The Shanghai free trade zone (FTZ), which was inaugurated on Sept 29, 2013, has attracted a growing amount of investment with strong government support and preferential policies and this year expects to get 20 key projects, cumulatively worth about 170 billion yuan ($25.9 billion), according to Pudong Times on June 9.

The projects – mainly involved in finance, shipping, advanced manufacturing, top services, and other fields – are from central enterprises such as the China Railway Engineering Corp, and leading private companies such as the China CEFC Energy Co, Suning Commerce Group, and Dongchang Group.

The free trade zone expanded on April 27, 2015 by including the Lujiazui Financial and Trade Zone, Jinqiao Development Zone, and Zhangjiang High-Tech Park. The projects will be located in these different zones, with 10 of them in finance with the goal of boosting the economy, so they will be in the Lujiazui financial area. For instance, Sinotrans & CSC Holdings Co. plans to set up a shipping management HQ here.

Another six investments, dealing with technology and located in Zhangjiang High-Tech Park, will be worth a total of 104.2 billion yuan. The remaining four projects, which will focus on mobile internet and new media, will be located in the Jinquiao Development Zone, where the high-end service sector is highlighted.

Source: China daily.com