Fujian Free Trade Zone Will Release 8 Major Reform Dividends

The policy interpretation also indicated that the Fujian import and export display and marketing center of Fuzhou in the free trade area of Thailand also began trial operation recently, and the prices of goods from Thailand, France, Germany and other countries were 20% to 30% on average.

At the same time, the policy interpretation also indicated that the overall plan of the Shanghai Free Trade Zone suggested that foreign-funded financial institutions with appropriate conditions be allowed to set up foreign banks, and eligible private capital and foreign financial institutions jointly set up Sino foreign joint venture banks. This measure is also expected to be replicated in the Fujian free trade area. In the future, the value added channels of Fujian citizens will also be broadened.

Policy interpretation also pointed out that Shanghai, Guangdong, Tianjin, Fujian, the four major FTA share a negative list, because the current FTA pilot is for future replication to the whole country, a unified negative list so that four FTA in the management of a unified starting line, not easy to produce vicious competition, the same negative list, unified and transparent, is conducive to future replication. In addition, the same negative list is also conducive to bilateral trade negotiations with the United States in the future. This is also the first time that the official level has explained why the four free trade zones are using the same list.

The import and export outlets can be set up in the FTA. This will help to import more imported goods, and consumers will have more choices. The purchase and refund of goods will also be very convenient.

Since December 26, 2013, the Shanghai free trade zone has set up a direct selling center for imported goods. The price of imported goods is 10% to 30% cheaper than that of the market. In addition, the "import and export display and marketing center" of the Fuzhou Free Trade Zone in Fujian has also begun trial operation recently. The prices of goods from Thailand, France, Germany and other countries are 20% to 30% cheaper than the average supermarket prices. Compared with the fact that "Hai Tao" is too slow from abroad, it is too expensive to buy from domestic supermarkets, and online shopping is not clear and true, the price of imported direct selling stores is affordable and reliable. This has become the main reason why many consumers choose to go shopping in the free trade area.

Parallel imported cars refer to cars that are not authorized by brand manufacturers, traders buy from overseas markets, and are introduced into the Chinese market for sale, that is, commonly known as "parallel imports" vehicles. At present, the Shanghai free trade zone has begun parallel import car pilot, Shanghai FTA parallel import vehicle display and trading center was officially opened in February 15, 2015. Because the parallel import car broke the monopoly of 4S shop's single channel car purchase, bypassing the sales link of the general distributor, the regional distributor and the 4S store, consumers will be able to buy imported cars at a cheaper price, especially imported luxury cars. Land Rover Range Rover and other models, in parallel import channels than 4S store channel is nearly 200 thousand yuan.

"Allowing the establishment of wholly foreign-owned medical institutions" is one of the highlights of the overall plan of the Shanghai free trade zone. The first wholly foreign-owned hospital invested by the German atmont group and Yinshan capital will be set up in the Shanghai free trade area, and a framework agreement has been signed in July 2014. And this is expected to become the "standard" of Fujian free trade zone. With the establishment of more foreign hospitals, people can experience medical services in foreign hospitals without leaving the country. Moreover, foreign hospitals in FTA can introduce advanced medical equipment abroad at lower cost, and the cost of seeing a doctor is expected to decrease.

　　 financial system Innovation is an important part of the free trade area. With the improvement of financial openness in the FTA, investors can enjoy better investment and financial services, and property value-added channels will also widen. According to the central bank's "opinions on financial support for the construction of free trade pilot zones in China (Shanghai)", residents in the experimental area can set up foreign currency free trade accounts to carry out innovative investment and financing businesses. The overall plan of the Shanghai Free Trade Zone proposes that foreign-funded financial institutions with appropriate conditions be allowed to set up foreign banks, and eligible private capital and foreign financial institutions jointly establish Sino foreign joint venture banks. This measure is also expected to be duplicated in the Fujian free trade zone. It can be expected that with the introduction of relevant supporting rules, individuals can invest in overseas capital markets such as Hong Kong stocks and US stocks through free trade accounts, and domestic investors will not miss such investment banquet as Alibaba. With the entry of more foreign banks, people will enjoy more financial choices.

After landing in the FTA, more and more people can enjoy a traveling abroad. According to the overall plan of the Shanghai Free Trade Zone, eligible foreign joint venture travel agencies registered in the pilot area are allowed to engage in outbound tourism other than Taiwan. This measure is also expected to be replicated in the Fujian free trade area.

Experts said that before the trip, the international travel agencies in the free trade zone could choose the routes without having to wait for the landing to go to the group again. This improved the convenience of travelling abroad and prevented some risks of traveling abroad.

The implementation of the negative list system in the free trade area has a lower threshold for business and a lot of preferential tax policies. This will bring rare opportunities to the entrepreneurs. The overall plan of the free trade area puts forward the establishment of a negative list management mode. In addition to the areas outside the negative list, the foreign investment projects will be changed from the approval system to the filing system according to the principle of consistency between domestic and foreign capital. In addition, the establishment of Sino foreign joint venture intermediaries is permitted. Hong Kong and Macao services The provider establishes sole proprietorship intermediary. With the increase of foreign-funded enterprises and talent intermediary structure in the FTA, more and more opportunities to take up foreign enterprises will be available. Employers will also be more convenient to recruit high-end talents from abroad, and all kinds of talents will find a way in the FTA.

In accordance with the overall plan of the FTA, the establishment of wholly foreign-owned entertainment establishments is permitted. Foreign businessman A sole proprietorship agency allows foreign enterprises to engage in the production and sale of game and entertainment equipment. This means that consumers will enjoy many original entertainment programs and theatrical performances, and gamers will also be able to buy Microsoft XBOX and other consoles. At present, the lifting of the game ban has been clearly promoted from the Shanghai free trade area to the whole country. In 2015 1, the notice issued by the State Council on the promotion of the experience of the Shanghai (China) free trade pilot zone can be copied and reformed. It is pointed out that "allowing domestic and foreign enterprises to engage in games and entertainment equipment production and sales" should be replicated and promoted throughout the country by June 30th this year. With the release of various prohibitions, outstanding foreign film and television works, cultural performances and game equipment will also go into the free trade area, which is conducive to enriching the domestic entertainment market.

Shanghai, Guangdong, Tianjin and Fujian share a negative list in the four major FTA, because the current FTA pilot is for the future replication to the whole country, the unified negative list makes the four FTA in the management of a unified starting line, not easy to produce vicious competition, the same negative list, unified and transparent, is conducive to the future replication. In addition, the same negative list is also conducive to bilateral trade negotiations with the United States in the future. At first, the negative list in Shanghai was very difficult, worse than the market expected. The government has more concerns about opening up some industries, because it involves the question of how to grasp strategies and scales when negotiating with the US FTA. If the list is different now, it will be even more troublesome to negotiate the future, so the four free trade zones should unify their negative lists and not make their own decisions.