China Tax Alert - Issue 28, October 2013
On 29 September 2013, the Shanghai Municipal Government released the first series of policy documents regarding the China (Shanghai) Pilot Free Trade Zone (Pilot FTZ). The launch of the “Administrative Regulation” and other relevant rules offers us an opportunity to gain a greater understanding for the future development of the Pilot FTZ. Although the detailed policies require further elaboration, we believe some aspects are worthy of attention for investors. Especially for the Negative List, which lists the non-national entrance procedures imposed on foreign investment in the Pilot FTZ, replace pre-approving mechanism with the filing mechanism applicable to foreign investments into areas beyond the Negative List to provide greater convenience for foreign investments in Pilot FTZ.