Waigaoqiao Free Trade Zone became the runner-up in the 2016 ranking of global free trade zones by fDi Intelligence, a division of the Financial Times Ltd and the world's largest FDI center of excellence.

Waigaoqiao is the first free trade zone in China and has attracted many multinational companies such as Microsoft, BNP Paribas, Total, Sony and Amazon, the fDi report said.

The zone adopted a series of management policies to ensure fairness and transparency for all investors, the report said.

“A regulatory system (there) has been implemented to provide investors with a stable regulatory environment, and a financial innovation system is aimed at opening up the financial services sector and attracting foreign capital,” the report added.

The global frontrunner of the 2016 free trade zone ranking is DMCC of the United Arab Emirates.

Source: Shanghai FTZ Government.cn