Shanghai FTA Registered Company: "This Winter Is Not Too Cold."

< p > < strong > foreign enterprises compete in the free trade zone < /strong > /p >

"P" in the listing ceremony, Shanghai Bai Jia Information Technology Development Co., Ltd. became the No. 001 enterprise.

The joint venture founded by the United States Microsoft Corp and the Chinese TV new media company, 100 view company, is willing to blow the first horn of the foreign enterprises to enter the a href= "http://www.91se91.com/news/index_c.asp" > http://www.91se91.com/news/index_c.asp > /a >.

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Besides P, eleven foreign-invested enterprises such as the Thailand Chinese enterprise in 2012, the Porsche group and the Italy clothing brand Zegna are among the first entry lists.

Among them, Citibank and DBS Bank of Singapore were settled in sub branches. The Bank of Paris in France set up general business enterprises in the free trade area.

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< p > according to the registered company network (http://www.shgs.gov.cn), more than 10 foreign banks including HSBC and Bank of East Asia have been allowed to set up branches in the free trade area.

Since the FTA bank adopts simplified access mode, the approval of the branch is far faster than that of the branch. HSBC, East Asia Bank and other foreign banks in the second batch of foreign banks are at the expense of the "submission" of the branches submitted by the first instance, so as to shorten the time required to enter the examination and approval.

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HSBC China believes that the establishment of the Shanghai free trade zone has opened a new milestone for China's "a href=" http://www.91se91.com/news/index_c.asp "financial reform" < /a >, bringing new opportunities for the sustainable development of the world's most active economies. "P"

The Bank of East Asia also said that the establishment of the free trade zone is a major move for China to push ahead with reform and opening up under the new situation. I believe that the gradual improvement and construction of the Shanghai free trade zone will surely become an important carrier for China's further integration into the economic globalization.

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The general plan of Shanghai free trade area announced by the State Council in September 27, 2013 is not only supported by the establishment of foreign investment banks in the free trade area, but also supports the establishment of Sino foreign joint venture banks. P

It is reported that more than ten overseas agency banks, including Sumitomo Mitsui bank, Japan, have reached cooperation intentions with the Bank of China and other domestic banks on Shanghai FTA business.

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Sun Lijian, vice president of the school of economics, Fudan University, said in an interview with the media that at present, several foreign banks approved were the first foreign financial institutions to enter the Chinese market. They belonged to "docile tigers". "These banks are familiar with the rules of the Chinese market, and they clearly and correctly play their energy, which is good for both sides of the world". P

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Statistical data of the < p > Administrative Committee of the free trade area show that as of December 9, 2013, the business sector has completed 2194 new enterprises, mainly in trade and service enterprises, accounting for 65% and 27% respectively.

In the newly established enterprises, the proportion of domestic enterprises is relatively high, 2105 new enterprises have been set up, and the registered capital of domestic capital has totaled 45 billion 600 million yuan, with an average registered capital of nearly 22 million yuan per household.

There are 89 new foreign-funded enterprises, and the registered capital of foreign capital exceeds US $620 million, with an average registered capital of 7 million US dollars per household.

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< p > with the introduction of various policies in the free trade area, more and more foreign-funded enterprises have seen the dividends that can be set up in the free trade area. "Many multinationals are conducting in-depth research on the pilot contents and market opportunities of the pilot area, and it is expected that with the gradual implementation of the system innovation and the further improvement of the business environment, the experimental area will usher in a new wave of foreign investment."

The deputy director of the Free Trade Area Management Committee, Jane Da Nian, said.

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< p > < strong > the situation of "bonus" of foreign investment in the area is less than /strong > /p >

< p > for foreign-funded enterprises that have settled down and are expected to settle in the Shanghai free trade area, the related policies of the FTA's foreign investment are closely related to their business development in China.

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< p > reporter has consulted relevant information and found that since the launch of the free trade area, a number of ministries and commissions such as the State Council, the Banking Regulatory Commission, the CIRC, the central bank and so on have issued a series of opinions and methods, and a total of 98 reform measures have been encouraged and guided to enter the foreign capital in terms of system innovation, service industry opening and function expansion.

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< p > all the policies of the free trade area contain relevant policies related to foreign investment or foreign investment in China, emphasizing the pformation of the general overseas investment project from the approval system to the filing system, the post event supervision in the investment link, and so on, and establishing the main position of the enterprises and individuals in foreign investment. By reducing the examination and approval link, we shorten the < a href= "http://www.91se91.com/news/index_c.asp" > approval "/a" time, and relax the "going out" and "going in" in the free trade area.

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< p > in regard to foreign investment management, an important reform measure carried out by the FTA is to draw on the international common rules, implement the national treatment before foreign investment in the FTA, and adopt the management mode of special management measures for foreign investment (negative list).

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< p > according to the agency of the free trade area (http://www.shymh.cn/), the special management measures for foreign investment admittance (negative list) are based on foreign investment laws and regulations, general plan and foreign investment industry guidance catalogue (revised in 2011), etc., and indicate the discrepancy in the foreign trade investment projects and the establishment of foreign-invested enterprises in the FTA.

