China business setup service
Hotline: 86-755-82147392, Email:info@citilinkia.com
Definition of Shanghai Free Trade Zone
The Shanghai FTZ will first span 28.78 square kilometres in the city's Pudong New Area, including the Waigaoqiao duty-free zone and Yangshan port and it is believed it may eventually expand to cover the entire Pudong district which covers 1,210.4 sq km of land. Shanghai free-trade zone (FTZ) is the first free trade area in mainland China. It is like Hong Kong .
The plan was first announced by the government in July and it was personally endorsed by Premier Li Keqiang who said he wanted to make the zone a snapshot of how China can upgrade its economic structure. Other mainland cities and provinces including Tianjin and Guangdong have also lobbied Beijing for such approvals. The Shanghai FTZ will first span 28.78 square kilometres in the city's Pudong New Area, includ
The Features for Shanghai Free Trade Zone
Shanghai FTZ is used as a testing ground for a number of economic and social reforms. Consoles and individual games will still be subject to a case-by-case approval by the Shanghai Municipal Administration of Culture, Radio, Film & TV for manufacture and sales in ChinaCommodities entering the zone are not subject to duty and customs clearance as would otherwise be the case. This has been a boon to the wine industry in China, as it grants importers more flexibility in bringing wine into the country.
.jpg)
1. FTZ Bonded Area (28.78 sq.km.)
The bonded area of Shanghai FTZ consists of Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone. Waigaoqiao Free Trade Zone, founded in 1990, is the first bonded area in China under the supervision of Shanghai Customs; Waigaoqiao Free Trade Logistics Park, established in 2004, is also the first bonded logistics park in China; Yangshan Free Trade Port Area, opened in 2005, is the first bonded port area in China; Pudong Airport Free Trade Zone, set up in 2009, integrates bonded logistics and cargo shipping.
2. Lujiazui Financial Area (34.26 sq.km.)
Lujiazui Financial Area consists of Lujiazui Finance and Trade Zone and Qiantan Area. It is the core of Shanghai International Financial Center, Shanghai International Shipping Center and Shanghai International Trade Center. Qiantan Area, which used to be the site of Expo 2010, is a key area for a new round of development in Shanghai and is positioned as a hub of corporate headquarters, maritime financial services, cultural enterprises, sports and tourism facilities, and high-end services.
3. Jinqiao Export Processing Zone (20.48 sq.km.)
Established in 1990, Jinqiao Export Processing Zone has become a showcase of advanced manufacturing, production services, emerging industries, and eco-friendly environment. The zone is focusing on administrative and financial reforms, creating good business environment to facilitate trade, and fostering strategic growth industries for sustainable growth and international competition.
4. Zhangjiang High Tech Park (37.2 sq.km.)
Zhangjiang High Tech Park is a base for innovations as Shanghai implements the national strategy for sustainable growth. It combines the development of Shanghai FTZ and the Zhangjiang National Innovation Demonstration Area with a focus on enhancing its innovative capabilities and providing a service platform for research, financing, talent recruitment and resources sharing.
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to info@citilinkia.com