Lin’gang area is in the southeast of Shanghai, bordered by Pudong International Airport in the north and Yangshan international hub port in the south. It is an important node of Shanghai coastal passage. The transportation advantages of sea transportation, air transportation, railway, highway, inland river and rail transit are very convenient. Compared with the free trade zone, the new area near Hong Kong has an area of nearly 120 square kilometres, with a large starting area. According to the plan, the new area shall be managed by reference to the special economic zone. All reform and opening-up measures in the region, involving the adjustment of existing laws or administrative regulations, shall be implemented in accordance with the legal procedures and with the unified authorization of the National People's Congress or the State Council.

The new zone focuses on the "seven industries", namely, integrated circuit, artificial intelligence, biomedicine, aerospace, new energy and intelligent networked vehicle, intelligent manufacturing, high-end equipment and other key industries, and strives to build a world-class frontier industry cluster. The key industries focused in the new zone represent some key industries for China's economic transformation, development and upgrading in the future. According to the general plan of port new area of China (Shanghai) pilot Free Trade Zone issued by the State Council, the development goal of port new area is to establish a relatively mature system of investment and trade liberalization and facilitation by 2025, build a group of functional platforms with higher openness, gather a group of world-class enterprises, significantly enhance regional creativity and competitiveness, and enhance economic strength and economic energy jumped sharply. By 2035, a special economic functional area with strong international market influence and competitiveness will be built, more mature and finalized system achievements will be formed, and the core function of global high-end resource element allocation will be built, which will become an important carrier for China's deep integration into economic globalization.

1. The industrial development of the new zone will be in line with the internationally recognized free trade park with the strongest competitiveness and the national open development strategy.
2. Superior geographical location and convenient transportation. Lin’gang new city is adjacent to Pudong International Airport in the north and Yangshan port in the south. The traffic conditions are with full facilities including seaport, airport, railway, expressway and inland waterway. The location advantage is obvious.
3. For the qualified high-tech manufacturing enterprises engaged in production in key areas such as integrated circuit, artificial intelligence, biomedicine and civil aviation in the new area, the enterprise income tax shall be reduced by 15% within 5 years from the date of establishment.
4. Simplifying the administrative approval procedures.