On July 7, 2008, the People’s Government of Shanghai Municipality promulgated a new set of Rules for Encouraging Multinational Companies to Set-up Regional Headquarters (the “2008 RHQ Rules”), replacing an old pack of regulations of the city back in 2002. The new 2008 RHQ Rules aim to prompt Shanghai as the favoured location for multinationals setting up regional headquarters (“RHQs”), in the wake of the national campaign of forging Shanghai as the incoming financial centre that is regaining momentum in the recent policy move.


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