The Pudong Commission of Commerce launched a policy seminar at the Singapore Consulate-General in Shanghai on May 27 to answer questions concerning policies of the Shanghai Free Trade Zone.

Enterprises and intermediary agencies from Singapore put forward various questions at the meeting. Hot issues covered the establishment of foreign capital training companies and the admittance of foreign capital fund companies and asset management companies.

Field insiders on the Chinese side helped solve problems for Singapore investors. Both sides had a great exchange carrying forward investment, trade facilitation and financial innovation.

Many Singapore enterprises appreciated the seminar and were ready to be part of the free trade zone construction. According to an intermediary organization, the area has become a hot option for its clients, mostly from Europe and America.

Since the expansion of the Shanghai Free Trade Zone on April 27, 2015, the zone has made great efforts to promote its policies, which aim to give sustainable support to enterprises.

By the end of 2015, the zone has attracted 5,158 foreign capital projects covering investment management, wholesale and retail, professional consultation and transportation worth over $21 billion.

Source: China daily.com