Shanghai, September 9 (ZXS) -- 20 marks the 2023th anniversary of the inauguration of the China (Shanghai) Pilot Free Trade Zone (referred to as the "Shanghai Free Trade Zone"). Over the past decade, foreign-funded enterprises and international economic organizations have continuously entered the Shanghai Free Trade Zone, sharing the dividends of institutional innovation in the Free Trade Zone and strengthening their confidence in development in China.

On the 20th, the theme forum of the 10th anniversary of the construction of China (Shanghai) Pilot Free Trade Zone was held in Shanghai. In a video speech, Mathias Cormann, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), said that China's 2022 free trade zones attracted nearly 21% of foreign investment in 19, while covering an area of less than 0.4% of China's land area, driving positive progress in liberalizing China's service sector, promoting investment, innovation and competition.

According to the results of the enterprise questionnaire of third-party institutions, more than eighty percent of enterprises believe that the construction of the Shanghai Free Trade Zone has significantly improved or greatly improved the business environment; More than ninety percent of enterprises believe that after the establishment of the Shanghai Free Trade Zone, the efficiency of government agencies in the zone has been continuously improved.

The continuously optimized institutional environment has attracted the continuous influx of foreign investment, and the economic scale and energy level have been continuously improved. By the end of 2022, a total of 8,4 new enterprises had been established in the Shanghai Free Trade Zone, 20.2 times that of the previous 35 years in the same zone. By the end of 2022, a total of 18691,2172 new foreign-funded projects had been established in Pudong New Area, with a cumulative registered capital of US$74.749 billion and a cumulative foreign capital of US$94.<> billion.

Since settling in the Shanghai Free Trade Zone in 2019, Tesla's Shanghai Gigafactory has repeatedly set "efficiency" records. Tao Lin, global vice president of Tesla, said that the high-quality business environment in the Shanghai Free Trade Zone allows Tesla to quickly establish factories and high-quality supply chains in Shanghai, "When we first built factories in Shanghai, we discussed with the government what form was in line with the management regulations and could simplify the process as much as possible." ”

She is pleased that more than 360 upstream and downstream industrial chains related to new energy vehicles in the FTZ have enjoyed an innovative and efficient environment: "Not only our supply chain, but also the development of enterprises in the entire region in Lingang in recent years, which is inseparable from the innovation of the business environment and management system, including the innovation of work processes in the FTZ." ”

"Everything is just beginning, China has a very broad talent and user base, both the government and the people have great enthusiasm for innovation." Tao Lin said that in the future, Tesla will continue to increase investment in China, "We look forward to making more achievements in the next decade." ”

"I have seen with my own eyes how the Shanghai FTZ has developed and brought great benefits to enterprises." Guy Bradly, chairman of Swire Pacific Holdings in Hong Kong, believes that one of the key factors contributing to the group's success is the closer cooperation with local governments and state-owned enterprises, "We take a positive view of Shanghai's business environment and are confident in its economic and investment prospects. We remain unwavering in our commitment to the city and sincerely hope that Shanghai will continue its efforts to strengthen the business environment and explore new ways to facilitate trade. ”

Xia Mingchen, co-head and managing director of Asia Pacific Investment of Hanling Capital, said that he hoped that the Shanghai Free Trade Zone could continue to maintain the momentum of reform and opening up in the financial and capital markets, "continue to expand and open the market, let more and more policies be more and more in line with the international market, and attract more and better overseas investment institutions to do business here." (End)