The Shaanxi Free Trade Zone Has Become A Hot Topic.

What are the advantages of FTA to facilitate shopping and convenience for the public? What impact does it have on enterprises and investors? Yesterday, the Chinese business reporter interviewed experts in the industry.

Xu Hongcai, Minister of Economic Research of China International Economic Exchange Center, analyzed that the impact of FTA on the necessities of ordinary citizens may not be very significant.

It is mainly beneficial for enterprises to carry out pnational investment and trade. It is more convenient for individuals to start companies and to participate in overseas securities investment.

Yan Yuejin, research director of the think-tank center of Shanghai Yi Ju Research Institute, analyzed the three advantages of the FTA from the perspective of entrepreneurs and enterprises.

The first is the advantage of enterprise registration.

Generally speaking, many financial and foreign trade and various service institutions, such as accounting firms, have the advantages of low cost, high efficiency and speed in registering in the free trade area.

Second, there will be industrial agglomeration and synergy in the development of enterprises.

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The third is the improvement of the future operational efficiency of enterprises, especially the free trade mechanism provided by the free trade area, enabling enterprises to speed up the strategy of going global and have a positive role in promoting the development of enterprises.

"Generally speaking, when enterprises and institutions are developing their businesses, some of them can be done within the free trade area and can not be done outside the region; some of them are done within the free trade area and then after the free trade zone; some are free trade zones, and some can be done outside the FTA."

Yan Yuejin analysis, according to the Shanghai free trade area, the advantages in the free trade area are mainly reflected in five aspects: first, the negative list management.

In the free trade area, there is a consistent management of domestic and foreign capital outside the negative list, that is to say, registration management is implemented in foreign-funded enterprises and project registration. Other places must be examined and approved on a case by case basis including contracts and articles of association.

Two, the service sector and the manufacturing sector are open.

Since its listing, it has launched an open measure in the service sector and in some manufacturing sectors.

Three is the record management of foreign investment.

Foreign investment in the past required the NDRC, commerce,

The approval of other departments generally takes four or five months. Now, the projects under 300 million dollars need to be dealt with in the FTA for 3 days. This will accelerate the speed of capital going to sea.

The four is the new mode of trade facilitation.

The customs special supervision zone of the FTA has taken the lead in the whole country to explore the practice of "first line release, second line safety and efficient control, and intra regional freedom". It has made innovations in trade facilitation, such as navigation, customs clearance, inspection and quarantine, selective taxation, and promoted the rapid development of new businesses.

The five is financial innovation business.

Financial opening and innovation is a key part of the reform of the free trade area.

The business of centralized operation and management of foreign exchange funds, which is welcomed by enterprises, is likely to be more convenient in the area.

Sun Jiaxin, an investment adviser to CITIC Securities and investment bank, told an analysis of the Chinese Business Daily reporter that if foreign brokerages and financial institutions enter the FTA, the public can also get more investment and financial opportunities directly linked to the international market. For example, when foreign brokerages set up outlets in the free trade zone, Xi'an investors will be more likely to participate in investment and financing.

In addition, favorable Shaanxi listed companies and Shaanxi free trade zone have been approved. According to their positioning in the four major industries, such as aerospace, trade and logistics, cultural tourism, energy and finance, tax and investment will stimulate demand, which will lead to the increase of relevant enterprises' performance, which will benefit some listed companies in Shaanxi. But the key is also on the scale and operation of the listed companies themselves.

The positive effects of Tianjin, Fujian and Guangdong in the previous FTA are obvious, but the marginal effect may be decreasing. The positive effects may not be very prominent. Moreover, there are no supporting policies for the time being. Exploration also needs time and process. Investors should not expect too much.