SHANGHAI FREE TRADE ZONE : quand la CHINE y joue peut-être l’avenir de son économie, les entreprises françaises et étrangères y joueront peut-être leur avenir

Publié par Philippe Veber il y a 4 années | Affaires

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VEBER ASSOCIES Avocats développe une activité tournée vers l’international et plus particulièrement vers la CHINE. Bientôt implanté à SHANGHAI par le biais d’un bureau de représentation, le cabinet conseille d’ores-et-déjà des entreprises française et chinoises en partenariat avec des correspondants chinois et étrangers basés en Chine.

Des projets de grande envergure sont en cours. Ils sont notamment relatifs à la construction, aux maisons de retraite et l’aide à la personne et au sport.

C’est dans cette perspective que VEBER ASSOCIES Avocats considère que SHANGHAI FREE TRADE ZONE qui rencontre actuellement une succès énorme, peut représenter un atout considérable pour les entreprises ou les projets français., Le 29 septembre 2013, la CHINE a instauré à SHANGHAI une zone de libre-échange de 29 km2 dans laquelle les étrangers auront plus de facilité à créer des entreprises, les investisseurs pourront déplacer les capitaux à l’intérieur et à l’extérieur du pays avec un minimum de restrictions et ce sont les banques et non le gouvernement qui fixeront les taux d’intérêt pour les dépôts.

Une restructuration du système financier, sûrement, et s’il s’agit d’une réforme par paliers dont les contours ne sont pas encore complètement fixés, il convient d’être extrêmement vigilant pour ne pas rater les opportunités qui pourraient néanmoins rapidement se présenter., SHANGHAI FREE TRADE ZONE
Made by Huang Kaijun’s group – DACHENG LAW OFFICES

What is Free Trade Zone (FTZ)

Being outside the customs territory: August 2013, China’s State
Council has approved the establishment of a pilot free trade
zone in Shanghai. The revised International Convention on the
simplification and harmonization of customs procedures (Kyoto
Convention) defines “free trade zones” as part of a contracting
party were any goods introduced are regarded, in relation to
import duties and taxes, as being outside the customs territory.
It emphasizes free tradings outside the customs territory. The
focus is on offering more convenience and efficiency for local
trading companies with improved policies on foreign
investment, international trading settlement and cross-border
transactions.

Covering 28.78 square kilometers, the new zone will be built on
the basis of existing bonded zones — Waigaoqiao Free Trade
Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free
Trade Port Area and Pudong Airport Comprehensive Free
Shanghai Free Trade Zone
Made by Huang Kaijun’s group,
Beijing Dacheng Law Offices, LLP (Shanghai)
September 20, 2013

Trade Zone in Shanghai. The project, mapped out at the start of
this year, is the first of its kind in China and is also one of
Shanghai’s major tasks for 2013 and it will be a breakthrough
for Shanghai to achieve a new round of rapid economic
development.

Financial Liberalization

The pilot plan includes four key steps. It will create tax-friendly
facilities for trade and investment within the free-trade zone and
promote China’s interest-rate liberalization plus, eventually,
renminbi convertibility. It will also encourage financial product
innovations and promote the development of offshore
businesses.

Renminbi convertibility. Shanghai FTA is expected in the
region of RMB capital account convertibility for pilot. Firms
operating in the free trade zone would have access to full yuan
convertibility and enjoy zero restrictions on bank interest rates.

Financial business liberalization. The project will
include shortcuts for foreign banks to set up subsidiary or joint
venture operations and special permission for foreign
commodities exchanges to own warehouses in the free-trade
zone.

Offshore financial business. The city also plans to test
selected offshore businesses within the zone, including offshore
banking activities and cross-border financing denominated in
foreign currencies. Renminbi pricing can be done by financial
institutions based on market needs.

Capital investment. Shanghai is expected to allow
companies to convert other currencies freely with the renminbi
within the zone as well as buying overseas assets and equities
or raising funding abroad. In addition, foreign investment and
funding activities for both domestic and international
companies will be promoted there.