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Except for the special administrative measures (negative list) of foreign investment access, < p >, in accordance with the principle of consistency between domestic and foreign investment, the foreign investment project is changed from the approval system to the filing system. However, the State Council stipulates that the approval of the domestic investment project is excluded, and the examination and approval of the foreign-invested enterprises' contracts and articles of association shall be changed to record management.

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< p > in the negative list, Ai Baojun, director of the Standing Committee of the Shanghai Municipal Committee, vice mayor and the Management Committee of the free trade area, once said in an interview with the media, "this is a completely new attempt. There is no precedent to follow."

He said that the negative list of the 2013 edition involved 18 categories, 89 categories, 419 categories, and 1069 sub categories.

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< p > "the negative list of the 2013 edition has achieved the goal that the negative list is finer and clearer, the greater the release space and the higher the pparency."

Ai Baojun said.

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< p > and according to the latest media reports, the negative list of the 2014 edition of Shanghai free trade area will be released in May 2014.

The revised version of the new negative list is not the same as the industry's guess, which is "demolished and repaired" directly on the 2013 old version. Instead, it lists all the terms and conditions of the foreign investment restricted ministries, and discusses them with the relevant ministries and commissions. First, the addition and subtraction will weaken the taste of the 2013 edition approval system.

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< p > in the management of overseas investment in the free trade area, when the enterprises in the FTA go abroad to invest in the establishment of enterprises, they will implement a management system based on filing system, implement a filing system for the general projects of overseas investment, and raise the level of overseas investment < a href= "http://www.91se91.com/news/ index_c.asp" > convenience /a < >.

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< p > < strong > how much bonus can be obtained? It needs to wait and see < /strong > < /p >.

< p > last December 10th, the electricity supplier 1 shop announced that it will enter the Shanghai free trade area.

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< p > an electricity supplier could not set off a big storm, but when people discovered that the trader behind it was a commercial giant WAL-MART, the original "calm" moment added a bit of foreign flavor.

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< p > it is reported that WAL-MART bought 1 shop in 2012, which once became a focus event.

However, according to the provisions of the commercial department at that time, the assets of shop No. 1 of WAL-MART holding company could only be self operated.

Now, with the help of the method of setting up a new company in the free trade area, the No. 1 store has recovered the platform business, breaking the dilemma of a one and a half years of stripping operation.

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< p > however, for the bonus situation that can be enjoyed in the free trade area, the relevant person in charge of shop No. 1 said that at present, due to the fact that the policy has not yet been implemented, the number of bonuses that the first store will enjoy in the future will also need to wait and see.

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"P > a person in charge of foreign institutions who does not want to be named has also told reporters that" the current construction of Shanghai free trade area is actually general.

With regard to the reform of the investment system, without the guidance of more specific rules, we can not see clearly what parts of the future can be further developed.

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< p > foreign media commented that although the establishment of the Shanghai free trade zone has speeded up the speed of opening up to foreign investment to some extent, the reform rules of the free trade area in terms of RMB internationalization are few and far between.

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Joerg Woodk Wuttke, former chairman of the European Union Chamber of Commerce in China, was slightly disappointed about the details of the reform plan, Joerg Wuttke.

He was very optimistic about the FTA, but recently he expressed concern about the official's cautious attitude.

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< p > Citibank China Chairman Ou Zhaolun (Andrew Au) said in an interview with foreign media that Citigroup had no knowledge of the specific banking rules of the FTA, but the reason why Citigroup was settled was because "from the general direction, it is undoubtedly a bright road".

He also noted that at the beginning of the establishment of the Shenzhen Special Administrative Region, its policies lacked details.

Ou Zhaolun believes that this is just the beginning. When the two most important reforms of RMB convertibility and liberalization of interest rates are realized, there will be a better "a href=" http://www.91se91.com/news/index_c.asp "opportunity" /a.

Lu Ting, Lu of Merrill Lynch, also said, "anecdotal rumours suggest that despite the strong willingness of the State Council to promote FTA, China's financial regulators are not optimistic about the FTA because there are many technical thorny issues."

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Shen Jianguang, managing director of Mizuho Securities Asia Ltd., said: "Shanghai free trade zone is not limited to financial and trade reform." P

As a pilot project, it also shoulders the mission of exploring a more efficient legal and administrative management mode.

The Shenzhen Special Administrative Region has brought about thirty years of rapid growth of China's economy. The Shanghai free trade zone is trying to promote the domestic economic restructuring with a global perspective.

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< p > however, no matter how the outside world appraise the construction of Shanghai free trade area, the managers of the free trade area still maintain the attitude of promoting development with reform, and constantly communicate with foreign enterprises and chambers of Commerce.

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Ji Ruida Jarrett, chairman of the American Chamber of Commerce in Shanghai, is one of the regulars of the office of the Management Committee of the free trade area (P). (Kenneth)

Schwab, chairman of Charles Schwab, has also come to China for several times to discuss with senior Chinese leaders about the settlement of Shanghai's free trade area.

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< p > "there are huge business opportunities in Shanghai, but there are still more details to be provided."

Schwab said.

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