Shanghai Free Trade Area System Innovation Presents "Four Highlights"

There were two to three years of reform and trial period. In fact, four highlights emerged in one year. Ai Baojun, member of the Standing Committee of the Shanghai Municipal Committee, vice mayor and director of the China (Shanghai) free trade pilot area management committee, recently interviewed by Xinhua news agency, said that the Shanghai free trade area under the age of one year will continue to focus on institutional innovation. The next step will be faster and deeper, and provide more and better experience for the realization of replicable promotion.

　　 Experience can be duplicated. Extension

It is the core task of Shanghai free trade area to be the highland of institutional innovation, rather than the policy favorable depressions. In the past year, we have invested in the negative list. management system The trade regulatory system focusing on trade facilitation, the financial innovation system targeting capital account convertibility and financial services industry, and the post event supervision system guided by the spanformation of government functions, has attracted the attention of the Shanghai free trade area on the four major points of institutional innovation.

Ai Baojun said that some institutional innovations, such as negative lists, are very rich in connotation. This list allows market participants to have a clear expectation of access and regulate government behavior. It can be said that the negative list has better handled the relationship between the government and the market.

"At present, we have embarked on the negative list for 2015. There will be room for adjustment in the 2015 edition list, but we do not need to pay attention to the specific length. It is not very important whether or not a list is more important. The negative list of other countries has 100 measures. More important than the length is the spanparency of management measures, so that the market players can fully expect that this is the next step in the Shanghai free trade area. Ai Baojun said.

The negative list is closely related to the government's post regulatory system. Ai Baojun said that for a long time, the government was accustomed to the core of the approval system. Matters beyond the list of future items are not examined and approved, and whether they can be managed well or well managed is a very big test for the government. It requires the government to have a full understanding of the state of the market players. This requires integration and sharing of information and data from various regulatory departments.

"Some data are not very useful in a single department. If shared, value can be generated and the efficiency of the government will be improved. For example, if a ship enters the area, if its manifest information is pushed to the outer pipeline, inspection and quarantine departments, many processes will not require the owner to run. This kind of reform is almost no cost, but the benefit is very big, which is the dividend of the reform. " Ai Baojun said.

Shanghai's FTA has made important achievements in the spanformation of government functions and accumulated a lot of experience. For example, before the reform, the Shanghai customs office would cover about 500 chapters a day, and implement automatic trial release after the reform. That is to say, in addition to a few specific objects, most enterprises can input information independently without Customs seal. Such a large amount of manpower saved can go to the front line to check the situation of the enterprise. It not only facilitates the enterprises, but also compresses the individual's discretion and makes the supervision more spanparent.

　　 Shanghai The reform measures and experience formed by the FTA will be replicated and promoted to the other more than 100 customs special supervision areas in China if it is implemented on the basis of the customs special supervision zone. If it involves the spanformation of government functions, it will be replicated nationwide. For example, in the middle of this year, the Shanghai free trade area (FTA) pioneered the pilot "international trade single window" in China. At present, the window has set up port units such as customs, marine, inspection and quarantine, and will continue to be incorporated into commerce, industry and commerce departments next year. According to the plan, the "single window for international trade" will be gradually extended to the Yangtze River Delta, the Yangtze River economic belt and other parts of the country.

Improving the level of stress testing

In addition to deepening the reform, Shanghai FTA is exploring new reform issues, such as offshore tax system. Ai Baojun introduced that there are many multinational headquarters in the Shanghai free trade area. These headquarters may have bought a batch of equipment or materials in Germany and sent them to Vietnam's enterprises, but all the spanactions were carried out in the Shanghai free trade area, which led to offshore trade.

In traditional trade, cargo logistics and capital flow are matched, while in offshore trade, cargo logistics and capital flow are separated. Originally, our offshore trade and offshore investment were few or even not, so there was no systematic arrangement for these businesses in the tax system. Now that offshore business has developed, we need to innovate in the tax system in order to adapt to the international business environment. At present, a group of experts have been gathered, and they are studying the process. " Ai Baojun said.

Ai Baojun said that the reform of the FTA has the task of stress testing, and it may be more accurate to test it in a larger scope. "Therefore, we should further expand the scope of some reform measures and raise the level of stress testing."