China’s four free trade zones (FTZs)—the initial Shanghai FTZ and subsequent zones in Tianjin, Guangdong, and Fujian—offer companies a range of select market openings and preferential policies, while serving as a testing ground for reforms that eventually may be implemented nationwide.
Sichuan remains an attractive growth market for foreign companies, according to local government officials. On September 1, the US-China Business Council led a delegation of member company senior executives from a variety of sectors to meet with Sichuan Party Secretary Wang Dongming to discuss the Sichuan commercial operating environment and explore how the province will be involved in the implementation of central development policies.
On January 13, China’s Ministry of Industry and Information Technology (MIIT) released a circular notice completely removing the foreign equity cap for investment in e-commerce companies in the Shanghai Free Trade Zone (Shanghai FTZ). The notice allows foreign-invested enterprises to control 100 percent stakes in such companies.