# Pudong New Area, Shanghai

File photo shows an exterior view of the Shanghai Stock Exchange in Pudong New Area, Shanghai, east China. [Photo/Xinhua]

Shanghai's Pudong New Area is streamlining market access through reforms to its commitment and entry system. The area is consolidating multiple licensing procedures into a single, sector-wide system, replacing the previous approach of separate notifications for individual licenses. This change significantly reduces approval times and simplifies procedures.