China Spells Out Future Roles for the Guangdong, Tianjin and Fujian Free Trade Zones

Greater autonomy has been promised to three of the country’s Pilot Free Trade Zones – Guangdong, Tianjin and Fujian. The move follows a review by the State Council, which also identified a number of specific priorities for each site:

Guangdong Free Zone

In line with its remit to act as both a hub for a high level of opening across the wider region and as a model for the stepped-up co-operative activities proposed across the Guangdong-Hong Kong-Macau Bay Area, the State Council emphasised the importance of meeting 18 key objectives. These include the establishment of a comprehensive and transparent legal environment, creating a platform that will facilitate the opening-up of the financial sector and promoting the trade in services across the Guangdong-Hong Kong-Macau Bay Area.

Tianjin Free Zone

In line with its remit to boost the international competitiveness of the local business sector while providing a model for the coordinated development of the wider Beijing-Tianjin-Hebei Region, the State Council identified 16 particular priorities. These include taking an innovative approach to the market-led distribution of production factors, nurturing businesses in a number of emerging technology sectors and enhancing the coordinated development of the region’s professional services sector.

Fujian Free Zone

In line with its remit to deepen cross-Strait economic co-operation and establish itself as one of the Belt and Road Initiative’s key hubs, the State Council identified 21 particular priorities. These include, establishing a world-class business environment locally and enhancing the level of financial co-operation with Taiwan.

The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.