The China (Shanghai) Pilot Free Trade Zone (SHFTZ), located in Pudong New Area, is a regional free trade zone founded on Sept 29, 2013 and originally consisted of Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone. The State Council decided on December 28, 2014 to expand SHFTZ by incorporating Lujiazui Financial Area, Jinqiao Development Subzone, and Zhangjiang High Tech Subzone, enlarging the SHFTZ from 28.78 square kilometers to 120.72 square kilometers.
Multiple new biomedicine projects were included on Jan 4 among the 64 new projects in Shanghai, which is positioning itself to be a biomedical hub for Asia.
- Hema Fresh opens its global headquarters in Lujiazui
- Park launched to boost Shanghai's online new economy
- Shanghai launches 64 projects worth $42b
Pudong New Area in Shanghai recently launched 16 guidelines to accelerate the development of the core supporting area of the Shanghai international financial hub.
China is enlarging the scope of investment by foreigners with a revised catalog of industries in which such investment is encouraged, a fresh sign of opening-up and high-quality development resolve.
Service Centers for offering consulting services and handling affairs of businesses registered in China (Shanghai) Pilot Free Trade Zone.
Shanghai Citizen Service Center
Service: Handling affairs of businesses registered in Lujiazui and Expo Park areas
Add: 1/F, 2 Hehuan Road, Pudong New Area
Tel: +86-21-68546904, +86-21-68546704, +86-21-68542222, ext. 81523-81528
What does it mean when FTZ allows foreign companies and Chinese private investors to enter banking business?
A: Banks in the FTZ can do foreign currency businesses without any restrictions. JV banks and banks with limited licenses are allowed to operate in the FTZ.