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Following a city-wide meeting to mobilize the business reform agenda at the end of 2017, business reform became the top priority of Shanghai municipal government, the World Bank said. The first batch of major projects will mobilize 210 billion yuan of social investment and the remaining investment will come from local governments at all levels, said Ma Chunlei, head of the Shanghai Municipal Development and Reform Commission. On December 16 2019, Sinovant Sciences is granted as Advanced Technology Service Enterprise by 5 government agencies (Shanghai Science and Technology Committee, Shanghai Municipal Commission of Commerce, Shanghai Municipal Finance Bureau, Shanghai Municipal Tax Service, Shanghai Municipal Development and Reform Commission). 6. to analyze in general the city’s social funds situation, study and put forward investment and financing scheme of important projects in government investment, and coordinate, guide and undertake the investment and financing of municipal-level investment companies in the projects invested by the government; to put forward opinions on the balance and coordination of the city’s funds including the fiscal budget funds, government funds and state-owned assets; to overall integrate and balance the municipality’s financial industry development planning with the national economy and social development planning and plans, study and put forward the policy and suggestion on promoting the economy through finance, participate in relevant work of the direct financing, indirect financing and financing risk prevention, take charge of reporting and supervising the municipality’ enterprise bonds issuance, and take the lead in coordinating and promoting the development of the municipality’s venture capital investment and industry investment funds; to participate in studying the municipality’s finance and taxation policies as well as supervising various social security funds;9. to study and analyze the reform of economic and social development of districts and counties, and put forward relevant policies of urban-rural integration; to make overall plans and coordinate the important issues involving the “governments of two levels and management of three levels” of the municipality, the districts and counties, and guide the development and reform of the districts and counties; to cooperate with the municipality’s relevant departments in studying and putting forward the policies and opinions on the city’s urbanization development strategy as well as the suburban town system and town layout, and promote the suburban town construction; to participate in studying the major problems and policies in the municipality’s development and reform of the “countryside, agriculture and farmers”;3. to make overall plans of and coordinate the reform of the municipality, study and put forward the framework and method, and draft the mid-term and long-term reform planning and the focal point of the annual reform work; to study the major issues of the economic system reform and opening up, and guide, promote and coordinate the economic system reform; to study and put forward the policies on enhancing the market-oriented reform and the ownership structure adjustment; to study and put forward the policies on promoting the development of the non-public ownership and policies on boosting the fair competition and joint development of diverse forms of ownership; to cooperate with the municipality’s relevant departments in studying and putting forward the general method, plan and relevant policies of reforming the public sector and social organizations; to participate in studying and integrating schemes of special economic system reform, and coordinate and promote the special economic system reform; to coordinate and solve major issues in the economic system reform; to guide and promote the pilot of economic system reform and reform experimental zones; to guide and promote the reform and development of the intermediaries of the market;16. to study the major issues of the integrated development of the municipality and the country’s regional economy, put forward the strategies, systems, mechanism and major policies and suggestions on the municipality’s service for the Yangtze River Delta, the Yangtze River valley and the nation as well as the promotion of the coordinated regional development, and participate in drafting the mid-term and long-term planning of cross-regional cooperation; to coordinate in general the major issues in the regional economic development, and promote the construction of relevant key projects;8. to monitor and predict the municipality’s price level, and study and put forward the goal of adjusting and controlling the overall price level, measures on price policy and suggestions on price reform; to study, formulate and organize to implement the price adjustment schemes for important commodities and services managed by the government; to take charge of administrating the municipality’s administrative and institutional charges according to division of labor, draft and adjust the charging standard, and take charge of the fee collection management of the intermediary services; to supervise and check the implementation of the pricing policy, and investigate and punish the illegal pricing, monopoly pricing activities, etc.