Official Launch of China (Shanghai) Pilot Free Trade Zone Expansion

2015-04-27 | Shanghai

On April 27, Helei Fu, EUCCC (Shanghai) Senior Government Affairs Manager was invited to attend the official launch of China (Shanghai) Pilot Free Trade Zone. Han Zheng, Secretary of Shanghai Party Committee, and Mayor Yang Xiong, delivered keynote speeches. Yang said Shanghai Free Trade Zone should pioneer China’s reform and innovation development by implementing national strategies such as “One Belt One Road” and development of the Yangtze River Economic Belt. Shanghai should further promote institutional innovation, of which, change of government function and risk control are the top priorities. Han Zheng called for government officials further “liberalize their thoughts” and let market play its decisive role in allocating resources. The goal that Shanghai aims to achieve by the end of the year is to explore new modes of regional economic cooperation and create an international, market-oriented and rule of law based trade and investment rules system.