Destroyers and the PCAOB - Chung Rui CTAs Group Ltd
Regulations
Destroyers and the PCAOB
Posted by:Admin|Published:11/11/2015 11:21|hits:53
        BEIJING -- China's four pilot Free Trade Zones (FTZ)have seen significant progress in attracting foreign investment with the help of financial reforms, the Ministry of Commerce (MOC) said during a press conference.

        In the Jan -- Sept period, the number of newly registered foreign-invested enterprises in the Shanghai FTZ rose 52.6 percent year on year while such entities more than tripled in the Guangdong, Tianjin, and Fujian province FTZs, according to the Ministry of Commerce (MOC) on Wednesday.

        All together, 4,639 new foreign-invested enterprises were established in the four FTZs in the first nine months, attracting a total of 346.1 billion yuan ($54.6 billion) contracted foreign investment.

        The introduction of the negative list system, which shows sectors and businesses that are off limits to foreign investment, helped motivate foreign investors, said MOC spokesperson Shen Danyang.

        Financial innovations aimed at capital account convertibility and financial services diversification have seen steady progress while risk-control measures based on government data were put in place, Shen said.

        The FTZs in Guangdong, Tianjin, and Fujian were officially launched on April 21 this year, 18 months after the first FTZ was inaugurated in Shanghai.

        Officials expect the three new FTZs will further boost economic reform, promote trade and facilitate investment in new areas, as the world's second largest economy moves away from its unsustainable export-dependent model.

        By September, the number of newly registered market entities in the three FTZs more than doubled from a year ago to reach 45,000.

CHUNG RUI Tax Group Ltd. is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and the member firms of the Nexia International network (including those members which trade under a name which includes the word NEXIA) are not part of a worldwide partnership. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. Each member firm within the Nexia International network is a separate legal entity.

Copyright 2000-2015 Chung Rui CTAs Group Ltd All rights reserved 沪ICP备14337499号
Add: Room 1606, 13F, Building 1, No. 32, Xizhimen North Street, Haidian District, Beijing
Tel: 010-66553366   Fax: 010-66553380   Postal code: 100082    Email:info@geckosart.com