Shanghai Free Trade Zone
Shanghai Free Trade Zone Formation Service
Hotline: 86-755-82143512, Email:email@example.com
The planning area of Shanghai Free Trade Zone is 28 square kilometers.Including Yang Shan Bonded Port Area,Wai Gao Qiao Bonded Area (Containing Wai Gao Qiao Bonded Logistical Park Area) and Pu Dong Airport Comprehensive Bonded Area.There will be tax preferential and special supervisal policies in these special areas.Compares with other bonded areas,the Free Trade Zone means more preferential policies and wider opening rage.
The difference between the Bonded Area ans Free Trade Zone of Shanghai
Different than other bonded area,the biggest feature of Free Trade Zone is the special custom supervisal system called "Domestic but out of Customs". Which means "Open the A line (Free Trade Zone and boarder line) and control the B line (Free Trade Zone and Non Free Trade Zone)".
General back ground of Shanghai Free Trade Zone's Approval,China is now facing the "Second Entrance to the World": China is not concluded in the European and America Free Trade Zone Negotiation and Pacific Partner Relationship Agreement.China is facing the big risk of "Second Entrance to the World" according the probability changes of future international trading rules and patterns.
Eight Supports for Shanghai FTZ Banking
China Banking Regulatory Commission (CBRC) announced eight measures to support banking in the Shanghai pilot free trade zone (FTZ). Chinese-funded banks can establish branches and upgrade outlets in the FTZ without the standard yearly limit for newly opened banks. Banking in the zone will allow qualified private capital to open banks, leasing companies and consumer financing companies, and to participate in stake investment of joint venture banks.
The measures also simplify access procedures for banks and improve the monitoring and service system. The eight supports offer investors more economic protections and will contribute to the development of Shanghai FTZ.
Policies for Shanghai FTZ Capital Market
The China Securities Regulatory Commission (CSRC) has issued a package of policies to support the capital market in the Shanghai pilot free trade zone. The measures include allowing securities and futures companies in the zone to set up subsidiaries and do over-the-counter trading in staple commodities and financial derivatives for domestic customers. Other measures include allowing securities and futures companies in the zone to set up subsidiaries and do over-the-counter trading in staple commodities and financial derivatives for domestic customers.
Qualified individuals and units, including financial institutes and companies, in the FTZ will be allowed to invest in both domestic and foreign fund markets.
Cultural Policies for Shanghai FTZ
Foreign-funded art performance institutions will be allowed to set up in the zone, no matter whether they are Sino-foreign joint ventures, Sino-foreign cooperative firms or solely foreign-funded ones. Foreign investors will also be allowed to invest in performance agencies. The third major policy change is that foreign game machine manufacturers will be eligible to sell their products in China, merely via their entities registered in the zone.
Favorable "Micro-environment" for Investment
A blueprint for China's pilot free trade zone (FTZ) in Shanghai indicates that Chinese policymakers attach great importance to investors' concerns and are looking forward to a favorable "micro-environment" for international investment and trade. It is set to explore new ways of reducing government interventions and opening the Chinese economy wider to global investment.
According to the blueprint -- a detailed plan for the development of the FTZ published on the government's website, China aims to lift the zone up to international standards featuring convenient investment and trade, free exchange of currencies, efficient supervision and a sound legal environment after two to three years of test operation.
Within the framework of the blueprint, the Shanghai FTZ takes into account investors' concerns in the fields of institutional improvement, management and operation, and public services
Shanghai FTZ offers new business hopes for investors worldwide to make profits in the near future. If you want to invest in Shanghai FTZ, You can rely on Tannet for help. If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to firstname.lastname@example.org. You are also welcome to talk with Overseas SME Service Department online by simply joining our MSN: email@example.com.
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