Shanghai Finance

Shanghai FTZ Finance

Advantageous Location of China (Shanghai) Pilot Free Trade Zone

   
 

China (Shanghai) Pilot Free Trade Zone

 

China (Shanghai) Pilot Free Trade Zone (CSPFTZ) is composed of four specially supervised zones by the customs, namely, Waigaoqiao Free Trade Zone, Waigaoqiao Bonded Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone, covering a planning area of 28.78 square kilometers.

  Waigaoqiao Free Trade Zone

  Waigaoqiao Free Trade Zone, the first free trade zone in China, was approved by the State Council in June 1990. With a planning area of 10 square kilometers, it is an area covering four specially supervised zones by the customs, which boasts the largest economic scale and diversified functions in China. CSPFTZ is also the first state-level demonstration zone for import trade promotion and innovation.

  Waigaoqiao Bonded Logistics Park

   With the approval of the State Council in December 2003, Waigaoqiao Bonded Logistics Park was set up on a closed operation of customsarea totaling 1.03 square kilometers. As the first pilot project of integrating free trade zone and port in China, Waigaoqiao Bonded Logistics Park is an important base for the development of modern international logistics.

  Yangshan Free Trade Port Area

  Being the first free trade port area in China, Yangshan Free Trade Port Area was approved by the State Council in June 2005. In January 2012, Yangshan Free Trade Port Area was approved spreading to 14.16 square kilometers. It operates closed customs administration based on "Free Trade Zone-Port Integration". It is recognized as the critical carrier for the comprehensive pilot zone of international shipment development in Shanghai.

  Pudong Airport Free Trade Zone

  With the approval of the State Council in July 2009, Pudong AirportFree Trade Zone with a planning area of 3.59 square kilometers operates on integration of a bonded logistics area and the West Freight Area of the airport. It has Pudong Airport’s advantage as a compound hub of Asia-Pacific airlines, and is a pilot zone for the development of Shanghai airport-based service industry.