The first law effective only in Shanghai's Pudong New Area will ensure and encourage innovation in the free trade zone, a top Pudong official said.
The Guangdong provincial government has vowed to realize liberalization of trade in services in the South China province and its neighboring Hong Kong and Macao.
The Zhoushan Port Comprehensive Bonded Zone announced on Wednesday that it started official operations of its first-phase project, the first step to becoming a free trade zone.
Shanghai will actively follow the trend of globalization and integrate itself into the rules of international investment and trade.
The new version of the negative list in 2014 for the Shanghai FTZ has room for improvement on the 2013 version, said Ai Baojun.
The free trade zone in Shanghai is aimed at piloting economic upgrading with a focus on further opening up the services sector, an analyst said.
Since the opening of the China (Shanghai) Pilot Free Trade Zone, its service center has been busy with people eager to register companies.
Over 200 enterprises register in Shanghai FTZ
North China's Tianjin is applying for the a free trade zone of its own after the first such zone went operational late last month in Shanghai.
The launch of the China (Shanghai) Pilot Free Trade Zone is predicted to boost demand for luxury and business hotels in a city that is battling a slump in tourism.
East China's port city of Qingdao is planning to set up a free trade trial zone and build itself into an international trade center before 2020.
The establishment of the China (Shanghai) Pilot Free Trade Zone is exciting news, even for a 100-year-old company like Netherlands-based Royal DSM.
Finland's Almaco Group is looking forward to tax exemptions and other benefits as one of the first batch of 25 companies to obtain a license to set up a branch in Shanghai FTZ.
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