1. China Daily: It has been said that Shanghai will encourage the locating of financial institutions in Pudong. Many international banks are likely to locate their corporate and investment banking businesses in Beijing. Can you tell me about the relevant policies in Shanghai? Thanks.

Chen Yin (Deputy Director of Shanghai Development and Reform Committee): In China, we should say that Shanghai and Beijing have their respective advantages in terms of the development of their financial sectors. For Shanghai, we should mainly create a better development environment. I have said that, above all, financial development should be based on a good social credit system, which Shanghai has focused on over the past several years. We attach great importance to the comprehensive financial reforms introduced in the Pudong Lujiazui Financial and Trade Zone, which are currently running on a trial basis. Our policies to support the development of the financial sector mainly focus on the continuing attraction of financial institutions' headquarters, support for financial innovations and the introduction of highly-qualified personnel by the provision of certain subsidies, with several measures listed in detail as follows:
Firstly, support of the newly-established headquarters of financial institutions in the city which qualify for special funds allocated from the 'Shanghai Financial Development Fund'.
Secondly, support and encouragement of financial innovation by the giving of awards to institutions and individuals who make outstanding contributions to financial business and product-innovation.
Thirdly, offering preferential treatment to new financial institutions which need to buy office space for their own use, such as discounts on trading commissions, while those purchasing land to construct their own office accomodation will be given certain subsidies.
Fourthly, taking the opportunity presented by the launch of the Shanghai headquarters of the Chinese central bank, in Pudong, to achieve the following: the deepening of the reforms to the financial system; the attraction of various financial institutions to Pudong; the acceleration of the opening-up of the local financial sector; the building of the Lujiazui Financial and Trade Zone into a model of China's financial reforms and a finance hub; and to encourage the establishment of the financial information service industry based in the Zhangjiang bankcard industry park.
Fifthly, the attracting of highly-qualified and internationally-experienced staff who are greatly needed in the service sector, principally the cultural, financial, logistics, shipping, aviation, information and exhibition industries. Those applying for Shanghai Residency Permits will gain additional credits based on the industries they work in.
Sixthly, local districts and counties will offer living subsidies, in the form of a lump sum, to senior-level managers of newly-arrived head-office operations, research and development institutes, financial institutes, investment companies and professional services institutes.

2. Eastday: Director Chen, can you tell me about measures to help Shanghai's modern service companies compete with their international counterparts? Also, what are the new measures in Shanghai to prevent and control bird flu, especially to avoid the human cases of bird flu that have been reported in some other provinces and cities?

Chen Yin: Shanghai, aiming to become a gobal metropolis, must focus on the new trend of globalization of the service sector, consolidate its status in global economic integration and strengthen international economic and trade cooperation. We have enhanced support and encouragement for the local service sector to enter the international market, mainly regarding the trade in services and outsourcing:
firstly, by encouraging suitable local service companies, of whatever ownership-structure, to participate in international economic and trade cooperation and to directly invest overseas by granting them subsidized project loans; secondly, by adjusting and improving the criteria whereby special funds are allocated to support local exporters, especially key elements of the service sector. Service-exporters who have paid value-added tax will be given tax-rebates; thirdly, by encouraging local companies to outsource services, and offering service companies preferential policies such as research and development funds for exporters and special funds for medium and small-sized companies to help them enter the international market.

Jiao Yang (Shanghai Municipal government spokeswoman): Guided by the Shanghai Party Committee and Municipal government, all the local departments are cooperating  and doing their utmost to prevent incidences of bird flu. To date, not a single case of bird flu has been reported in Shanghai.

Shanghai has recently carried-out several preventive initiatives:

Firstly, strengthening the monitoring of live poultry from outside the city; since November 23, live poultry from other provinces and cities is allowed to enter the city only after passing through quarantine, with those failing tests banned from entering the city.

Secondly, enhancing reporting systems for the epidemic; the city has formed a group of more than 2,000 observers to watch poultry farms in rural parts of Shanghai, and if a suspected case of bird flu is detected, to report it promptly to the authorities.

Thirdly, reinforcing poultry sales management; besides standardizing the rules governing live poultry sales, as of December 1, the local industrial and commercial administration department has suspended bird sales in the flower and bird markets for the time-being and disinfected such markets to guard against human infection.

