China (Shanghai) Pilot Free Trade Zone

The China (Shanghai) Pilot Free Trade Zone is a regional free trade zone set up by the Chinese government. It is located in Pudong, Shanghai, and covers an area of 120 square kilometers. It was officially established on September 23, 2013, as one of China's free trade zones. According to the Plan on Comprehensive and Further Reform and Opening Up in the China (Shanghai) Pilot Free Trade Zone published in March 2017, the following goals will be achieved by 2020: 

– a system that adopts international norms for investment and trade and a free trade zone that adopts the highest international standards, with liberalized investment and trade, transparent rules, effective and fair regulation, and a favorable environment for business;

– a robust investment management system that allows equal market access to all market entities and encourages orderly competition;

– a trade regulatory and service system that facilitates trade upgrading and transformation, and provides easy and convenient customs clearance;  

– an open financial system that is capable of financial innovation and effective risk control; and

– a government administrative system that respects the rules of the market economy with adequate capability to manage.  

The establishment of the China (Shanghai) Pilot Free Trade Zone was a major reform move that the CPC took on the basis of its assessment of trends and developments both at home and abroad in response to China's new realities. It is an initiative that will play an important role in helping accelerate the transformation of government functions, facilitate innovation in management; promote trade and investment, and develop new ways and gain experience for further reform and opening up on all fronts. 

中國（上海）自由貿易試驗區

中國（上海）自由貿易試驗區，是中國政府設立在上海的區域性自由貿易園區，位于浦東境內，面積為120.72平方公里，屬中國自由貿易區范疇，2013年9月29日正式成立。2017年3月發布的《全面深化中國（上海）自由貿易試驗區改革開放方案》提出，自貿試驗區的建設目標是：到2020年，建立同國際投資和貿易通行規則相銜接的制度體系，把自貿試驗區建設成為投資貿易自由、規則開放透明、監管公平高效、營商環境便利的國際高標準自由貿易園區，健全各類市場主體平等準入和有序競爭的投資管理體系、促進貿易轉型升級和通關便利的貿易監管服務體系、深化金融開放創新和有效防控風險的金融服務體系、符合市場經濟規則和治理能力現代化要求的政府管理體系，等等。建立中國（上海）自由貿易試驗區，是黨中央從國內外發展大勢出發，統籌國內國際兩個大局，在新形勢下推進改革開放的重大舉措，對加快政府職能轉變、積極探索管理模式創新、促進貿易和投資便利化，為全面深化改革和擴大開放探索新途徑、積累新經驗，具有重要意義。