Make me your Homepage
left corner left corner
China Daily Website

Shanghai opens free trade zone

Updated: 2013-09-30 01:34
By HE WEI in Shanghai ( China Daily)

Area envisioned as role model and pilot project for economic reform

The Shanghai municipal government unveiled the China (Shanghai) Pilot Free Trade Zone on Sunday, which is widely expected to create an efficient market environment for domestic and foreign enterprises in a wide variety of businesses.

The move seeks to free up the overloaded administrative approval system and introduce measures to encourage innovation and internationalization.

Shanghai opens free trade zone

Shanghai's top leader Han Zheng attends the inaugural ceremony of the Shanghai pilot free trade zone on Sunday. Thirty-six companies were given licenses to operate in the zone, which covers more than 28 square kilometers.[Gao Erqiang / China Daily]

Commerce Minister Gao Hucheng said the zone is set to become a pilot project for economic reform and a role model in efforts to upgrade the Chinese economy.

Dai Haibo, deputy secretary-general of the Shanghai municipal government and vice-director of the zone's management committee, said the guiding principle is to shift the overriding role of the government from administrative to supervisory. Enterprises will no longer need to seek government approval for many of the things they want to do in the zone.

In three years, the country will build on the experience gleaned from the Shanghai free trade zone, and further reform targets may be set, Dai said.

These include, in certain areas, no administrative approval required for company registration, no restrictions in equity ratios and limited disclosure requirements.

The cornerstones are the reform of power structures and government transparency, with positive changes in policy coordination, information tracking and effect evaluation.

A case in point is the treatment of foreign investors as nationals in economic sectors that are not specifically restricted, said Liu Yajun, director of the department of foreign investment administration with the Ministry of Commerce.

To encourage and simplify foreign investment, an Internet-based registration system will be introduced for enterprises whose business portfolios do not fall in the restricted areas, Liu said.

That would effectively shorten the registration period from the current 29 days to a minimum of four days, Dai said.

A fast-track channel has also been established to lure financial institutions with strong profitability and risk-control capabilities to enter the zone, said Liao Min of the Shanghai branch of the China Banking Regulatory Commission.

He confirmed that banking regulators will adjust loan-to-deposit ratios and other regulatory requirements for banks operating in the area.

A series of customs clearance and supervision policies have been initiated to offer more complete, convenient and transparent foreign trade services, said Zhang Wansheng, director of the General Administration of Customs' processing trade and bonded system department.

For instance, companies can have their cargo transported into warehouses before they declare customs, said Zhang, adding that a unified information monitoring system will be set up to supervise entrants.

The government vowed to enhance the efficiency of customs administration, improving the speed and ease with which imports and exports can clear customs and the quality and range of services national customs authorities provide, according to Liu Deping, director of the border check department of the General Administration of Quality Supervision, Inspection and Quarantine.

"To facilitate easier trade, authorities have lowered the threshold for inspection and quarantine to avoid rigorous inspections and customs assessments and therefore reduce companies' costs," said Liu.

He noted that 18 directives, including the launch of an information sharing platform and an early warning system, are being rolled out to relieve administrative burdens for companies.

"The waiver or less restricted export product examinations will save companies time and money spent renting warehouses," said Zhao Pei'en, a certified public accountant in Shanghai, adding that such reform spells a "substantial bonus" for a wide range of industries.

This will simplify the registration process in setting up a business, said Liu Jun, China chief representative of Northern Melbourne Institute, one of Australia's leading vocational training institutes.

"In our case, the new framework saves us time and efforts to turn to the Ministry of Education each time we wish to get our programs approved," said Liu, who was cheered by the fact that joint venture educational and job-training institutions are included in the 18 sectors open to foreign investment.

Liu said he is seeing a decentralized government structure, and hopes that the zone encapsulates all the functions companies need to get businesses going.

China's economic and social development requires more intense reforms, as unnecessary government intervention in the private sector has resulted in abuses of power, said Sun Lijian, vice-dean of the School of Economics at Fudan University.

"I think the zone is imperative in carrying out bolder experiments in relaxing the control of the public sector and making the government leaner and efficient," Sun said.

8.03K
 
...
...
...
主站蜘蛛池模板: 麻豆中文字幕在线观看| 中文japanese在线播放| 特黄aaaaaaaaa及毛片| 国产国产人免费人成免费视频| 99国产精品99久久久久久| 无码专区aaaaaa免费视频| 亚洲六月丁香婷婷综合| 福利午夜国产网站在线不卡| 日韩高清一区二区三区不卡| 国产亚洲色婷婷久久99精品 | 国产午夜无码精品免费看动漫| 99热这里只有精品免费播放 | 免费高清a级毛片在线播放| 91香蕉视频污| 国产美女mm131爽爽爽毛片| 一边摸一边揉一边做视频| 日本高清视频在线www色| 亚洲国产高清美女在线观看 | 国产精品视频播放| yellow2019电影在线高清观看| 日本最新免费不卡二区在线| 亚洲伊人久久大香线蕉综合图片| 爱情鸟免费论坛二| 可爱男生被触手入侵下面| 91手机看片国产永久免费| 国产精品爽爽ⅴa在线观看| www.fuqer.com| 成年女人18级毛片毛片免费 | 国产成人免费永久播放视频平台 | 公和熄三级中字电影久久| 里番库全彩本子彩色h可知子| 国产精品午夜无码av体验区| www.中文字幕在线观看| 插插插综合视频| 久久成人无码国产免费播放| 欧美亚洲精品suv| 亚洲永久精品ww47| 男女无遮挡高清性视频直播| 吃奶呻吟打开双腿做受视频| 被公侵犯肉体中文字幕电影| 国产成人精品免费午夜app|