Shanghai Free Trade Zone Recently Issued Pilot Documents

< p > the State Council Information Office held the "China and foreign correspondents collective interview activities in the free trade experimental area of China" (a href= "http://www.91se91.com/news/index_p.asp" > < Shanghai > /a >) held in Shanghai. The Standing Committee of the CPC Shanghai Municipal Committee, vice mayor, Ai Baojun, the chief executive of the pilot area management committee, Deputy Secretary General of Shanghai municipal government, and executive deputy director of the Shanghai Free Trade Zone Management Committee, briefed Chinese and foreign journalists on the progress of Shanghai's FTA pilot area in the past two months.

As of November 22nd, the FTA has received more than 58 thousand consulting and handling businesses, including nearly 6000 enterprises.

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< p > reporter noted that regarding the central bank's formulation of the financial policy rules of the Shanghai free trade area, Ai Baojun revealed that the central bank is leading the formulation of the financial policies and regulations for Shanghai free trade area. At the same time, the pilot documents of the Ministry of Commerce and the people's Bank of China's FTA pilot area will be released in the near future.

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< p > < strong > new enterprises exceed 1400, < /strong > /p >

< p > statistics show that as of November 22nd, there were 1434 newly established enterprises in 35 working days, of which 38 were newly established enterprises, with an average registered capital of nearly 15 million US dollars, and 1396 new domestic funded enterprises with a registered capital of more than 34 billion 700 million yuan (the same below), with an average registered capital of nearly 25 million yuan per household.

Among the newly established enterprises, trade and service sectors accounted for 69% and 26% respectively, and some financial and logistics enterprises settled.

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< p > for everyone concerned about the registration of foreign-funded enterprises is small, and the number of domestic enterprises registered a large number of problems, Dai Haibo said that foreign-funded enterprises accounted for the proportion of the total number of approved enterprises is 3%~5%, foreign-funded enterprises registered less and negative list length has nothing to do with.

"The low proportion of foreign capital registration is due to the relationship between language and culture.

They are relatively calm, more objective, and have been carefully evaluated. If some enterprises do only in the mainland and do not involve two markets or two kinds of resources, they will not necessarily enter the FTA.

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< p > > a href= "http://www.91se91.com/pioneer/" > Dai Haibo < /a >, said: "in general, the volume of enterprises is large, the average registered capital of domestic capital is 25 million yuan (RMB), and the average registered capital of foreign capital is close to US $15 million.

From this point of view, the overall quality of registered enterprises is still relatively good.

However, some foreign companies are still waiting for further details, especially financial rules.

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< p > < strong > strive to achieve project landing < /strong > < /p > during the year.

< p > Ai Baojun introduced at the meeting that the Shanghai free trade pilot area chose 6 major fields and 18 industries to open wider to the outside world. There were 23 restrictions on such measures as suspension and cancellation of investor qualification requirements, stock ratio restrictions and business scope restrictions.

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< p > at present, 12 open measures have been implemented in the 23 open policies of the six major service industries in China (Shanghai) free trade pilot area.

The 7 open measures need to formulate corresponding management methods, such as playground equipment production and sales, performance brokers, entertainment establishments, education and training, vocational skills training, medical institutions and value-added telecommunications, after the relevant administrative regulations and State Council documents are suspended.

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< < p > the remaining 4 open measures need to amend relevant administrative regulations or implement relevant rules and regulations after further clarifying the policy caliber with relevant ministries and commissions of the state, such as ocean cargo pportation, international ship management, limited license banks and lawyer services.

< a href= "http://www.91se91.com/news/index_c.asp > > Free Trade Zone < /a > the CMC will strive to promote 19 projects in 23 measures to achieve project landing on the basis of the operation process and specific requirements of the policy landing.

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< p > according to the "daily economic news" reporter, in order to support the first trial in the free trade area, the Standing Committee of the National People's Congress decided to suspend the implementation of the partial provisions in the law for three years in August 30th. Another 16 administrative regulations of the State Council and 4 State Council normative documents are proceeding and will be suspended for three years.

Dai Haibo said he hoped to see the results in the first half of next year for three years to suspend the implementation of the 20 regulatory documents.

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Beyond P, business opportunities outside the FTA are also noticeable.

Dai Haibo revealed at yesterday's meeting that the next step will be to set up a high-end trading platform for bonded display and duty paying pactions in a specific area outside the Pudong area, the surrounding airport area and the Yangshan port area.

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< p > < strong > financial rules are still being worked out < /strong > < /p >.

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< p > Ai Baojun said at the press conference that at present, the Management Committee of the FTA is working closely with the municipal finance office and the "one line and three meetings". In line with the PBC's accounting and accounting operation method, it has sorted out more than 6000 stock enterprises in the region to help banks establish enterprise data ledgers, and supported the PBC to accelerate the construction of the FTA pilot capital monitoring system and implement the risk prevention mechanism, so as to prepare for the RMB capital account convertibility, interest rate marketization and the related policies of RMB cross border use.

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< p > on the issue of how foreign banks set up branches in the Shanghai Free Trade Zone, Wu Jun, deputy director of the finance office, said that the establishment of foreign-funded banks into the FTA is not only a matter of obtaining national treatment of foreign capital, but also has been upgraded, set up and set up under the current supervision. There is no restriction in the FTA.

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