The General Office of the Shanghai Municipal People's Government issued the “Shanghai Action Plan to Promote High-Quality Development of Small and Medium Enterprises”. The plan mentions implementing tax relief policies. Fully implement the country's various tax support policies. Implement difficult reduction policies for real estate tax and urban land use tax in accordance with regulations for enterprises that meet the direction of industrial development in Shanghai. Continue to implement a phased reduction in registration fees for domestically produced drugs and registration fees for domestic Class II medical device products by 50% and 65%.

The General Office of the Shanghai Municipal People's Government issued the “Shanghai Action Plan to Promote High-Quality Development of Small and Medium Enterprises”. The plan mentions implementing tax relief policies. Fully implement the country's various tax support policies. Implement difficult reduction policies for real estate tax and urban land use tax in accordance with regulations for enterprises that meet the direction of industrial development in Shanghai. Continue to implement a phased reduction in registration fees for domestically produced drugs and registration fees for domestic Class II medical device products by 50% and 65%.