New Shanghai FTZ 'negative list' to be shorter
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( chinadaily.com.cn )
Updated: 2014-06-12
The 2014 Shanghai FTZ (Free Trade Zone) “negative list”, which defines areas that are off-limits or come with restrictions for investors in FTZ, will further elevate the level of opening-up and promote equality between domestic and foreign capital, as it’s expected to be shorter by one-third.
Dai Haibo, deputy director of Shanghai FTZ administration committee, said on Tuesday that part of the measures of opening-up on the list had yet to be approved by the central government.
Dai said the new list is not to simply define the do’s and don’ts, but to solve the problems in managing foreign investments and improve the equality between domestic and foreign investments in accordance with international practices.
The 2013 list, issued last September, includes 190 special regulatory measures, covering a broad range of activities.