Fourthly, Step-up vaccinations against bird flu; animal quarantine departments in the local suburban area have carefully monitored the vaccination of poultry and ensured all the poultry are vaccinated so as to improve their resistance.

Fifthly, enhancing the monitoring of wild birds; the local forest department has strengthened the monitoring of wild birds in key areas and made records and reports every day, with  counter-measures to be implemented promptly once suspected cases are found.

Sixthly, the setting-up of a preventive and emergency response team; local departments have established a team with 30 members, and once the epidemic is found, the team will take emergency action according to the requirements of the headquarters. In order to protect people from infection by the Highly Pathogenic Avian Influenza, the local health department is busy taking preventive measures: in a phrase, 'Three Enhancements and One Reserve".

Firstly, enhance supervision and checks to prevent people from being infected with the Highly Pathogenic Avian Influenza; In accordance with the requirements of the Ministry of Health, the Shanghai health department is focusing on supervision and checks to prevent people from being infected. To date, checks  of 160 local medical institutes with fever outpatient services have been completed, and those checked have improved their preventive measures and tested their procedures.

Over the coming weeks we intend to set up supervisory teams which will report to the bird flu prevention and control centers' leadership committees at city, district and county levels to carry out the prevention and control work. They will be responsible for oversight and checks within their assigned areas.

Secondly, enhance coordination and communication between  government departments. The health department, the inspection and quarantine department and the agricultural department have set up and perfected coordination mechanisms that link their respective prevention and emergency-response work so that efforts can be intensified and all kinds of comprehensive prevention and control measures can be deployed in timely fashion.

Thirdly, enhance and perfect emergency plans concerning sanitation. The health bureau has amended its 2004 plan for the city's prevention and control work against the highly infectious bird flu epidemic, offered on-the-job training programs to health department and medical institute employees at all levels, arranged for work units to study the 2004 plan, hoping to implement all the prevention and control measures through such training and dress-rehearsals.  We've completed drafting the basic framework of the emergency plan against a flu epidemic. Key points and technical points within the plan are currently being refined.

As to drug reserves, we've set up a reserve of anti-flu drugs, including Tamiflu. Recently, the Shanghai Pharmaceutical (Group) Co has been authorized to produce Tamiflu under license. This will provide great support to our work.

3. Shanghai Youth Daily: I'd like to ask Chen whether the government has taken any concrete measures to create an environment conducive to the development of the modern service sector? And my second question: It's been reported recently that there will be restrictions on automobiles that exceed certain pollution limits, and I'd like the spokesperson to expand on this issue, thanks.

Chen Yin: Companies form the main part of a competitive market. The Government's function is to create a business-friendly environment and provide services. During the drafting process, we put emphasis on the changing of government functions, the perfecting of the services provided by the government and the creation of a good environment for competition in a regulated and orderly market. Therefore, many policies relate to the creation of a good environment. They are as follows:
Encourage and support investment in the modern service sector and related areas in accordance with the laws, rules and regulations. Create an investment environment that caters to various kinds of investor.
Eliminate any unnecessary examinations and application procedures that service companies have to undergo to become registered. (Those considered unnecessary do not include any governed by State law, administrative regulations and State Council regulations.)
Promote the development of city and district level guarantee companies as trustees for small service companies' short-term loans. Encourage more investment into the sector from venture capitalists.
Intensify the building of a credit system in the city to increase the government's utilization of credit information collected from the employment, social security, market supervision and government purchasing functions. The government can use this information for guidance, market cultivation and industry promotion and standardization, so as to build a united credit system for both individuals and companies and facilitate the introduction of new policies.
Give guidance to the service companies to help them build a charging system for the various services they provide. The government manages the pricing system in this way to ensure quality services are rewarded so as to upgrade service levels. It will also continue to manage the adiministration fees levied on service companies, intensify supervision on fee collecting and standardize procedures.

Jiao Yang: Fresh air is what the citizens aspire to, and the government is trying hard to build a harmonious and beautiful environment for all.

Currently, 350,000 automobiles, out of the 950,000 in the city,  fail to reach the European I standard in respect of gas emissions. These emissions intensify the contamination of the air in downtown and harms the bodies and minds of citizens. Therefore, the departments concerned are studying a new policy to restrict the passing of automobiles on trunk roads in downtown areas which emit a lot of pollution. The benefits of this policy are as follows: alleviation of air pollution downtown to the benefit of people's health, and to restrict traffic on downtown trunk roads at the same time so as to ensure smooth traffic flow and lessen traffic jams. We will adhere to certain environmental standards when we develop our policies about the restriction. We will be targeting cars which fail to reach such standards. Administrative departments will intensify supervision and treat both local automobiles and out-of-town automobiles in the same way. The policies will be implemented step by step, so that the restrictions will be raised gradually. Currently, the departments concerned are conducting further research and drafting more detailed plans on this issue.

