Recently, with the approval of the Shanghai Municipal Government, 11 departments, including the Municipal Development and Reform Commission and the Municipal Commission of Commerce, jointly issued the “Several Measures of Shanghai Municipality to Encourage Domestic Reinvestment by Foreign-Invested Enterprises.” The measures, comprising 15 provisions, aim to encourage domestic reinvestment by enterprises. They include: supporting various forms of reinvestment; strengthening project coordination and services; optimizing the allocation of land resources; encouraging technological upgrades and renovations; guiding and supporting domestic production; supporting increased efforts in R&D and innovation; supporting participation in pilot programs for the opening-up of the service sector; streamlining the process for changing the production scope of medical devices, promoting multi-warehouse coordination in pharmaceutical wholesale, facilitating food chain operations, implementing tax policies for profit reinvestment, guiding foreign investment toward encouraged industries, optimizing foreign exchange registration and fund utilization procedures, deepening the Qualified Foreign Limited Partner (QFLP) pilot program, and broadening financing channels for reinvestment. Regarding the optimization of investment promotion services, there are five measures, including: promoting the development of a new, high-level model for investment promotion; strengthening investment promotion coordination between central urban areas and new cities; advancing pilot programs for domestic investment information reporting; conducting pilot evaluations of the effectiveness of foreign investment promotion; and strengthening publicity of investment promotion policies. (Shanghai Municipal People’s Government)