What does offshore business in the FTZ mean?
A: Offshore business means that enterprises use overseas resources to manufacture products or provide services for overseas customers. It gives the enterprises four distinct advantages, namely tax reduction, good trade connections with other countries, freedom from foreign exchange control, and a high level of business privacy. Offshore finance is the main part of offshore business. It absorbs funds from overseas clients and provides loans, documentary bills and other services to overseas clients such as cross-border payment settlement, foreign currency trading, and business consulting.