Q and A

Can a private enterprise open a bank in the FTZ?

2023-02-15

A: According to the Master Plan for China (Shanghai) Pilot Free Trade Zone and policies of the China Banking Regulatory Commission, private investors are allowed to open banks in the FTZ and take risks themselves or open a joint venture bank with a foreign financial institution.
What does it mean when FTZ allows foreign companies and Chinese private investors to enter banking business?

2023-01-11

A: Banks in the FTZ can do foreign currency businesses without any restrictions. JV banks and banks with limited licenses are allowed to operate in the FTZ.
How will the tax rebate policy apply to financial leasing companies operating in the FTZ?

2022-12-08

A: Financial leasing companies registered in the FTZ or those having a subsidiary in the FTZ, both foreign-owned and Chinese-owned, can enjoy the tax rebate policy...
What are new policies for insurance companies in the FTZ?

2022-08-05

A: There is a major innovation in professional health insurance services. The FTZ allows foreign companies to set up health insurance institutions. The China Insurance Regulatory Commission also announced the carrying out of trials for shipping insurance and liability insurance, which involves property insurance...
Are there any limits on foreign investors when they set up a professional health insurance company in the FTZ?

2022-05-20

A: A Sino-foreign joint venture or a cooperative enterprise must have a capital of no less than 20 million yuan. The Chinese partner must at least have a 30 percent holding in the company. Their term of investment or cooperation is limited to 20 years.
How enterprises in Shanghai FTZ change their name and address

2022-03-14

If enterprises in the China (Shanghai) Pilot Free Trade Zone want to change their name and address, they must apply for pre-approval for the name change.
What has the Shanghai FTZ done to open the financial lease market to foreign investors?

2021-11-23

A: The FTZ did not set a minimum capital, but foreign companies must have a minimum capital of 50 million yuan to engage in financial lease services whether as a sideline or main business.
What are the measures the FTZ has taken to open video games and amusement equipment industries to foreign investment?

2021-09-10

A: The FTZ allows foreign companies to produce and sell video games and amusement facilities to the domestic market if their products pass the content examination from cultural officials.

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