4 Japan Nippon Broadcasting System: We've noticed there are local residents protesting and hanging slogans against the government's relocation policies. They refuse to be relocated because the real estate developers haven't paid enough in compensation for them to move to a new home. Can you explain the government's view of this issue? Besides the building of cheap homes in remote areas, does the government do anything else to cope with the situation?

Jiao Yang: We've mentioned relocation several times before. The municipal government and the party committee have paid great attention to the home relocation program and have been improving the relocation policies each step of the way. In March, a notice on the government's further efforts to intensify management of home relocations was issued. It further specified the principles of "unified standard, open operation, strict discipline and lawful relocation." We've held a press conference to explain the policy to foreign reporters. To meet the general requirements of the government and the Party committee, this year's relocations will continue to be on a reasonable scale, we'll ensure that the key projects proceed efficiently and that everything is conducted transparently, fair and square, safeguarding citizens' legitimate rights, promoting the city's sustainable development and keeping society harmonious and stable. This year, we'll focus on such big key projects as rail transportation, the world exposition park and the relocations affecting large residential areas selected by the government. We'll strictly disallow the commercial use of the relocation programs. The relocations will feature a unified standard for compensation for all the homes at the same relocation site. The policy will be implemented from start to finish and we will ensure that neighboring relocation sites operate under the same rules. We'll raise the level of transparancy and openness of the projects, to attain the goal of "nine opennesses", detailed elsewhere, to further make public our concrete policies, standards and procedures. We'll also impose strict discipline when regulating the companies and personnel who implement the relocations, and ask them to obey the rules. Offenders will be dealt with according to the law.

5. 21st Century Business Herald: My first question is to Mr. Yin.
As outlined at the 8th annual session of the Shanghai Committee of the Communist Party of China, Shanghai's GDP growth will remain in double-digits in 2006 and even throughout the entire length of the 11th Five-Year Plan.  So my question is, will that double-digit growth be sustained by the development of the service sector or by that of the manufacturing sector?  A reference is that, in the period covered by the 10th Five-Year Plan, growth was mainly generated by manufacturing, particularly the auto and property industries. 
At the annual session, the Shanghai Committee also adopted the development goal of enhancing the city's global competitiveness. As is widely known, in international metropolises such as London or Tokyo, the service sector accounts for 70-80 percent of GDP.  In this respect, what targets for the service sector will the Shanghai Municipality project for the period covered by the 11th Five-Year Plan?

My second question is for the spokesperson. 
How much has been invested in the first phase construction of the Yangshan Deep-Water Port, and what is the expected profit for 2006?  Two years ago, the port headquarters' director Zhang Huiming said at a government conference that the annual return of the port would be around 6-7 percent.  I want to know whether this rate of return relates to total investment or net investment? Thank you.

Chen Yin: In terms of carrying out the tenets of Scientific Development, We must uphold the "tertiary-secondary-primary" industrial strategy in the development of Shanghai's economy.  We must accelerate the development of the service sector, in other words, we must develop the tertiary or service sector into a pillar industry.

However, I must clarify two points here:
Firstly, as compared with other international metropolises, which only comprise the downtown areas,  Shanghai's total area is 6,340 square kilometers. In downtown Shanghai, the proportion of GDP generated by services already exceeds 70 percent.  With five further years of development, we aim to increase this proportion to over 80 percent by 2010. 
But in terms of the total 6,340 square kilometers, we have suburban areas where the manufacturing sector predominates so as to support Shanghai's balanced economic development.  The modern manufacturing sector is different from traditional primary or secondary industries, however, as it is characterised by low-pollution and high added values.  We will gradually develop these industries, that have patented products and technologies.  Only by following this course can the secondary and tertiary sectors together boost Shanghai's economy and ensure sustainable and healthy development.
Meanwhile, the secondary and tertiary sectors are interactive. The development of the secondary sector boosts the growth of the tertiary sector.  The fact is that many of our tertiary businesses, including finance, logistics, R&D and intermediary services, are providing services to the secondary sector. Hence, this is the base on which Shanghai's modern service sector stands.  It is this existing industrial base that has driven services to their current high level.  Thereafter, the future development of the service sector will in turn benefit the secondary sector. So in this sense, I think Shanghai's future development should adopt the strategic sequence of "tertiary-secondary-primary". 
Due to the particular circumstances across the whole region, we will continue to give development priority to advanced manufacturing industries and modern service industries.

