General Electric (China) Co Ltd
General Electric Company, a global digital industry company, chose Zhangjiang High Tech Park in Shanghai Free Trade Zone (SHFTZ) as the home to its China Headquarters, GE China Technology Center and Asia-Pacific Center of Global Operation. In July, 2016, GE founded a Digital Foundry in China, the first one of its kind founded outside the US. As of now, all of GE business groups have conducted businesses in China.
In recent years, SHFTZ released a series of policies helping GE make remarkable development. These policies create a better business environment where enterprises can enjoy efficient and convenient services.
The trade facilitation measures help enterprises improve operational efficiency. In December, 2015, GE set up a logistics distribution center at SHFTZ. By making good use of the zone's location and preferential policies and GE's advanced logistics and supply management, the time period of goods supply can be reduced to 60 days. New policies allow enterprises to import goods before customs clearance. The classification regulation allows GE to import complete equipment and conduct unified management on the items purchased in China. The promotion of pre-inspection system can save enterprises two days in customs clearance.
The reform in the transformation of government functions, such as the integration of the business license, the organization code certificate, and the certificate of taxation registration, have saved enterprises time in certificates management, which is extremely convenient for GE as it has many branches. The new policies also allow enterprises to submit annual reports online. Policies for talented individuals help GE introduce international high-end talents.
As an transnational, GE China make a good use of SHFTZ preferential policies in trade facilitation, facilitation of market entry and human resources, becoming a model for other enterprises to start businesses and make innovations at SHFTZ.