The requirement of "all-round opening up" is not casually said, but is indeed a goal. Almost all relevant institutions and some people with backgrounds are staring at this reform, trying to explore a lot of business opportunities from it, and regard this reform opportunity as a feast.
To sum up, this financial sector reform has nine main points:
However, it is specifically stated here that most of the following nine reforms are implemented in the free trade zone, but some of them are allowed to be promoted outside the free trade zone (the free trade zone includes the existing scope of Shanghai Comprehensive Bonded Zone, specifically Yangshan Bonded Port Area and Waigaoqiao (600648,
Share it) Bonded Zone, Waigaoqiao Bonded Logistics Park, Pudong Airport Comprehensive Bonded Zone, among which Waigaoqiao Bonded Zone is the oldest)
In short, the contents of these nine reforms are as follows:
1, marketization of interest rate in financial market;
2. First test the convertibility of RMB capital account (on the premise of reliable risk);
3, allowing the establishment of foreign banks and joint ventures between private capital and foreign capital;
4. Allow the establishment of banks with limited licenses;
5, allowing the establishment of foreign-invested credit information companies;
6. Allow some Chinese banks to engage in offshore business;
7. Encourage financial leasing business and give tax support;
8. Gradually allow overseas enterprises to participate in commodity futures trading; 9. Project companies engaged in overseas equity investment shall be subject to enterprise income tax at a reduced rate of 15% with reference to technologically advanced service industries;
Relevant persons said that in essence, many preferential policies in Shenzhen Qianhai and other places are comparable to those in Shanghai, but why is this pilot in Shanghai? Because this is a national planning, Shanghai has four advantages: natural conditions, human foundation, industrial foundation and open experience. Crucially, Shanghai Comprehensive Bonded Zone (covering an area of 28 square kilometers), the predecessor of Shanghai Free Trade Zone, accounts for more than half of all bonded zones in China. Once the reform is successful, the demonstration role is self-evident.
Therefore, according to our exclusive understanding, the instructions of the top management are "always advance in exploration, but don't walk too slowly for 28 square kilometers." You make a timetable, do the plan well in the first half of the year, push it step by step in the second half of the year, and implement it in several steps. "
The reform plans such as abolishing legal restrictions, opening up foreign exchange control, introducing foreign capital, opening up finance, and private banks may all feel good now, but once they are launched, I don't know the joys and sorrows of domestic related enterprises.
Of course, for ordinary people, opening is definitely better than not opening. Opening-up forces all kinds of enterprises to have a sense of urgency, accelerate the pace of transformation, improve enterprise management and operation capabilities, create services and products closer to people's livelihood needs, and let ordinary people enjoy various benefits at a lower cost. Only in this way can enterprises survive in free trade.
And some enterprises are doomed to sunset in this environment, and some enterprises will be like a duck to water in the context of free trade. And various free administrative policies, financial policies and trade policies are fertile ground for the birth of various innovative enterprises. It is a long-term positive for activating the economy, but a nightmare for competitive enterprises.
Can small loan companies and pawn shops flying all over the sky still hold the banner of financial reform? I'm afraid it's going to be a big question mark! The free trade zone has undoubtedly given the market a chance to make waves.