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Shanghai to shorten FTZ negative list
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Shanghai will further shorten the negative list that specifies off-limit areas for foreign investment in the city’s pilot free trade zone in 2015.
The regulator will continue to whittle back the number of items on the list to less than 100, down from 135 in the 2014 version, Shang Yuying, chairman of the Shanghai Commission of Commerce, said in an interview with the National Business Daily.
Shang said Shanghai will share the list with three newly-established free trade zones in Tianjin Municipality and Guangdong and Fujian Provinces.
Shanghai is set to unveil the new list in the first half of the year to improve clarity for investors, a zone management official said earlier.
The central government last month approved Shanghai to expand the free trade zone to include Lujiazui financial zone, Jinqiao development zone and Zhangjiang high-tech zone, boosting the zone’s area to 120.27 square kilometers.
“The expanded zone will bring together more industries such as financial trade, advanced manufacturing and producer services, as well as new technologies and new forms of businesses, enabling opening up in a broader scope,” said Shang, who served as vice head of Pudong New Area between 2003 and 2006.
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