It has been just over three months since the China (Shanghai)
Pilot Free Trade Zone (the Shanghai FTZ) was officially opened on
September 29, 2013. In that time, new rules have been released and
more than a thousand new enterprises have been established. This
article aims to provide an update on the most important
developments in the Shanghai FTZ. For additional information
regarding the Shanghai FTZ's special rules and potential
advantages as a location for foreign-invested enterprises (FIEs),
see
China (Shanghai) Pilot Free Trade Zone: A New Landscape for Foreign
Investment," our first Shanghai FTZ alert.
New Enterprises Registered in Shanghai FTZ
Local media has reported that 1434 new enterprises, including 38
FIEs, have been established as of November 22, 2013. The total
amount of registered capital of the 38 FIEs is more than USD 0.56
billion while that of 1396 domestic enterprises is more than RMB
34.7 billion (equivalent to USD 5.6 billion). The
