Article 31 Depending on the needs of the PFTZ and upon approval by the financial administration, support shall be given to financial institutions at different levels, with different functions, in different types and with different ownerships to let them enter the PFTZ; non-government capital shall be guided and encouraged to invest in the financial industry in the zone; the Internet financial development in the PFTZ shall be supported; support is given to the building of a platform geared to international financial transaction and service so as to provide registration, trusteeship, transaction, liquidation and other services; support is also given to the building and improving of a trust registration platform to explore the transfer mechanism of the beneficial right of the trust.

Article 32 This Municipality shall, in cooperation with the financial administration, perfect the financial risk monitoring and evaluation, and establish a risk prevention mechanism in line with the financial business development in the PFTZ.

Financial institutions and specified non-financial institutions in Shanghai areas that conduct business in the PFTZ shall, pursuant to regulations, submit relevant information to the financial administration, discharge obligations of anti-money laundering, anti-terrorist financing, and anti-tax evasion, cooperate with the financial administration to pay attention to cross-border abnormal capital flow and carry out the responsibility for protection of financial consumers and investors.

Chapter VI  Taxation Management

Article 33 The PFTZ shall, pursuant to the state’s provisions, implement taxation policy relating to promoting investment and trade; Shanghai Waigaoqiao bonded area, Shanghai Waigaoqiao bonded logistic park, Yangshan bonded port area and Shanghai Pudong airport comprehensive bonded area under its jurisdiction shall execute the corresponding taxation policy of special areas under customs supervision.

It is imperative to follow the direction of tax reform and international conventions, actively study and perfect the tax policy that does not cause the profit transfer, the tax base erosion but adapts to overseas equity investment and offshore business development.

Article 34 The tax department shall establish a convenient tax service system in the PFTZ, exercise the tax professional concentrated examination, gradually cancel prior examination, carry out the working pattern of first examination and then verification, separating examination from verification; pursue online tax, provide online services of tax payment consultation and tax-involved matters handling inquiry, and gradually realized the cross-regional tax process.

Article 35 The tax department shall conduct the pilot modernization of tax collection in the PFTZ, raise tax revenue efficiency, and build up a tax environment in favor of enterprise development and fair competition.

The tax department shall conduct tax risk monitoring by using the tax information system and the supervision information sharing platform in the PFTZ to raise the level of tax administration.