Jiao Yang: For your second question, I don't think it's appropriate for me to answer on behalf of the spokesperson of the port headquarters or the port management committee.  So about this issue, I'd prefer not to tackle it.  Sorry!

6. Shanghai Morning Post: Dean Chen, it was mentioned earlier at this conference that the creativity of market entities in the modern service sector is comparatively low.  It sounds a deep-rooted, if abstract, problem. Can you enlarge on this?
My question to the spokesperson concerns what measures Shanghai will take to avoid the traffic jams associated with the peak winter traffic season.

Chen Yin: Regarding the service sector, service industries have upgraded in line with economic development.  As the new economy develops, traditional service industries have absorbed new technologies and concepts.  Shanghai's current service sector is inadequate in terms of creativity, or in other words, it lacks a sense of creativity. In this case, we offer new supportive polices to encourage creativity.  Of the 30 policies, four encourage corporations to be creative. 
For example, design and technological service enterprises as well as R&D centers and research-study-production institutional entities are encouraged to be technologically innovative.  Their research results, after qualification, will be accorded preferential status according to Shanghai's policies aimed at encouraging the industrialization of the fruits of hi-tech research.
For companies developing service products, the cost of technological development can be included in management expenses;
Financial support, financed from the funds available for the city's key industrial technology projects, will be granted to technology-creation projects in the modern service sector to accelerate the process of industrializing the research process.
Land-use priority will be given to production service projects such as logistics, R&D and design.

Jiao Yang: The city party committee and the government have been  giving high importance to tackling traffic congestion.  The 55 measures announced at the beginning of the year have been implemented on schedule and have basically achieved the goal of avoiding lengthy and large traffic jams.

Measures being implemented to tackle the traffic jams associated with the upcoming peak winter traffic season include:
Firstly, the stepping-up of traffic control measures in the vicinity of the Puxi-end of the Fuxing East Road Tunnel, and unveil a policy before year-end to divert traffic from the Yan'an East Road Tunnel.
Secondly, the continuation of the stringent crackdown on vehicles clogging the road at intersections.  Not long ago, the traffic police painted yellow patterns at 30 intersections where the traffic load of vehicles and bicycles is heavy and traffic infringements are rampant.  At some of them, electronic monitors have been installed. Traffic coordinators are equipped with digital cameras to take pictures of traffic infringement activities such as blocking the road at intersections.  This method has been promoted in downtown and suburban areas.
Thirdly, the conducting of further research on "quick settlement" of minor collisions.  As the traffic accident quick settlement rules issued by the traffic authority state, collisions from which the vehicles involved can be driven and people are not seriously injured, should be settled following the procedure of noting the site of the collision, leaving the site and reporting it to the traffic police for adjudication.  The practice is designed to quicken the settlement procedure and enhance  efficiency.
Fourthly, the continued strengthening of penalties on illegal parking.  A campaign was launched earlier to tackle the problem.  Following that, the trial operation of on-street parking management rules will be promoted in the area within the Inner Ring Road.  The traffic police will maintain this as an effective long-term routine measure.
Lastly, reinforce the crackdown on vehicles that arbitrarily break traffic rules.

7. STV News Channel: I have a question for Director Chen, regarding the information released at this conference. Generally speaking, chain stores are operated by small or medium enterprises, including those invested in by ordinary citizens.   I heard just now that " the city will simplify the approval procedures for franchise businesses".  Can you outline for us the original procedures and how you intend to simplify them?  Will the city establish a "Green Channel" to expedite the approval process for these small investors?
My second question is for the spokesperson.  What kind of cars are among the 350,000 you mentioned that fail to meet the Euro I standard (Vehicle Emission Standard) in the city? What further restrictions will be imposed on the use of these cars?  As concrete measures are still under discussion, how can the authorities identify these cars on the road, by referring to a list, or in any other way?
In addition, many locals are concerned about traffic control measures in the vicinity of the Fuxing East Road Tunnel.  Regarding the stepping-up of measures this month, can you provide more information?
Lastly, Xiangyang Market and the Jingwen Flower Market are slated to be relocated to the suburbs.  Many frequent customers of these two markets are wondering if it's true, and will they have to travel a long way to buy  flowers, ornaments or items for daily-use.  Does the master plan for the location of local commercial centers regulate such relocations? If so, are there any other markets affected by this plan?

