Shanghai Free Trade Zone and Its Impact on Chinese Economy

SOUTHWESTERN UNIVERSITY OF FINANCE AND ECONOMICS SCHOOL OF INTERNRATIONAL BUSINESS

Shanghai pilot free trade zone and its impact on Chinese economy

TABLE OF CONTENT
INTRODUCTION.................................................................................................... - 2 BACKGROUND ..................................................................................................... - 3 MAJOR TASKS AND MEASURES ............................................................................ - 5 1) Accelerate the functional transformation of government ..................................... - 5 Deepened reform in administration system ........................................................ - 5 2) Opening up of investment sectors .................................................................... - 5 Opening up of service sectors ........................................................................... - 5 Explore the "Negative List" administrative approach ........................................... - 6 Set up a system to support outbound investment............................................... - 6 3) Promote the transformation of trade development approach................................ - 6 Promote the transformation and upgrading of trade ........................................... - 6 Elevate the capacity of the shipping service ....................................................... - 7 4) Deepen innovation and opening up of financial services ..................................... - 8 Accelerate the innovation of the financial system ............................................... - 8 Enhance the financial service function .............................................................. - 8 5) Improve regulatory supporting systems ............................................................ - 8 Strengthen protection through regulatory system enhancements ......................... - 8 FUNCTIONS OF SHANGHAI FREE TRADE ZONE...