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Easier access to Free Trade Zones

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China Business China Business

The government in China has further relaxed restrictions on foreign investment in the mainland’s four free trade zones (FTZ) in Shanghai, Guangdong, Tianjin and Fujian .

Companies will now have easier access in various manufacturing and service sectors, including steel, auto batteries and shipping industry.

The bureaucratic process for foreign direct investments in FTZ has been simplified.  Overseas funded projects can go through a registration process for starting up instead of a long approval process. Additionally profits from existing businesses on mainland can be used to reinvest in FTZ-based operations without any additional approval.

For more information on this particular update you can contact us under info(at)smatra.com.hk.