10). Scaling up financial support

The municipality’s funds allocated to support strategic emerging industries, foreign trade, international cooperation and service sector should be utilized in the construction of the public service platform for cross border e-commerce, in the training for professional talents, in the expansion into global markets, in the establishment of international marketing network and in the construction of overseas warehousing system.

The promotion of model enterprises and construction of demonstration industrial parks should be prioritized as recipients of such financial support. Businesses operating in cross border e-commerce that are recognized as high-tech enterprises are entitled to an array of favorable polices. There should also be favorable tax policies available for small and micro-sized businesses.

A diversity of financing means should be fostered to facilitate the growth of cross border e-commerce businesses. Local governments should encourage financial institutions to offer supply chain finance and factoring service to help cross border e-commerce companies to better risk control.

The financial institutions should be advised to strengthen cooperation with e-commerce platforms and innovate their online financing and guarantee businesses to suit the development of cross border e-commerce businesses. Local governments should offer advice for financial institutions to provide unsecured loans and credit insurance policies.

Venture capitals should be guided to support the startups in cross border e-commerce, while promising cross border e-commerce companies should be pointed to the way to go public.

11). Channeling more resources to research efforts and cultivating more talents

Local governments within Shanghai municipality’s jurisdiction should explore in depth policies and regulations that will ensure the healthy development of cross border e-commerce, as well as international general practices.

Local governments should encourage companies, organizations, and universities to set up research facilities to provide theoretical and intellectual support to the innovations to take place within cross border e-commerce sector.

Local governments should facilitate the institution of industry bodies or intermediaries and help set up credit certification system for the industry to help confine market players’ behaviors.

Local governments should offer guidance and help formulate industry standards and grading criteria with the aim to ramp up the innovative forces in the industry and push for more international cooperation.

Local governments should make efforts to foster or introduce talents, should encourage companies, non-government organizations and educational institutions to cooperate in offering educational services focusing on cross border e-commerce. Qualified entrepreneurs should be encouraged to settle in the municipality’s jurisdiction, and educational institutions and training agencies should be encouraged to open entrepreneurship courses. 

12). Bettering market environment and improving tallying technics

Local governments should build on the credit certification system and consummate the credit assessing mechanism, should enhance product quality inspection and push for a traceability system to be formed to ensure accountability of product quality issues, should expl0re and develop a product quality supervision system that include risk monitor, online spot check, and origin tracing functions to achieve interdepartmental and interregional information sharing and coordinated supervision.

Local governments should regulate cross border e-commerce companies’ business behaviors, make sure they take responsibility for quality safety, create a market environment for fair competition in which consumer rights protection organizations can fully exert their functions, and help enterprises to improve after-sale services framework and reinforce their capability in resolving consumption disputes by strengthening bilateral and multilateral cooperation.

Local governments should level up intellectual property rights protection, and grimly crack down on tort acts.

Local governments should perfect the statistical method used in the tallying of foreign trade data. All supervision authorities should be connected to a public service platform which aggregates cross border e-commerce entities, trade volumes, products information, exchange settlements, and tax rebates.