May 2010
Sailing with the wind: With government policy support, competition and collaboration with Hong Kong and Singapore, Shanghai is emerging as the next international shipping centre
With the support of the Shanghai government, Shanghai has now accelerated the steps in developing itself as the centre of international shipping business. This article covers the relevant tax incentives or preferential tax treatments available in the region as well as a preview of the expected policies to be issued by the local government in 2010. It also includes a comparison summary as to shipping business models adopted among Hong Kong, Singapore and Shanghai (Yangshan Free Trade Port). This article further explores the future development on the integration of the shipping industry and the related tax strategies among China, Singapore, Hong Kong and the other Asia Pacific regions.
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