Listed Companies Competing For The Layout Of FTA Innovation Business Is Worth Looking Forward To

It has been more than a year since the establishment of the Shanghai free trade zone. At present, Tianjin, Guangdong, Fujian, Chengdu, Xi'an, Chongqing and other places have put forward the declaration of the free trade area.

According to the China Securities Journal reporter, after the establishment of the Shanghai Free Trade Zone, a number of listed companies have announced the establishment of a subsidiary company, hoping to expand the international business with the policies and regional advantages of the Shanghai free trade zone. Insiders pointed out that with the expansion of the FTA, there will be more layout of listed companies. In view of their respective characteristics, various FTA will be able to push forward a series of innovative measures in the future to attract the layout of enterprises.

FTA is expected to expand capacity

According to the reporter, in February this year, Chongqing declared to the State Council the establishment of China (Chongqing) free trade area, and subsequently formed the general plan of China (Chongqing) free trade zone. Xi'an is speeding up the construction of the "Silk Road Economic Belt" free trade zone (Xi'an) core area. At present, its supporting project, Xi'an Comprehensive Bonded Zone, has been closed for operation and has become the first comprehensive bonded zone in Northwest China. In October 28th, the railway station in Xi'an international port area opened as a temporary port and became the Third Railway Port approved for opening to the outside world in the inland area of Western China.

To promote the development of the central and western regions, the relevant ministries and commissions have proposed to consider the establishment of an inland free trade zone. The first inland FTA is likely to be generated in Chongqing and Xi'an.

In June this year, Chengdu high tech Zone submitted to the Ministry of commerce the application for establishing a free trade area. In August, the Sichuan provincial government promulgated the experience plan of China's (Shanghai) free trade pilot zone in some parts of Chengdu, and proposed to learn from the mature experience of Shanghai free trade area in Chengdu comprehensive high-tech bonded area and Chengdu airport bonded logistics center.

There are endowments in Guangdong, Tianjin and Fujian.

Judging from the current situation, Guangdong , Tianjin Fujian is more likely to enter the second batch of FTA lists. Three places have their endowments in the declaration of free trade zones.

Tianjin is the most important port city in the north of China. As the most important part of the Bohai economic circle, it has the best place to get through the northern coast and the Beijing Tianjin Hebei region. Tianjin is an economic center in the north of China, an economic center in the Bohai rim, an international shipping center in the north of China, an international logistics center in the north of China, an international port city and an ecological city, an international shipping financing center, and an oceanographic instrument evaluation center in the Asia Pacific region. In fact, Tianjin has long had the idea of building a free trade zone. In 2008, Tianjin promulgated the general plan for the comprehensive reform of Tianjin Binhai New Area. In 2013, it promulgated ten measures, namely, further promoting the development and opening of the Binhai New Area, a number of provisions on promoting business development, and the decision to comprehensively improve the level of opening up. For the most important work in 2014, Tianjin's expression is "actively building a free trade experimentation area".

The positioning of the Guangdong free trade zone is based on the Shanghai free trade area, and based on the requirements of replicability and extension, the Guangdong Provincial Park will be built into the six major centers of international manufacturing, international logistics, international trade, international maintenance, international R & D and international settlement. Guangdong is close to Hong Kong and Macao, and it can cooperate well with Hong Kong and Macao trade. In addition, Qianhai has been conducting a financial pilot for some time. Qianhai's financial pilot experience may help further financial reform in the future.

The more common name of the Fujian free trade area in the capital market is the Hercynian Free Trade Zone, including Xiamen, Fuzhou and Pingtan. In 2009, the State Council issued the "opinions on supporting Fujian to speed up the construction of the Economic Zone on the west side of the Straits", marking the rise of Haixi construction from the regional strategy to the national strategy and providing opportunities for Pingtan's development. Pingtan is located in the eastern part of Fujian Province, and looks across the sea from Taiwan. It is the closest place in mainland China to Taiwan island. Pingtan is a spanit station for Taiwan Trade and maritime trade in the southeast coast.

