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The China (Shanghai) Pilot Free Trade Zone (SHFTZ), located in Pudong New Area, is a regional free trade zone founded on Sept 29, 2013 and originally consisted of Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone. The State Council decided on December 28, 2014 to expand SHFTZ by incorporating Lujiazui Financial Area, Jinqiao Development Subzone, and Zhangjiang High Tech Subzone, enlarging the SHFTZ from 28.78 square kilometers to 120.72 square kilometers.

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AstraZeneca sets global strategic center in Shanghai

Multinational pharmaceutical company AstraZeneca said on Monday that Shanghai will be its fifth global strategic center, leveraging on the city's as well as China's market strength and reflecting the confidence of the United Kingdom-based company's development in the country.

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Shanghai Port reached another milestone in 2023 when its container throughput surpassed the 49 million TEU (20-foot equivalent unit) mark.

The contract note of offshore resale business carried out by the enterprises registered in China (Shanghai) Pilot Free Trade Zone will be exempted from stamp duties.

Service Centers for offering consulting services and handling affairs of businesses registered in China (Shanghai) Pilot Free Trade Zone.

What does offshore business in the FTZ mean?

A: Offshore business means that enterprises use overseas resources to manufacture products or provide services for overseas customers. It gives the enterprises four distinct advantages, namely tax reduction, good trade connections with other countries, freedom from foreign exchange control, and a high level of business privacy...