China (Shanghai) Pilot Free Trade Zone – A New Era of Opening up and Reform in China

by swisscham in Consulting, Legal, Services, Tax

On 29 September 2013, the Chinese government formally established the China (Shanghai) Pilot Free Trade Zone (“SH PFTZ”) in Shanghai, China. How the area will affect businesses in China and throughout Asia is top of mind as multinational corporations and local Chinese companies seek to benefit from more relaxed financial and investment controls. As of mid-October, 36 new companies had set up operations in the SH PFTZ in various sectors covering banking, leasing, logistics, e-commerce and trading. The establishment of the SH PFTZ has been recognised as a crucial economic reform initiated by China’s new leadership. The ‘pilot experiment’ in Shanghai will include reforms focused on the following areas: Financial reform; Upgrading of customs supervision framework; Simplification of administrative systems supporting the further opening up of the services sector, and Creation of a competitive regulatory and tax environment for businesses.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Switzerland Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
July 17, 2023
Published By in Business
July 16, 2023
Published By in Engineering / Manufacturing
July 13, 2023
Published By Consulate General of Switzerland in Guangzhou in Engineering / Manufacturing
July 3, 2023
Published By in Bilateral Relations