China (Guangdong) Pilot Free Trade Zone
China (Guangdong) Pilot Free Trade Zone, GDFTZ, was formally approved by the State Council and established on 31 December, 2014. The scope of implementation for GDFTZ is set at 116.2 km2 and covers three areas: Nansha Area of Guangzhou, a 60 km2 district (incorporates 7.06 km2 of Guangzhou’s Nansha Bonded Port Area); Qianhai & Shekou Area of Shenzhen, a 28.2 km2 district (incorporates 3.71 km2 of Shenzhen’s Qianhai Bay Bonded Port Area), and Hengqin Area of Zhuhai, a 28 km2 district.
Free Trade Zone Features
1. Division of Functions
Nansha Area of Guangzhou will prioritize shipping logistics, finance, international trade, high-end manufacturing and other industries, to be established as a new mod...
2. Facilitating Investment
Pre-establishment national treatment and negative list management mode will be implemented for overseas investment. For fields that fall outside of negative lists, investment projects will be filed. E...
3. Facilitating Trade
At Guangzhou’s Nansha Bonded Port Area, Shenzhen’s Qianhai Bay Bonded Port Area and other areas with special customs supervision inside of the Pilot Free Trade Zone, entry and exit supervisory servi...
4. Measures for Furthering Opening Up
The Pilot Free Trade Zone further looses and cancels access restrictions for overseas investors, such as qualification requirement, equity ratio limit and business scope. Measures are taken for wider ...
5. Financial Innovation
Promote the cooperation and innovative development of cross-border RMB business, and drive RMB as the major currency for the Pilot Free Trade Zone and overseas cross-border large-amount trade, as well...