State Council, General Plan for the China (Sichuan) Pilot Free Trade Zone

国务院中国 (四川) 自由贸易试验区总体方案

January 02, 2017 | BY

Susan Mok

Sichuan FTZ encourages foreign investment in medical services.

Clp Reference: 2100/17.03.15 Promulgated: 2017-03-15

Promulgated: March 15 2017

Main contents: Qualified Sino-foreign equity joint travel agencies registered in the zone will be permitted to engage in outbound travel business, with the exception of travel to Taiwan. Foreign-invested enterprises are encouraged to participate in investment in the medical service industry by various means; foreign investors are encouraged to develop “Internet+” health services (Item 5, Section Three).

Cross-border bi-directional renminbi fund pool business by multinational enterprise groups will be launched (Item 15, Section Three).

The establishment of business entities in the zone by foreign-funded banks and Sino-foreign equity joint venture banks is supported. The launch of renminbi cross-border reinsurance business is supported (Item 16, Section Three).

The establishment of lease financing companies and lease financing companies in the zone by qualified mainland Chinese and Hong Kong, Macao and Taiwan organizations is supported, and the launching of such business in sectors such as aircraft, vessels and their parts and components, robots, agricultural machinery, medical equipment and infrastructure is encouraged. Qualified lease financing business in the zone is permitted to charge rent in foreign currencies. Offshore financing by the leasing business is supported, and leasing companies of various types are encouraged to expand the scope of cross-border use of renminbi funds. Domestic futures exchanges are encouraged to engage in business such as futures bonded trading and financing secured by the pledge of warehouse receipts in the special customs surveillance zones of the free trade zone. Development of the commercial factoring business is supported (Item 17, Section Three).

Related legislation: General Plan for the China (Liaoning) Pilot Free Trade Zone, General Plan for the China (Zhejiang) Pilot Free Trade Zone, General Plan for the China (Henan) Pilot Free Trade Zone, General Plan for the China (Hubei) Pilot Free Trade Zone, General Plan for the China (Chongqing) Pilot Free Trade Zone and General Plan for the China (Shaanxi) Pilot Free Trade Zone

clp reference:2100/17.03.15(6) promulgated:2017-03-15

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