Chen Yin: Broadly speaking, there were quite a few requirements, or procedural regulations, laid down by the industrial and commercial administration, for the establishment of a small or medium-sized company. However, we increasingly recognise the need for the participation and dedication of these enterprises in the local service sector, where this nascent market is in need of invigoration.
After fully considering this situation, we decided to lower the qualification requirements of applicants, namely reduction of the amount of registered capital, and to simplify certain approval procedures as much as possible.
Just as I have explained, the city is to clarify the registration regulations that are still not covered by state laws and to simplify approval procedures.  We will strengthen the supervision and administration of these enterprises, rather than keep the requirements high.

Jiao Yang: It's really hard to identify these substandard cars on our roads.  But we have to solve this problem. 
Now, the municipal departments responsible for environmental protection, public traffic and transportation etc are actively searching for effective counter measures.  The solution, I think, should be based on the standards required for environmental protection.  The question you raised concerning concrete measures to identify these substandard cars is a very real one. 
We should fully take into consideration the practicalities faced by traffic policemen.  Primarily, we will plan some qualification tests for cars.  The standard ones will be issued a specific label, which will make it easy for traffic policemen to make instant judgments. Of course, we will also take the convenience and interests of the public into account. 
Consequently, the relevant administrations are holding further discussions and looking into the detail of this issue.  The principles governing the drafting process include the requirements of environmental protection, the convenience of the public and the administration and operation of the relevant authorities.  These three aspects are equal in our minds.  Once deliberation is completed, we will publish the measures immediately.  It's really a multi-faceted problem requiring intense study.

I feel the journalists from STV News Channel focus on the topics that relate to ordinary people. 
As for the Jingwen Flower Market, I, along with our municipal spokesperson team, will reply to you after we get further information about this issue.
Regarding Xiangyang Market, it's an attractive topic for the media from both home and abroad.  It's a Shanghai institution which both locals and foreign tourists are keen to visit.  However, many business dealings of a dubious nature occur there everyday. 
A raid to crack down on pirated goods was jointly conducted a few days ago by the Shanghai Intellectual Property Bureau and the Industrial & Commercial Administration Bureau.  The protection of intellectual property has always been a key project of the municipality.  The relocation of Xiangyang Market is still under consideration by the relevant authorities.  After the Market is re-sited away from downtown, its supervisors and administrators will be making great efforts to curb counterfeiting by re-licensing dealers, strengthening operational criteria, researching new supervision systems and beefing-up administration.
Anyway, before that happens, municipal departments will intensify the crackdown on dubious commercial activity in and near the Market.

8. Oriental Morning Post: Questions for Director Chen. The reference material that you gave us explains government policy on the recruitment of skilled professionals and says the city has achieved some breakthroughs in this area. Would you please elaborate on the breakthroughs? My second question is about the city's electricity supply and supplies of gas for cooking and heating. Are they adequate for the winter season?

Chen Yin: Compared with other countries, Shanghai's main weakness in developing its modern service sector lies in its shortage of professionals. Since there is an urgent need for top-notch specialists in the service sector, we are trying to attract them to the city by setting recruiting priorities and offering them more training opportunities. In the past, we tended to overlook the needs and requirements of our new recruits. We have taken new measures to provide them with better living conditions and training programs. Priorities are given to the recruitment of specialists in the service sector. Top specialists in key service industries (for example, the arts, finance, logistics and IT) can get preferential treatment when applying for residence permit in the city. Meanwhile, the city will help newcomers who are employed as senior managers in the local service sector (for example, multi-national enterprises, research and development centers, financial institutions, investment companies, service agencies) to settle down by granting them housing subsidies or cheap lodgings. In order to ensure they live and work happily, we will see that they are covered by social welfare programs and that their children can enroll in local schools.

