More than 200 enterprises register in Shanghai FTZ

SHANGHAI - The new Shanghai free trade zone (FTZ) has seen a total of 208 companies register since its launch. The enterprises include 188 domestic and 20 overseas-funded companies, according to the Shanghai Administration for Industry and Commerce. Registered capital ranges from RMB30,000 to RMB8 million. Trade and investment-asset management industries saw most registrations, at 122 and 36 respectively.

The FTZ is seen as a test bed for economic reforms that may be expanded throughout China, and a sign of the Government’s commitment to reform. However, details of proposed reforms and regulations have not yet been released, and may not be until later this year, so their potential immediate effect is unclear.