The Reform Of Shanghai Free Trade Zone Will Be Greatly Widened.

Recently, the central deep restructuring conference examined and approved the "comprehensive deepening of China (Shanghai) free trade pilot area reform and opening up plan" (hereinafter referred to as "the whole reform plan"), according to a reporter yesterday from the informed sources, recently the State Council will issue the official version of the "complete reform plan", and carry out the comprehensive deployment of Shanghai's FTA pilot area.

"The new round of reform of the Shanghai free trade zone is launched on the occasion of China's free trade area strategy to usher in a new development pattern, and it has a guiding and wind oriented role in the reform of the free trade area."

Insiders told reporters that Guangdong, Fujian and Tianjin three FTA pilot area will soon usher in 2nd Anniversary points, the third batch of FTA pilot zone is also not far off.

Professor Sun Yuanxin, vice president of the Free Trade Area Research Institute of Shanghai University of Finance and Economics, believes that the existing 11 free trade zone system innovation will go from the original "go all in one" mode into the "goose goose" mode. The Shanghai FTA pilot area as a "flying geese" will further play the role of the leader and lead the reform of China's free trade zone. From the narrow trade zone of free trade to the comprehensive reform pilot area, including the comprehensive bonded, financial, high-tech, agriculture, tourism and other types of FTA, the reform field will be greatly broadened.

Over the past 3 years, the reform of Shanghai free trade pilot area has gone through the stage of "overall plan" and "deep reform plan". Now it has entered the period of "complete reform plan".

It is reported that Shanghai should make efforts to build Shanghai pilot free trade zone as a comprehensive reform pilot area that combines openness and innovation, and serves as a bridgehead to serve the country's "one belt and one road" construction and drive the main body of the market to go out.

The overall goal is to build the Shanghai free trade pilot zone into an international free trade zone with high investment and freedom of trade, open and pparent rules, fair and efficient supervision and convenient business environment, and form legalization, internationalization and facilitation by 2020.

And fair, unified and efficient market environment.

A person familiar with the matter told reporters that under the positioning of such a target, the "comprehensive reform plan" is quite attractive. It is expected that there will be actions in the future in various aspects. First, there will be more openness in foreign capital access, especially in the financial sector. Two, the reform of trade facilitation will be further deepened in the light of the free trade port area and the construction of electronic ports. The three is to strengthen the reform of the free trade zone and the construction of Shanghai's international financial center and the linkage of the global innovation center.

Among them, the free trade port area is the next step in the construction of Shanghai free trade zone.

Reporters learned from authoritative sources that Shanghai is ready to build a high level free trade port area in the Yangshan Bonded Port Area and Pudong airport Comprehensive Bonded Zone in 3-4 years, and implement new regulatory policies and institutional mechanisms.

At present, the construction plan of the free trade port area is still under study.

For the gold free reform of the FTA, which has attracted much attention from the market, the people familiar with the matter said that the Shanghai FTA pilot area will actively and orderly push forward the reform according to the requirements of the "gold reform 40".

Among them, the reform of matters involving state power is expected to be a breakthrough after the "reform programme".

The person familiar with the matter said that Shanghai's FTA pilot area is being used.

There will be new breakthroughs, allowing foreign companies to list on China's main board and growth enterprise market, and it will be possible to raise funds in the bond market.

Zheng Yang, director of Shanghai finance office, also said in the media interview last month that the financial opening and innovation of Shanghai free trade pilot area should be deepened at present. The highest free trade trial area and the international high standard economic and trade rules, the overall strategy of national strategy and financial reform and opening up, and the goal of basically establishing an international financial center in Shanghai in 2020 will be further deepened, and the financial opening and innovation experiment in the pilot free trade zone will be further deepened, so as to continuously enhance the financial services' real economic functions, accelerate the formation of a more open and efficient financial market system, and continuously enhance the financial market's ability to allocate resources both at home and abroad.

Zheng Yang said the next stage,

Taking the construction of financial market system as the core, we should further enhance the radiation force and global influence; focus on promoting capital account convertibility, further accelerate the pace of RMB internationalization; take the negative list of financial services as the starting point, further expand the level of opening up to the outside world, and further strengthen financial risk prevention by taking the comprehensive regulatory platform as the carrier.

In deepening the pformation of government functions, the latest formulation of the government level in Shanghai is "building a government reinventing area to enhance the ability of government governance".

In this regard, Sun Yuanxin believes that from the decentralization of authority, after the event supervision to "reinventing government", Shanghai FTA pilot area around the reform of government agencies is also deep in layers. "Reinventing the government" is quite imaginative. It refers to the new concept, combined with electronic means and modern technology, to reinvent government functions, organizational structure, management methods, rules and procedures.

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