Shanghai's market regulators announced on Tuesday that they have launched a fully paperless system which allows foreign investors to go through the application process for projects rapidly and with "zero contact" over the Internet.

Jason Ibrahim Dwi, an Indonesian living in Shanghai for many years, applied to register a management consulting company in Shanghai recently. He has obtained an electronic business license under the system.

He originally planned to establish the new company in late March, but that was disrupted by the COVID-19 resurgence.