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Regulations of China (Shanghai) Pilot Free Trade Zone

china-shftz.gov.cn Updated:2017-07-24

The administration for industry and commerce shall conduct supervisory inspection on submission of annual reports by the enterprises in the zone. If finding out that any enterprise failed to discharge the obligation of publishing its annual report, the said administration shall record the enterprise in the directory of enterprises with abnormal operation and make it known to the public.

Every citizen, legal person and other organization may get access to the enterprise’s annual report and the directory of enterprises with abnormal operation and such publication information, and the administration for industry and commerce and other departments shall provide convenience for inquiry.

The procedures for management of publication of enterprise annual reports and the directory of enterprises with abnormal operation shall be formulated by the municipal administration for industry and commerce.

Article 41 A unified supervision information sharing platform shall be built in the PFTZ to promote the collection, exchange and sharing of supervision information. The Administrative Committee, zone-stationed agencies and relevant departments shall provide information on their initiative and in time, participating in information exchange and sharing.

The Administrative Committee, zone-stationed agencies and relevant departments shall rely on the supervision information sharing platform to consolidate supervision resources, promote full dynamic supervision and raise efficiency of combined supervision and coordinated service.

The procedures for collection, exchange and sharing of supervision information shall be formulated by the Administrative Committee, zone-stationed agencies and relevant departments.

Article 42 The professional institutions of law firms. accounting firms, certified tax agents offices, IP right service institutions, customs inspection institutions, inspection and testing institutions, certification authorities, ship and crew agencies, notarization institutions, forensic appraisal institutions and credit service institutions  are encouraged to conduct business in the PFTZ.

The Administrative Committee, zone-stationed agencies and relevant departments shall, by institutional arrangement, refer the matters in the zone that fit for handling by professional institutions thereto, or adopt the competition mechanism or purchase of service to guide and cultivate the development of professional institutions.

Article 43 The PFTZ shall establish a mechanism of social participation composed of enterprises and representatives of relevant organizations, to guide enterprises and relevant organizations to lodge claims for interests and participate in pilot policy evaluation and market supervision.

Trade associations and chambers of commerce are supported to participate in the construction of the PFTZ, and they are urged to draw up the trade management standard and trade convention to strengthen trade self-discipline.

The enterprises in the zone engaged in business activities shall observe social morality, business ethics and accept supervision of the general public.

Article 44 In the PFTZ it is imperative to speed up the development of E-government, promote electronic official documents with electronic signature that have force of law, and carry out electronic documents filing and electronic archives management. Electronic records and paper files have the same legal effect.

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