Page 44 - 2017 Special Report

parts and goods for daily consumption that are
necessary for economic development so as to optimize
the province’s import structure;
· Strengthen the certification of enterprises and
products entering the global market; and
· Expand cooperation with Hong Kong and
encourage Hong Kong financial institutions to set up
branches in Fujian.
Much of the Plan’s focus is placed on cooperation
with Taiwan, for example in modern services such as
the legal, intermediary, medical and health, cultural,
service outsourcing, commercial exhibition, shipping
and logistics and R&D industries. The Plan encourages
the introduction of Taiwanese hospitals, rehabilitation
centers and retirement homes to Fujian, and Taiwanese
residents are encouraged to start businesses and
participate in politics in Fujian.
Fujian’s import/export value reached US$169.38billion
in 2015. Exports reached US$113.02 billion, while
imports reached US$56.34billion. For 2016, trade
volume is expected to grow by 12 percent, and foreign
investment by 6 percent.
Spotlight on Fujian FTZ
Fujian’s FTZ, which mainly aims to strengthen the
province’s cooperation and economic ties with Taiwan and
further open up its financial sector for foreign investment,
was officially established in April, 2015.
Currently, the Fujian FTZ covers an area of 118.04
square kilometers and consists of the three following, pre-
existing development zones:
· Pingtan Area (43 square kilometers)
· Major industries: tourism, trade and investment
· Xiamen (43.78 square kilometers, including
Xiangyu Bonded Zone and Xiamen Haicang Bonded Port)
· Major focus: China-Taiwan regional financial
services and regional aviation
· Fuzhou (31.26 square kilometers, including
Fuzhou Bonded Zone, Export Processing Zone and
Fuzhou Bonded Port)
· Major industries: advanced manufacturing,
aviation and professional services
In order to establish a ‘Taiwan Strait Industrial Cluster’,
the Fujian FTZ will fully open up its creative and medical
industries for Taiwanese investors. Meanwhile, the Free
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Trade Zone will also concentrate on the development · 允许符合条件的台湾会计师在自贸区内的中介
of the financial services industry. Coupled with faster 机构从事代理记账业务。
corporate set-up procedures, the Fujian Free Trade Zone
enables foreign investors to further integrate their Greater · 符合条件的台湾投资者可以在自贸区内经营数
China operations, or to cut down on delivery times by 据处理和交易处理业务（仅限于电子商务）。
using the newly available Fujian-Taiwan combination.
Taiwanese investors are allowed to engage in crop
selection and production of crop seeds (except GM
products) with a Chinese controlling party. This industry is
otherwise listed as prohibited on the FTZ Negative List.
· Taiwanese service providers are allowed to set up
joint ventures (JV) or wholly foreign-owned enterprises
(WFOEs) to carry out offshore call center businesses and
provide telecom services.
· Taiwanese investors may set up WFOE sailor
dispatch institutions in the FTZ and provide sailor dispatch
services to commercial ships owned by Taiwanese,
without the establishment of a shipping management
enterprise.
· Taiwanese-invested JV travel agencies (capped
at a number of three) are now allowed to provide Taiwan
group travel services for Fujian residents; Taiwanese tour
guides who have lived in the FTZ for over one year will be
allowed to take the Chinese tour guide exam and work in
China.
· Taiwanese construction WFOEs are encouraged
to undertake construction projects in Fujian province.
· Eligible Taiwanese accountants are allowed to
establish intermediary agencies to provide bookkeeping
services.
· Eligible Taiwanese investors may provide online
data processing and transaction processing services
(e-commerce business only) in the FTZ.
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