European Chamber Urges Shanghai to Unify Incentives as 37% of EU Firms Shun Reinvestment
Updated
Updated · South China Morning Post · Jun 4
European Chamber Urges Shanghai to Unify Incentives as 37% of EU Firms Shun Reinvestment
3 articles · Updated · South China Morning Post · Jun 4
Summary
Shanghai was urged to adopt a unified “one Shanghai” policy, with the European Chamber saying support should extend across the city rather than being concentrated in remote districts.
More than half of surveyed EU firms said cross-border capital-flow restrictions and market-access barriers were hurting operations and causing them to miss business opportunities.
Thirty-seven percent said they do not plan to reinvest profits earned in China back into Shanghai, underscoring how those hurdles are weighing on confidence.
Carlo Diego D’Andrea, the chamber’s Shanghai board chairman, framed broader citywide incentives as a way to reduce operational friction and keep foreign businesses engaged in China’s financial hub.