform of the capital market. Ying Yong said that this is an important strategic move of the Party Central Committee to promote the integrated development of the real economy, technological innovation and modern finance.

"In the future, we will build the Sci-tech Innovation Board into an important investment and financing platform for national technology and innovation enterprises, focus on cultivating a large number of high-quality listing resources, focus on forming a multi-level and diversified financial service system, and focus on optimizing the technology and innovation environment and the financial development environment. And the rule of law environment.” Ying Yong said.

　　Ying Yong said that Shanghai fully supports and fully cooperates with the China Securities Regulatory Commission and the Shanghai Stock Exchange to do the relevant work, and formulate and implement the "Pujiang Light" action to promote the development of science and technology enterprises.

　　 At present, 13 companies in Shanghai have successfully listed on the stock exchange, with a financing amount of 15 billion yuan. "In the next step, Shanghai will do a good job of implementation, further utilize the demonstration effect, agglomeration effect and scale effect of the Sci-tech Innovation Board, and support and encourage more scientific and technological innovation companies to go public." Ying Yong said.

　　 On the same day, the Third Session of the 15th Shanghai Municipal People’s Congress voted and passed the "Regulations on the Construction of Shanghai Science and Technology Innovation Centers" (hereinafter referred to as the "Regulations"). The "Regulations" will come into effect on May 1, 2020.

Among them, in the construction of the innovation main body, the "Regulations" proposed that Shanghai will support the technological innovation of enterprises, and the Shanghai, district people's governments and relevant departments will implement the implementation of high-tech enterprise cultivation and provide R&D subsidies to implement accelerated depreciation of R&D equipment and increase R&D expenses. Methods such as tax deductions and preferential income tax policies for high-tech enterprises provide support to enterprises’ scientific and technological innovation activities.

　　 The "Regulations" also propose that Shanghai cooperates with relevant state departments to develop a multi-level capital market and financial factor market, and supports eligible companies to conduct listing, bond issuance, mergers and acquisitions, refinancing and other activities in the multi-level capital market.

Jin Aimin, an associate researcher of the Shanghai Institute of Science, told the Shanghai Securities News that the "Regulations" implement the construction of the Shanghai Science and Technology Innovation Center from the science and technology policy level to the science and technology legal level, promote the integration of science and technology and the rule of law, and provide a strong force for the in-depth implementation of the national strategy. The guarantee of the rule of law is also a useful exploration for Shanghai to improve its scientific and technological innovation governance system.

　　 In addition, 2020 is the final year of the "Thirteenth Five-Year Plan" and the year when my country will build a moderately prosperous society in an all-round way. In response to the social concerns of people's livelihood security, Ying Yong said that in 2020, Shanghai will focus on the people's livelihood and continue to work hard to promote further increment and quality improvement of elderly care services.

Excerpt from [Xinhuanet]