The Number Of New Foreign Businesses Is 10 Times Higher Than That Of Last Year.

At the press conference of the Shanghai municipal government held in September 26th, Ai Baojun, vice mayor of Shanghai and director of the administrative committee of the free trade area, said that the investment management system of the Shanghai free trade zone with the negative list as the core has been established, and the number of the market participants has increased over the past year, exceeding the total amount of all enterprises in the tax protection zone in the first 20 years.

Preliminary statistics Shanghai At present, there are 283 projects in the FTA, including 12266 new enterprises, including 1677 foreign-funded enterprises, accounting for 13.7%, while the number of newly established foreign-invested enterprises has increased 10 times over the past year.

"The investment management system with the negative list management as the core has been established, and the trade regulatory system focusing on trade facilitation is running smoothly. Financial innovation aimed at capital account convertibility and financial services industry opening up. system It is basically established that the supervision system of post supervision with the transformation of government functions is basically formed. Ai Baojun thus commented on the achievements of the FTA in the past 1st Anniversary years.

according to AI Bao Jun The negative version of the 2014 edition will reduce the foreign investment access special management measures from 190 to 139, with an adjustment rate of 26.8%, providing a reference for the Sino US BIT negotiations; the foreign investment project approval system and the enterprise contract and articles of association examination system outside the negative list are all changed to the filing system; the enterprises established by the record account for 91% of the newly established enterprises; the enterprise admittance is changed from "multi departments and multiple heads acceptance" to "one department and one window centralized acceptance"; the domestic enterprises and foreign-funded enterprises outside the negative list can receive relevant certificates within 4 working days, which is significantly reduced compared with the original 29 working days.

In the eyes of many people, the rapid growth of foreign-funded enterprises shows that the investment management system with the negative list as the core is being recognized by the market. Wang Shouwen, assistant director of the Ministry of Commerce, said the negative list represents the innovation of the new foreign management system, allowing more foreign capital to enter and play a role in the market mechanism.

"For the need for approval in the list, the Ministry of Commerce has also promoted the approval authority to the provincial level. Go out, adopt the way of filing, the enterprises in the FTA to invest abroad, as long as the record is OK, there is no need for special examination and approval. Wang Shouwen said.

In addition, insisting on decentralization and strengthening supervision afterwards is another characteristic of Shanghai FTA's innovation. Liu Yuting, deputy director general of the State Administration for Industry and commerce, said that the enterprises were changed from annual inspection to annual reports. The government turned the "retrial and approval of light regulation" into a "wide access and strict supervision". That is to say, enterprises were transformed from the past to the government departments to be responsible to the society, and their own credit was guaranteed. This method was also popularized throughout the country.