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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.

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New effective measures give fresh impetus to foreign investment

In the context of China's utilization of foreign direct investment this year, stabilizing the scale and improving the growth level will be the main tasks.

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The Pudong New Area issued three new policies at the 2020 Shanghai Global Talents Innovation and Entrepreneurship Summit on Dec 24.

In the context of China's utilization of foreign direct investment this year, stabilizing the scale and improving the growth level will be the main tasks.

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.