Introduction: The first free trade zone in mainland China will be settled in Shencheng. The reporter learned from relevant departments yesterday that Shanghai has submitted an application to the relevant state management department for the establishment of a free trade zone in the Shanghai Comprehensive Bonded Zone, and the relevant pilot work is expected to start this year as soon as possible.

The first free trade zone in mainland China will be located in Shencheng. The reporter learned from relevant departments yesterday that Shanghai has submitted an application to the relevant state management department for the establishment of a free trade zone in the Shanghai Comprehensive Bonded Zone, and the relevant pilot work is expected to start this year as soon as possible.

Free Trade Zone is a single country or region to reduce the cost of international trade and promote the development of foreign trade and international investment , and set up a specific area within its own territory in order to implement special supervision policies such as customs bonded and tax exemption. Compared with the existing bonded zone system in China, the free trade zone has more conditions for trade facilitation in terms of foreign exchange management, goods supervision, enterprise establishment, etc., so it is also regarded as an "upgraded version" of the bonded zone.

The reporter learned that once the Shanghai Comprehensive Bonded Zone works as a pilot free trade park, it will realize offshore trade and onshore trade, logistics functions and settlement functions, and domestic trade and foreign trade coordinated development, become Shanghai international financial center, international The largest combination of shipping center and international trade center will open a door for Shanghai to participate in a wider range of international competition.

After testing the waters of the free trade zone, the Shanghai Comprehensive Bonded Zone will become the "institutional innovation pool" of Shanghai, and a series of explorations aimed at further activating the market mechanism may be gradually launched. For example, in terms of foreign exchange management, enterprises that meet certain conditions in the zone are given "limited offshore status". This is the policy starting point for the development of offshore trade, high-end shipping finance and other businesses. Otherwise, many high-end service functions of the company will be difficult to form a competitive advantage with overseas counterparts.