Shanghai Free Trade Zone shoulders four major missions.
1. Trade liberalization: goods are freely imported, manufactured and re-exported without customs supervision, prohibition and tariff intervention. The purpose of Shanghai is not to be the port with the largest container throughput, but to do entrepot trade and offshore trade. There are two core components, one is to attract the headquarters of multinational companies, and the other is to build a commodity trading platform. The core of offshore trade is to solve the capital control problem of multinational companies. Enterprises in the free trade zone are allowed to set up international fund pools and domestic fund pools, in which interconnection pipelines are designed. This kind of trade means that both the order and the capital link are completed in Shanghai, and the goods may not pass through the port of Shanghai.
The free trade zone will not be made into a container yard, and we will explore dislocation competition and cooperation with the surrounding areas of the Yangtze River Delta. More importantly, promote the development of service trade related to free trade in goods, especially support international commodity trading platforms and shipping financial trading platforms, and allow domestic and foreign enterprises to participate in commodity futures and shipping forward transactions. In FTZ, overseas futures exchanges will be allowed to designate or set up commodity futures delivery warehouses. Once completed, they will replace some functions of LME warehouses in Busan, South Korea and Singapore. These designs will not only promote the development of related service trade and service outsourcing industries (including financial leasing, inspection and maintenance, auditing and accounting). ), it also reduces the threshold and cost of global resource allocation and commodity price risk management for multinational enterprises and contributes to the prosperity of free trade ports.