Jiao Yang: Under the principle of "setting electricity-use restrictions but not cutting the power supply; ensuring power supply to local residents and key industries", the city will take emergency measures this winter, including expanding local electricity productive capacity and shifting the production of local companies to night hours to avoid peak load times. Efforts will also be taken to ensure safe power and fuel gas supplies.  
Winter began on December 4 this year, 19 days earlier than last year. As the temperature drops, the city has seen high year-on-year growth in electricity consumption. As of December 12, local winter peak demand had reached 14.055 million kilowatts, far exceeding last winter's record of 13.296 million kilowatts.
In order to keep a proper balance between local electricity supply and demand, Shanghai Municipal Electric Power Company has bought-in electricity from other provinces while trying to expand its own productive capacity. Until now, the city has had an adequate electricity supply. The government departments concerned have made plans for emergency response and will adopt appropriate measures when specific situations arise. In addition, we will launch campaigns to raise social awareness about energy saving and build the city into a conservation-oriented one.
Shanghai Fuel Gas (Group) Co. recently held a meeting to discuss the ensuring of adequate gas supplies to meet peak winter season demand. Preparations include making emergency response plans, stockpiling of raw materials and carrying out maintenance of production equipment and pipelines. In an effort to ensure efficient operation at peak times, the corporation's affiliates, including the Shidongkou, Pudong and Wusong gasworks and the city's natural gas pipeline company, are scrutinizing their gas production and pipeline equipment. The corporation has made emergency response plans to prepare for any potential shortage of coal gas and natural gas (At present, the East China Sea and Xinjiang Uygur Autonomous Region are the main sources of local natural gas supply). It has also improved its production management, established regular contact with local weather stations and created a rapid-response system against abnormal weather conditions like cold snaps.
On the whole, local electricity and gas supplies are expected to meet demand this winter season.

9. South China Morning Post: I have a question. There are media reports that many local home buyers have cancelled the purchase contracts they signed before the rapid drop in real estate prices. It is also a way for them to seek refunds from property developers. Will the government intervene in disputes caused by falling prices? I have heard that the local authority is drafting a document titled "A report on social risks". Is it true? Could you elaborate on this topic and give us more details? Thank you.

Jiao Yang: The local authority keeps a close watch on the real estate market. To conduct and publish research on the market is part of the government's routine work.
I have noticed some media reports about the breaching of purchase contracts. It is a hot topic these days. We think that such economic disputes always exist in the real estate market. Some of them can be settled through negotiation, others through legal proceedings. The issue you mentioned is an economic conflict. We hope disputes will be settled properly and reasonably. In the event that negotiations fail, the two sides can take legal action. In a bid to meet the central government's requirement of maintaining stable housing prices and markets, the local authority will further regulate the local property market, and encourage its healthy and steady development. Thank you.

10. China Business News: Today's press conference has discussed the planned economic reforms in Pudong District. Could you brief us on the reform package? My second question is to Director Chen. I think the amount of influence that the local service sector exerts on the overall economy is still very limited. What's your opinion? How will the government develop the sector?

Chen Yin: Our reform package for Pudong District has been sanctioned by the State Council. We are working on the details now. In order to build Pudong into a model zone of modern service sector activity, we propose to take three measures. Firstly, we will allow foreign-invested service companies to register directly with the Pudong Administration of Industry and Commerce as long as their business registration comes under the purview of the bureau. Secondly, we will give strong support to the development of Pudong's financial industry. The People's Bank of China, the country's central bank, officially opened its second headquarters in Shanghai this year. This creates a good opportunity for us to implement more reforms in the local financial sector and promote its opening up. We will make efforts to attract financial institutions to Pudong, and build the Lujiazui Financial and Trade Zone into both a model of China's financial reforms and a national finance hub. Meanwhile, we will promote the development of financial information services in Zhangjiang bankcard industry park. Thirdly, we will conduct more pilot projects in Pudong in such fields as culture, education and healthcare. Pudong is encouraged to explore ways of reforming the public sector for the development of the city's and the country's service industries.
In answer to your second question, we think the development of the local service sector should emphasise certain key industries. Based on surveys conducted last year, we have decided what our priorities are in the service sector, namely finance, logistics, information services, the cultural industry, exhibitions and tourism, and agency services. We believe the growth of these six industries will boost the development of other associated industries. In addition, we plan to allocate zones specifically for the service sector. The zones will include three narrow strips of land along the Huangpu River, Suzhou Creek and Yan'an Road, and twelve downtown sites. We can accelerate the development of local service industries through the creation of these zones.