Shanghai FTZ’s negative list to be shortened
March 31, 2014 Category Foreign investment, Weekly
The so-called “negative list” for investment in the Shanghai free trade zone (FTZ) may be cut by 40% in 2014, meaning more sectors will be opened up to investors in the zone, according to Zhou Zhenghua, Director of the Development Research Center of the Shanghai government. The list currently includes 190 special regulatory measures, covering a broad range of activities. The list is reviewed annually. Shanghai Mayor Yang Xiong said two concerns stood out: “One concern is the list is too long. Another is how to secure its transparency”. “Further liberalization of service sectors, including senior care, architectural design, accounting and auditing, e-commerce and film production, is among the priorities for the pilot zone this year,” said Jian Danian, Deputy Director of the China (Shanghai) Pilot Free Trade Zone Administration. The Administration also plans to lower the threshold for foreign investment in emerging industries such as marine engineering equipment, aerospace manufacturing and new energy, he added. According to a note from Haitong Securities, enterprises and investors should have fresh confidence in the FTZ as policy relaxations in the zone accelerate and favorable conditions boost trade.
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world