• Sat
  • Dec 27, 2014
  • Updated: 1:06am

Shanghai Free-trade Zone

Shanghai Free-trade Zone is the first Hong Kong-like free trade area in mainland China. The plan was first announced by the government in July and it was personally endorsed by Premier Li Keqiang who said he wanted to make the zone a snapshot of how China can upgrade its economic structure. Other mainland cities and provinces including Tianjin and Guangdong have also lobbied Beijing for such approvals. The Shanghai FTZ will first span 28.78 square kilometres in the city's Pudong New Area, including the Waigaoqiao duty-free zone and Yangshan port and it is believed it may eventually expand to cover the entire Pudong district which covers 1,210.4 sq km of land.

Commerce minister details scale of China's new free-trade zones

A man strolls past the entrance of the Shanghai free-trade zone in Pudong district. Three new zones planned in Guangdong, Fujian and Tianjin will cover high-performing coastal economic centres. Photo: Reuters

A new free-trade zone in southern China will sprawl across more than 100 sq km, according to Minister of Commerce Gao Hucheng, who offered more details on Friday of the country’s plan to set up three new zones in Guangdong, Fujian and Tianjin and expand the existing one i

Saturday, 27 December, 2014, 12:47am

State Council approves free-trade zones for Tianjin, Fujian and Guangdong

State Council approved plans to set up three more free-trade zones in an executive meeting chaired by Premier Li Keqiang. Photo: Xinhua

Tianjin, Fujian and Guangdong will follow Shanghai's lead and establish free-trade zones in their jurisdictions.

13 Dec 2014 - 1:53am 3 comments

Westpac opens sub-branch in Shanghai free-trade zone

Westpac did not elaborate on the immediate significance of its move into the Shanghai free-trade zone. Photo: AFP

Australia’s Westpac Banking Corporation said on Thursday it had opened a sub-branch in Shanghai’s free-trade zone.

4 Dec 2014 - 11:09am

Shanghai mayor pledges to speed up financial reforms in free-trade zone

Promised reforms at the trade zone have yet to be fulfilled.

Shanghai's mayor promised yesterday to speed up development of the mainland's first free-trade zone (FTZ) a year after it opened, as a chorus of foreign companies expressed disappointment over the pace of pledged reforms.

3 Nov 2014 - 4:19am

Xi Jinping fluffs lines in sticking to FTZ script

Xi Jinping fluffs lines in sticking to FTZ script

I always thought it was Mr Xi's predecessor, President Hu Jintao, who conceived it his mission in life to remain on script no matter how great the embarrassment.

30 Oct 2014 - 6:26am

Christie's gives thumbs up to Shanghai FTZ

Outlook for the mainland China art market is bullish as the number of discerning collectors is growing, according to Christie's. Photo: AFP

Most foreign investors might be getting impatient with the slow progress at Shanghai's much-toted Shanghai free-trade zone (FTZ), but the mainland's 29 square kilometre "mini Hong Kong" has got a thumping approval from Christie's.

27 Oct 2014 - 6:00am

Shanghai free-trade zone still has much to prove

Beijing is lifting restrictions on foreign investment in more than 20 sectors in the zone, including the lucrative shipping industry.

While the fledgling Shanghai free-trade zone, a pilot for the future liberalisation of service industries, is yet to live up to the hype of its launch, it still enjoys high-level political support.

3 Oct 2014 - 8:30am

Beijing eases restrictions on foreign firms in year-old Shanghai free-trade zone

The new measures also include lifting of some restrictions in the manufacturing sector, such as on motorcycles, aviation engine parts and railway-bridge and station equipment, also aimed at wooing foreign investors to the zone. Photo: AFP

Beijing is lifting restrictions on foreign investments in several industries in Shanghai's FTZ, a day before the much-hyped "mini Hong Kong" marks its first year in business.

29 Sep 2014 - 6:20pm

Established rivals may keep Shanghai trade zone's gold exchange in check

The launch of the international gold trading platform comes a year after the establishment of Shanghai's free-trade zone. Photo: Reuters

China's launch of an international gold exchange in the Shanghai Free-Trade Zone 11 days ahead of schedule last week, may not be much help as it seeks to compete with established gold markets such as New York or Singapore.

22 Sep 2014 - 4:28am

International gold trading launched in Shanghai free-trade zone

Li Keqiang has been a strong advocate for the free-trade zone, despite facing obstruction from ministry-level authorities. Photo: Reuters

The Shanghai Gold Exchange officially launched its international trading platform in the city's free-trade zone (FTZ) last night, the first such board in the zone, with hopes of setting benchmark prices for the precious metal in Asia.

19 Sep 2014 - 4:56am

Premier Li's tour gives boost to Shanghai trade zone

Shanghai Gold Exchange, under the oversight of the central bank, will launch the international gold trading platform 11 days ahead of schedule, coinciding with the premier's visit. Photo: EPA

Premier Li Keqiang is set to make the most of the launch of an international gold trading platform as he beats the drum for the further development of the Shanghai free-trade zone, which has failed to live up to expectations in its first year.

18 Sep 2014 - 5:57am

Head of Shanghai's free-trade zone, Dai Haibo, to step down amid graft probe

Head of free-trade zone to step down amid graft probe. Photo: Bloomberg

The de facto head of Shanghai's free-trade zone is expected to step down, five separate sources have said, likely striking another blow to the already struggling economic project ahead of its first anniversary.

15 Sep 2014 - 8:05am 3 comments

Shanghai free-trade zone offers mainland China firms a springboard

Dongfeng acquired a stake in Peugeot Citroen through special purpose vehicles. Photo: Bloomberg

Companies bursting at the seams with cash to spend on acquisitions are usually the stuff of boardroom dreams - except if the money is coming from the mainland, in which case it is subject to scrutiny worldwide.

10 Dec 2014 - 9:49am

Shanghai free-trade zone marks year of little progress

The Shanghai free-trade zone opened for business on September 29 last year. It is the first such zone to be set up. Photo: Reuters

Shanghai's free-trade zone will mark its first anniversary this month with little fanfare as cynics scoff at the regulators' empty promises to build it into a showcase of the mainland's buoyant economy.

1 Sep 2014 - 8:36am

Commodities trading the latest move by Shanghai to talk up free trade zone

The launch of the Shanghai free-trade zone was viewed as a first step by mainland China's most developed city towards transforming itself into a major global metropolis. Photo: Bloomberg

In the latest attempt to raise the profile of its Hong Kong-style free port, Shanghai has unveiled ambitious plans to create a clutch of international commodity trading platforms in its free-trade zone (FTZ).

29 Aug 2014 - 11:10am

Pages