The free-trade zone in China’s commercial city is a prime destination for businesses seeking to take advantage of lower taxes and lighter regulation. We advise on the best ways to set up there.
With the help of Standard Chartered, WPG Holdings completed its first renminbi cross-border sweep from its Taipei headquarters to Shanghai on October 21.
China has finally announced details on how renminbi can be moved via the Shanghai free trade zone for current account business. Greater convergence between onshore and offshore FX curves are expected on the back of it.
The Shanghai Free Trade Zone (FTZ) will use special accounts to allow trade settlements and trade finance in renminbi, effectively establishing an “offshore” trade centre within its borders.
Establishing a business in the newly-formed free trade zone (FTZ) in Shanghai comes with a host of benefits, including lower administration fees. CT asks the experts what companies can look forward to.
Shanghai's free trade zone (FTZ) is now officially open. CT breaks down the key policy ambitions,business opportunities, registration requirements, and present hurdles.