Introduction

The scope of implementation for China (Shanghai) Pilot Free Trade Zone is set at 120.72 km² and covers the following areas: Bonded Area (28.78 sq.km.) with 4 zones namely Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone; Lujiazui Financial Area (34.26 sq.km.); Jinqiao Export Processing Zone (20.48 sq.km.) and Zhangjiang High Tech Park (37.2 sq.km.). China (Shanghai) Pilot Free Trade Zone has carried out institutional reform and innovation in areas of investment, foreign trade, finance and post-filing supervision to form a legal framework for investment and trade within the zone. It has adopted the negative list for investment management, simplified foreign trade supervision procedures, promoted financial system reform to realize RMB capital account convertibility, and advocated post-filing supervision as a way to transform government functions. It will formulate rules for investment and trade that comply with international practices, give full leverage to the radiating and exemplary role of key functional areas of finance and trade, advanced manufacturing and technological innovation, and strive to build a free trade zone with the highest degree of openness, investment and trade facilitation, currency conversion freedom, convenient and efficient regulation, and a sound legal environment.

 

Links

Diagram:China Pilot Free Trade Zone

http://www.economia.gov.mo/public/data/rc/pftz_pm/attach/135c2d972c2ab0df0f6f1b27b8f3c34d84ccef57/en/cp_free_trade_zones_en.pdf

Opinions of the State Council on the Implementation of the Market Access Negative List System

http://www.gov.cn/zhengce/content/2015-10/19/content_10247.htm

Special Management Measures (Negative List) for Foreign Investment Access in Pilot Free Trade Zones

http://www.gov.cn/zhengce/content/2015-04/20/content_9627.htm

Announcement No. 12 [2015] of the Ministry of Commerce—Measures for the Recordation Administration of Foreign Investment in China Pilot Free Trade Zone (for Trial Implementation)

http://www.mofcom.gov.cn/article/b/g/201506/20150600999047.shtml

Measures for the Pilot Program of National Security Review of Foreign Investment in Pilot Free Trade Zones

http://www.gov.cn/zhengce/content/2015-04/20/content_9629.htm

Plan for Further Deepening the Reform and Opening-up of China (Shanghai) Pilot Free Trade Zone

http://www.gov.cn/zhengce/content/2015-04/20/content_9631.htm

The Framework Plan for China (Shanghai) Pilot Free Trade

http://www.gov.cn/zhengce/content/2013-09/27/content_4036.htm

Official Website of China (Shanghai) Pilot Free Trade

http://www.china-shftz.gov.cn/