More firms register in Shanghai pilot FTZ

Authority statistics show that there were 208 newly registered companies in the China (Shanghai) Pilot Free Trade Zone by Oct 28 in the first month of its operation since it was launched.

Among the 208 newcomers, 20 of them are foreign companies and the rest are Chinese. The total registered capital of newly registered companies in the area amounted to more than 3.5 billion yuan ($574.77 million) by Oct 25, according to the latest statistics provided by the Shanghai Administration for Industry and Commerce.

Of the total, 122 are engaged in trade and 36 focus on investment and capital management.