the China (Shanghai) Pilot Free Trade Zone

China (Shanghai) pilot Free Trade Zone

synonym

Shanghai pilot free trade zone generally refers to China (Shanghai) pilot free trade zone

China (Shanghai) pilot free trade zone is referred to as Shanghai free trade zone or Shanghai free trade zone for short

, is a regional free trade zone established by the Chinese government in Shanghai, located in Pudong, which belongs to the category of China free trade zone. On September 29, 2013, China (Shanghai) pilot free trade zone was officially established, covering an area of 28.78 square kilometers, covering four special customs supervision areas: Shanghai Waigaoqiao Bonded Zone, Waigaoqiao Bonded Logistics Park, Yangshan Bonded Port Area and Shanghai Pudong Airport comprehensive bonded zone. On December 28, 2014, the Standing Committee of the National People's Congress authorized the State Council to expand the China (Shanghai) pilot free trade zone to 120.72 square kilometers.

Shanghai pilot free trade zone covers Shanghai Waigaoqiao Bonded Zone, Waigaoqiao Bonded Logistics Park, Yangshan Bonded Port Area, Shanghai Pudong Airport Comprehensive Bonded Zone, Jinqiao Export Processing Zone, Zhangjiang High Tech Park and Lujiazui financial and trade zone

Seven regions.

By the end of November 2014, Shanghai pilot free trade zone had invested more than 22000 enterprises, set up nearly 14000 new enterprises, completed 160 overseas investment projects, invested US $3.8 billion in foreign investment, accelerated import customs clearance by 41.3%, increased enterprise profitability by 20%, set up 6925 free trade accounts, and deposited RMB 4.89 billion.

In 2015, Shanghai pilot free trade zone has become an honorary member of the World Federation of free trade zones.

China China Macao free trade conference one belt, one road, was held in November 2016 in 8-10 days in November 2016. The theme of this conference is "one belt and one road" cooperation opportunity under the strategy of China free trade zone.

On March 4, 2020, it was rated as the national new industrialization demonstration base by the Ministry of industry and information technology.

Historical evolution

At the end of March 2013, Premier Li Keqiang inspected the Waigaoqiao Free Trade Zone in Pudong during his investigation in Shanghai, and expressed his encouragement and support for Shanghai's active exploration. On the basis of the existing comprehensive free trade zone, he studied how to establish a pilot free trade zone within 28 square kilometers, further expand the opening up, and promote the improvement of the open economic system and mechanism. The 28 square kilometers referred to by Li Keqiang is the scope of Shanghai Comprehensive Bonded Zone, including Yangshan Bonded Port Area, which was built in 2005 through cross regional cooperation with Zhejiang Province, Shanghai Waigaoqiao Bonded Zone (including Waigaoqiao Bonded Logistics Park), which was the first bonded zone in China in 1990, and Shanghai Pudong Airport comprehensive bonded zone, which was started in September 2010.

In 2012, Shanghai port's foreign trade cargo throughput reached 360 million tons, up 5.9% year on year. Shanghai Port continues to maintain its position as the world's largest port in cargo and container throughput. Waigaoqiao port has completed 15.36 million TEUs, and has been ranked as the port with the highest international ship throughput in China for eight consecutive years.

In August 2013, the State Council officially approved the establishment of China (Shanghai) pilot free trade zone. When the pilot zone was established, it took Shanghai Waigaoqiao Free Trade Zone as the core, supplemented by the airport free trade zone and Yangshan Port Lingang New Town, and became a new pilot field for China's economy. It implemented a number of reform measures such as the transformation of government functions, financial system, trade services, foreign investment and tax policies, and will vigorously promote the development of re export and offshore business in Shanghai.

On September 18, 2013, the State Council issued a notice on printing and distributing the overall plan of China (Shanghai) pilot free trade zone. The overall plan has made clear requirements on the overall requirements, main tasks and measures, creating the corresponding regulatory and tax system environment, and doing a solid job in organization and implementation.

The overall plan of China (Shanghai) pilot free trade zone includes: opening up under the RMB capital account in the Shanghai Free Trade Zone, and gradually realizing financial innovation such as free convertibility; in the future, enterprise legal persons can complete the free convertibility of RMB in the Shanghai Free Trade Zone, while individuals will not implement it temporarily; Shanghai free trade zone is likely to take steps to promote the free convertibility of RMB Shanghai free trade zone will also play a crucial role in the negotiation of China's Pacific Rim partnership (TPP), and is expected to become the first opening window for China to join the TPP.

