New Free Trade Zone to Benefit China.docx

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1、New Free Trade Zone to Benefit ChinaOne day earlier, the State Council released overall plans for Guangdong, Tianjin and Fujian free trade pilot zones, a plan for further developing Shanghai free trade zone, a negative list of free trade zone, and a trail method for a safety review on foreign invest

2、ment country. On the same day, the Information Office of the State Council held a press conference, related officials from Commerce Ministry, Shanghai, Fujian, Tianjin and Guangdong all attended and discussed overall plans for free trade zones.More InnovationCompared with Shanghai free trade zone, o

3、verall plans for the four free trade zones include a number of institution and mechanism innovation measures. Assistant commerce minister Wang Shouwen said, “The new trade zones copied successful experiences that Shanghai trade zone has gained, made innovations in four fields such as investment admi

4、nistration system, trade regulations, financial system and during/after regulations,and further put forwarded new measures such as administrative consulting system, separation of approval and management, and centralized approval.For example, the overall plan for Tianjin free trade zone described “Ti

5、anjin leads the innovation of leasing industry policy, forms a developing environment of leasing industry with international standards, and speeds up the establishment of a demonstration area for leasing innovation in China.Shanghai free trade zone also added new contents this time. “On the basis of

6、 last one and a half years, we added new pilot contents; for example, foresee crisis, rights protection, information disclosure, technical innovation and talent service system. director of the administrative committee of Shanghai free trade zone and Pudong new area party committee secretary Shen Xia

7、oming said.Further OpeningMeanwhile, the four free trade zones will be further opened. According to Wang Shouwen, the four free trade zones will take a unified and more convenient register system of foreign investors establishment and alteration which matched with negative list management pattern.Ea

8、ch Free Trade Zone has Its Own FocusAlthough openness and target are similar, the four free trade zones each has its own focus: Guangdong free trade zone focuses on promoting closer economic cooperation between inland China and Hong Kong Macao; Tianjin free trade zone focuses on a coordinated develo

9、pment of Beijing, Tianjin and Hebei; Fujian free trade zone focuses on deepening the crossstrait economic cooperation; Shanghai free trade zone continue to take lead in trade and investment facilitation, currency convertibility, efficient regulation and rule of laws.“Under CEPA Closer Economic Partn

10、ership Arrangement, Guangdong, Hong Kong and Macao basically realized free trade of the service this year, had 160 service trade departments. And this year Guangdong free trade zone opened 153 to Hong Kong and Macao, which is its own merit. Wang Shouwen said.Yan Qingmin, deputy mayor of Tianjin said

11、, Tianjin free trade zone focusing on Beijing, Tianjin and Hebei includes enhance radiation function of port service; encourage Beijing, Tianjin and Hebei realize industry transformation and upgrading through cross-regional merging and reorganization; speed up exploration on how to synergize financi

12、al supervisions in Beijing, Tianjin and Hebei.“Deepen cross-straits economic cooperation is a main feature of Fujian free trade zone plan. Zhen Zhajie, vice governor of Fujian province said, concrete measures includes exploring a new pattern of industry cooperation between Fujian and Taiwan, further

13、 open service trade to Taiwan, promote Fujian and Taiwan trade liberalization of goods, promote cross-strait financial cooperation trial, and make cross-strait exchanges more convenient.The four free trade zones also have their own features and focus in financial reform and innovation. Cheng Jun, ge

14、neral manager of trade finance department of the Bank of Chinas head office said, Shanghai free trade zones capital exploration project can help build international financial center; Guangdong free trade zone develops GuangdongHong Kong-Macao cross border capital channel to support liberation of ser

15、vice trade; Tianjin free trade zone upgrades manufacturing industry through developing financial lease industry; Fujian free trade zone focuses on promote cross-strait financial industry trial. According to the overall plans, the new free trade zone pattern includes more pilot contents, and will ope

16、n a new way to the reform and opening up. But its implementation involves multiple departments related to management system, industrial commercial registration and custom clearance. It requires for learning more from Shanghai free trade zones experiences, implementing these measures as quickly as po

17、ssible, and promoting them in a larger scale, in this way, a higher level of openness and a new economic growth point will be formed in China, which can ensure a steady economic growth in China.Will China have more free trade zones?In recent two years, more regions in China are applying for free tra

18、de zones. In terms of this, Wang Shouwen said, the four free trade zones will be fully assessed after being operated for a period of time, the major work now is to prove that the free trade zone can be copied and be promoted as an innovation nationwide instead of building more and more free trade zo

19、nes.“Nowadays, free trade zones are no longer a bottomland for policy. In free trade zones, there is no policy about tax preference. Wang Shouwen said. Unlike special economic zones, besides emphasizing on opening up and system innovation, free trade zones particularly stressing on during/after regu

20、lations, as well as risk prevention control system.According to the State Councils overall plan, the four free trade zones are all required for leading the reform and opening up, and building a new highland for Chinas reform and opening up.Reform initiatives of free trade zones not only build a new

21、highland for reform and opening up, but also have a great influence on ordinary peoples living and immediate interests.Haitao tribe people who buy overseas things online in free trade zones can directly buy things at overseas Haitao websites, enjoy the same price, and can even pay by Ren Min Bi. The

22、 goods will be shipped from free trade zones directly. It can not only save buyers time, but also save buyers money since the imported goods in free trade zones are 10%-30% cheaper than those in other place of China. The price of imported goods in free trade zones is really very low.Since free trade

23、 zones are committed to build an international, legalized and market-oriented business environment, it will definitely has a high demand for high-level talents. In addition, since market access is lowered, foreign-funded enterprises in free trade zones increased, which creates more and more opportun

24、ities for working in foreign ventures.It is estimated that the same imported car in free trade zones is 15%-30% cheaper than that sold in traditional 4S store. Meanwhile, because of introducing competition to this industry, after-sales service of the previously called informal imported car is more s

25、tandard.Whats more, in free trade zones, individual can trade Hong Kong and US equities through opening free trade account. Since offshore banking unit entered free trade zones to compete with local banks, ordinary people in China can have more financing choices.Mass innovation has become a trend in

26、 China. Starting a business will be easier in free trade zones, and will enjoy more preferential policies, which are mainly reflected in simplified process, preferential policy of import tax and innovation advantages of a number of financial policies.Since free trade zones lowered the threshold for foreign capital entrance, foreign-invested hospitals can enter into free trade zones. Ordinary people can enjoy the same service in free trade zones without going overseas.本文档【New Free Trade Zone to Benefit China】更多文档欢迎访问wendang.chazidian

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