　　 Listed company Active layout

Hebei iron and steel announced in December 4th that the company decided to invest in the 50% stake of Tangshan Tangshan Iron and Steel Co., Ltd., and set up a wholly owned subsidiary of Shanghai Hui Tang Zhi and Investment Co., Ltd. in Shanghai free trade area. Hebei iron and Steel said that the establishment of Shanghai Hui Tang Zhi and Investment Co., Ltd. was mainly aimed at making full use of the relevant policies of Shanghai free trade area to create more opportunities for the future development of Tanggang gas company. According to incomplete statistics from China Securities Journal, this year, there are many listed companies such as intercontinental oil and gas, Berlin communications, Jinlong shares, Dongling Cereals, oils, gold leaf jewelry, Shandong Weida, Qiming star, Ketai power, China Industrial International, Yongli belt, ZOJE, Yili energy, Shandong mining machinery and so on, and have announced the establishment of a subsidiary in Shanghai free trade area, hoping to expand the international business with the policies and regional advantages of Shanghai free trade area.

Combing the characteristics of these companies, it is easy to see that these companies involve more international business. Take China industrial international as an example, overseas investment has always been the top priority for the company to implement its industrial upgrading strategy. The main business of the company is international engineering contracting, the core content is complete sets of equipment and technology export, the market is mainly concentrated in Asia, Latin America, Africa, Eastern Europe, North America and other regions. The company set up a subsidiary in the Shanghai free trade area, which can further expand trade and realize the three phase linkage strategy of the company.

Since the establishment of the Shanghai Free Trade Zone, 27 reform measures have been replicated in the whole country or some parts of the country, including 13 investment management, 10 trade facilitation measures and 4 cross-border RMB funds. Next, there will be 18 reform measures and 5 open measures will be promoted throughout the country. Since the establishment of the Shanghai Free Trade Zone, the General Administration of customs and the relevant ministries and commissions have promulgated 14 regulatory innovation systems in succession, and decided to start replicating and popularizing the customs supervision areas in August this year. At present, the Hefei customs has duplicated the promotion of batch import and export centralized declaration, simplifies the paperless customs clearance attached documents, simplifies the unified entry and exit record list, and maintains 4 domestic and overseas items, and is ready to reclaim and popularize as soon as possible 6 systems, including advanced area declaration, intelligent bayonet inspection and release, regional self spanportation, work form verification, bonded exhibition trading, and warehousing enterprise network supervision. The Alashankou customs office in Xinjiang has also copied the three systems of batch import and export centralized declaration, simplifying paperless customs with attached documents and simplifying unified entry and exit list.

In November 6th, the general office of the State Council issued the "opinions on strengthening imports", which clearly pointed out that the pilot project of parallel import of automobiles in Shanghai free trade area should be intensified. After the parallel import of automobiles is liberalized, it will help to break the monopoly of the automobile industry and the price of imported cars is expected to be further lowered.

Then, in November 14th, Waigaoqiao announced that the company's wholly owned subsidiary, Shanghai Waigaoqiao International Trade Operation Center Co., Ltd. and its controlling shareholder, Shanghai Waigaoqiao (Group) Co., Ltd., together with the shareholders' proportion of capital increase, will jointly increase capital for Shanghai Waigaoqiao automobile exchange market Co., Ltd. The capital increase is mainly used for pilot projects of parallel imports in FTA.

GF believes that the pilot project of parallel import in Shanghai free trade zone means that all FTA will be able to push forward a series of innovative measures in the future. Tianjin Binhai New Area has a certain foundation in the field of financial reform. Binhai New Area is constantly developing industrial finance, promoting the innovation of financial leasing industry, and promoting the integration of technology and finance. The future Tianjin free trade zone is likely to further liberalize its financial control and administrative examination and approval. In terms of policies, the most prominent design of Guangdong, Hong Kong and Macao FTA is its opening up in the field of financial innovation. Considering that Qianhai has accumulated considerable experience in cooperation with Hong Kong and Macao as a financial pilot area, the financial reform of Guangdong, Hong Kong and Macao free trade area will be expected.