综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Shanghai stocks get FTZ boost

By He Wei | China Daily | Updated: 2017-10-21 08:35

City plans steps to transform free trade zone into free port

Shanghai stocks get FTZ boost

Hang Zheng, Party secretary of Shanghai.[Photo/China Daily]

Shanghai-related stocks advanced on Friday as the city's Party chief confirmed plans to reinvent its pilot free trade zone as a world-class free port.

The port has entered the "planning stage" and needs to get the green light from the central authorities before moving forward, said Han Zheng on the sidelines of the 19th National Congress of the Communist Party of China.

The plan, which aims to deepen reform and further open up the economy, has sparked a boom in shares that are port and transportation-related or with Shanghai in their names.

Shanghai Waigaoqiao Free Trade Zone Group Co and Shanghai International Port Group Co Ltd were among the stocks that jumped by the daily limit of 10 percent.

In May, Beijing approved a plan to comprehensively expand the opening-up of the China (Shanghai) Pilot Free Trade Zone, which, according to Han, marked the '3.0 version' of the FTZ since its debut in 2013 and first expansion two years ago.

"System innovation is the core task of the zone," he said. "More than 100 innovative institutions have been applied across the nation through these years."

Experts said such an ambition would be accompanied by plans to further relax import cargo controls and streamline customs clearance in accordance with international practice.

"The prospective free trade port is likely to test the waters for trade facilitation measures and provide policy support to the high-tech sector," according to Sun Yuanxin, deputy director of the Research Institute for the Shanghai FTZ at the Shanghai University of Finance and Economics.

"Free trade port means beyond the current model of bonded areas," said Zhu Min, deputy director of Shanghai Municipal Development and Reform Commission. "It will take about three to four years to redesign a comprehensive set of rules and revise related regulations."

Shanghai's FTZ has become a growth engine, contributing to a quarter of the city's economic output this year, said Weng Zuliang, Party secretary of Shanghai's Pudong New Area.

A total of 49,000 newly established enterprises, 20 percent of which are foreign capital-backed, have set foot in the zone by August, exceeding the number of companies registered in the previous two decades, Weng said.

Earlier this year, the Ministry of Commerce announced the launch of an additional seven free trade zones to accelerate the nation's opening-up and boost the Belt and Road Initiative, taking the number of FTZs to 11.

 

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
延津县| 进贤县| 庆云县| 汶川县| 寿阳县| 福贡县| 永靖县| 吴忠市| 海丰县| 荣昌县| 平罗县| 和硕县| 宁乡县| 益阳市| 德格县| 澄迈县| 云阳县| 新沂市| 宁武县| 于田县| 增城市| 英超| 吉隆县| 万宁市| 崇礼县| 伊宁县| 浮梁县| 镇原县| 南雄市| 江川县| 渭源县| 抚顺县| 饶河县| 天峨县| 东兴市| 建宁县| 文水县| 自治县| 辽宁省| 南平市| 兴宁市|