Shanghai Shine-Link International Logistics Co Ltd
The China (Shanghai) Pilot Free Trade Zone (SHFTZ) launched a "model company" selection campaign in March 2017, aiming to highlight its innovation and reform achievements over the past years. The six-month long event invited more than 80,000 SHFTZ-registered companies to sign up via self-recommendation or via recommendation from others.
After publication, application, on-site inspection, experts' voting and online voting, the campaign selected the top 10 model companies and six sample enterprises, covering foreign-funded, State-owned and private companies, which served as examples of successfully utilizing SHFTZ's innovative measures to enhance growth and development.
In addition, the SHFTZ has compiled a case book of first model companies for its policy innovation, with the hope of encouraging more companies to turn the Zone's innovative measures and preferential policies into their own advantages and growth points.
About Shanghai Shine-Link International Logistics Co Ltd
Shanghai Shine-Link International Logistics Co Ltd,or Shine-Link, was co-founded by State-owned Assets Supervision and Administration Commission of Shanghai Pudong New Area, INESA (Group) Co Ltd and Shanghai Waigaoqiao Free Trade Zone Group Co Ltd in 2001. With a registered capital of 230 million yuan ($34.76 million), Shine-Link engaged in providing logistics service for high-end enterprises.
China (Shanghai) Pilot Free Trade Zone released "self-transportation" policy which allowed enterprises transport goods between different areas in the zone with their own trucks as long as the trucks were accredited at customs. In the past, enterprise were required to transport goods with designated vehicles and had to deal with a series of procedures. For now, all the customs passes have been upgraded and now it can identify vehicles, container numbers and commodity information at the same time. The new measures helped enterprises cut cost and save time. Each vehicle could spend 30 to 60 minutes less to go through the customs passes and the transportation with an ordinary truck can save about 100 yuan than with designated one.
The zone also adopted more simplified customized procedure which could save enterprises time in customs clearance and reduce their costs and thus promote their market competitiveness. Enterprises engaging in manufacturing and maintenance could deposit their imported spare parts at the bonded zone without paying taxes. They could also pick up the goods from the bonded zone directly before they completed the customs clearance.
Shine-Link made great use of the new measures and adhered to the related regulations, thus achieving rapid development.