On September 29, 2013, Shanghai free trade zone was officially established. On that day, the relevant state departments and Shanghai municipal leaders issued certificates for the first batch of representatives of enterprises and financial institutions to enter the pilot free trade zone. The first batch of enterprises and 11 financial institutions settled in the free trade zone, including 8 Chinese banks, including ICBC, ABC, BOC, CCB, BOCOM, CMB, Shanghai Pudong Development Bank and Bank of Shanghai, 2 foreign banks including Citigroup and DBS, and 1 financial leasing company of BOCOM financial leasing.

On June 28, 2014, the State Council approved the measures for further opening up China (Shanghai) pilot free trade zone. The 31 measures involve 14 in the service industry, 14 in the manufacturing industry, 2 in the mining industry and 1 in the construction industry. In terms of expanding the opening-up of service industry, 14 new opening-up measures were added on the basis of the 23 measures for expanding the opening-up of service industry last year, highlighting the leading industries in the pilot free trade zone such as shipping trade; in terms of expanding the opening-up of manufacturing and mining industry, highlighting R & D; in terms of expanding the opening-up of construction industry, reflecting the opening-up of infrastructure construction to foreign investment. This will help the pilot free trade zone to seize the opportunity of international industrial re layout, and play a good role in promoting the transformation and upgrading of China's industrial development and cultivating new advantages of international economic cooperation and competition.

On July 25, 2014, the 14th meeting of the Standing Committee of Shanghai Municipal People's Congress passed the regulations on China (Shanghai) pilot free trade zone by a high vote. This is the first local regulation on the pilot Free Trade Zone in China. The regulation is positioned as comprehensive legislation, integrating the nature of implementing regulations, autonomous regulations and creative regulations. It can be called the "basic law" for the construction of the pilot free trade zone. There are 9 chapters and 57 articles in the regulations, which comprehensively regulate the construction of pilot free trade zone from the aspects of management system, investment opening, trade facilitation, financial services, tax management, comprehensive supervision, legal environment, etc., and will be formally implemented on August 1.

On September 26, 2014, the Management Committee of the pilot free trade zone held the Establishment Ceremony of the intellectual property office and the seminar on intellectual property management and protection.

On September 27, 2014, Shanghai Public Security Bureau pilot Free Trade Zone Branch was officially established. Jiang Ping, member of the Standing Committee of the CPC Municipal Committee and Secretary of the political and Legal Committee of the CPC Municipal Committee, and Bai Shaokang, vice mayor and director of the Municipal Public Security Bureau, attended the unveiling ceremony and unveiled the Bureau. The newly established branch of Shanghai Municipal Public Security Bureau in the pilot free trade zone is a department level organization directly under the Municipal Public Security Bureau. It exercises the law enforcement authority equivalent to that of the local public security branch, and enjoys part of the administrative examination and approval authority of the Municipal Public Security Bureau.

On October 30, 2014, the wechat platform "Shanghai Free Trade Zone Sales Center" was officially opened.

On November 13, 2014, the unveiling ceremony of national copyright trade base (Shanghai) and the opening ceremony of 2014 China (Shanghai) pilot Free Trade Zone Cultural licensing fair were held in Shanghai pilot Free Trade Zone, marking the establishment of the first national copyright trade base in the Yangtze River Delta region. The 2014 China (Shanghai) pilot Free Trade Zone Cultural licensing fair is scheduled to be held from November 13 to 15.

On December 19, 2014, China Securities Regulatory Commission officially approved Shanghai international energy trading center to carry out crude oil futures trading. In the next step, China Securities Regulatory Commission will work with relevant ministries and commissions to issue various supporting policies and management measures related to crude oil futures. Shanghai International Energy Trading Center will make full preparations for the listing of crude oil futures, such as the formulation of rules, system improvement and simulation trading, so as to ensure the smooth launch and safe operation of crude oil futures. It is reported that China Securities Regulatory Commission may choose the opportunity to approve the formal listing of crude oil futures contracts in the first half of 2015.

Approved by China Securities Regulatory Commission, Shanghai International Energy Trading Center Co., Ltd. is an international exchange for global investors funded by Shanghai Futures Exchange. It was registered in China (Shanghai) pilot Free Trade Zone on November 6, 2013, and officially opened on November 22 of the same year, with a registered capital of 5 billion yuan.

On January 29, 2015, the Chinese government website issued the "Notice of the State Council on promoting the pilot experience of replicable reform in China (Shanghai) pilot free trade zone" (hereinafter referred to as the "notice"), which comprehensively deployed the nationwide promotion of the pilot experience of replicable reform in China (Shanghai) pilot free trade zone (hereinafter referred to as the "Shanghai pilot free trade zone").

According to the notice, the pilot reform experience of Shanghai pilot free trade zone can be copied. In principle, in addition to legal amendments and the construction of Shanghai international financial center, those that can be promoted in other regions should be promoted as soon as possible

Chinese PinYin : Shang Hai Zi You Mao Yi Shi Yan Qu