Officials at the China (Shanghai) Pilot Free Trade Zone have responded to criticisms of its "negative list" placing restrictions on foreign investment in the FTZ, saying that the current list of restrictions will be relaxed next year and revised on a yearly basis.
The involvement of logistics companies will be expanded throughout the China (Shanghai) Pilot Free Trade Zone in the foreseeable future.
Shanghai's pilot free trade zone will offer opportunities for companies seeking to tap overseas markets, expand their business, lower capital costs and currency exchange risks, and increase international competitiveness.
The China (Shanghai) Pilot Free Trade Zone is expected to catalyze demand for logistics facilities in the eastern region of the city.
The China (Shanghai) Pilot Free Trade Zone (FTZ) should be allowed to make mistakes as it carries out experimental policies, said Long Guoqiang.
There were 208 newly registered companies in the China (Shanghai) Pilot Free Trade Zone by Oct 28 in the first month of its operation since it was launched.
The mainland and Taiwan adopted 19 joint proposals at the Ninth Cross-Straits Economic, Trade and Culture Forum, one of which encourages the island to cooperate with the new Shanghai Free Trade Zone.
Industry insiders are calling for specific details on a move to enable enhanced convertibility of the capital account in the Shanghai Free Trade Zone.
The Shanghai pilot free trade zone (FTZ) has seen a total of 208 newly registered enterprises since October 1, local authorities announced Monday.
The first piece of land located within Shanghai's pilot free trade zone was sold for 230 million yuan ($37.8 million) on Wednesday.
An arbitration court was established in the Shanghai Free Trade Zone on Tuesday to offer legal services and settle commercial disputes for enterprises in the pilot area.
Active, growing financial markets and innovations in the sector are making Shanghai more prosperous as a financial hub.
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