Page 94 - 2020 Special Report on the State of Business in South China
P. 94
The layout of the Fuzhou Area’s "two sections the people's government of Fujian province issued
and seven blocks" consists of: the “Reform and Innovation Measures to Further
Promote the China (Fujian) Free Trade Pilot Zone,
- The Fuzhou Economic and Technological Fuzhou Area of the High-Quality Development of
Development Zone has a planned area of 22 The Export-Oriented Economy”, which requires the
square kilometers divided into five blocks. Majiang commitment to build a more open international
Block (covering an area of 0.6 square kilometers investment management model, explore the
within the Fuzhou Bonded Port Area) focuses on establishment of a higher level of international
the development of trade platforms for the 21st trade supervision, and build a financial and tax
Century Maritime Silk Road, cultural creativity, innovation system in line with international
commodity exhibitions and transactions. Kuai’an standards and a risk supervision mechanism that
Block focuses on the development of high-tech is more adaptive to the open economy, exploring
industries, industrial finance and service trade new paths for further integration and development
(cross-border e-commerce). Chang’an Block across the strait.
(covering an area of 1.14 square kilometers within
the Fuzhou Export Processing Zone) focuses on Since its establishment at the end of December
the development of processing trade, bonded 2018, a total of 29,400 new enterprises have
warehousing and cold chain logistics. Langqi Block been added in the Fuzhou Free Trade Zone,
focuses on the development of tourism, education accounting for 17.4% of the total number of
and training, health and medical treatment. Nantai new enterprises in Fuzhou, and new registered
Island Block focuses on the development of cross- capital has reached Rmb619.9 billion. In addition,
strait financial services innovation, professional 982 new foreign-funded enterprises have been
exhibition services, commodity exhibitions and established and 38% of the newly-added foreign-
transactions. funded enterprises in the city have registered
capital equivalent to Rmb66.79 billion. As of June
- The Fuzhou Bonded Port area has a planned 2019, there were 2,784 financial and financial-
area of 9.26 square kilometers and is divided into like enterprises, an increase of about 12.6 times
2 blocks. Xincuo Block focuses on the development compared to before its establishment.
of advanced manufacturing industries (highlighting
bonded automobile maintenance and refit, Xiamen Area of China (Fujian) Pilot
aircraft research and development, manufacturing, Free Trade Zone
operation and maintenance), and finance leases.
Jiangyin Block focuses on the development of The Xiamen Area covers a total area of 43.78
international shipping and logistics, vehicle and square kilometers, with a focus on building a
spare parts import and export, bonded warehousing, demonstration area for cross-strait emerging and
and bonded exhibitions and transactions. modern service industry cooperation, a southeast
international shipping center, a cross-strait
In 2019, the Fuzhou Area again introduced regional financial service center and a cross-strait
favorable policies. On January 4th, the Fuzhou trade center. The area includes two blocks that
Municipal People's Government issued the “Five consist of:
Measures for Further Promoting the Reform
and Innovation of the Fuzhou Area of the China - The core area of the cross-strait trade center
(Fujian) Pilot Free Trade Zone”, which requires the covering an area of 19.37 square kilometers,
Fuzhou Area to focus on promoting investment designed to: (i) develop modern port-vicinity
and project implementation, and facilitate the industries such as shipping logistics, import and
innovation of international trade supervision export, bonded logistics, valued-added processing,
systems, cultivate and expand new platforms and service outsourcing and bulk commodities trade;
new formats, promote financial innovation to serve (ii) build a highly efficient, convenient, green
the real economy, and deepen cooperation and and low-carbon logistics network and a modern
exchanges with Taiwan and countries and regions shipping service system with high-quality services
along the "Maritime Silk Road". On October 11, and complete functions; and (iii) build itself into an
94
and seven blocks" consists of: the “Reform and Innovation Measures to Further
Promote the China (Fujian) Free Trade Pilot Zone,
- The Fuzhou Economic and Technological Fuzhou Area of the High-Quality Development of
Development Zone has a planned area of 22 The Export-Oriented Economy”, which requires the
square kilometers divided into five blocks. Majiang commitment to build a more open international
Block (covering an area of 0.6 square kilometers investment management model, explore the
within the Fuzhou Bonded Port Area) focuses on establishment of a higher level of international
the development of trade platforms for the 21st trade supervision, and build a financial and tax
Century Maritime Silk Road, cultural creativity, innovation system in line with international
commodity exhibitions and transactions. Kuai’an standards and a risk supervision mechanism that
Block focuses on the development of high-tech is more adaptive to the open economy, exploring
industries, industrial finance and service trade new paths for further integration and development
(cross-border e-commerce). Chang’an Block across the strait.
(covering an area of 1.14 square kilometers within
the Fuzhou Export Processing Zone) focuses on Since its establishment at the end of December
the development of processing trade, bonded 2018, a total of 29,400 new enterprises have
warehousing and cold chain logistics. Langqi Block been added in the Fuzhou Free Trade Zone,
focuses on the development of tourism, education accounting for 17.4% of the total number of
and training, health and medical treatment. Nantai new enterprises in Fuzhou, and new registered
Island Block focuses on the development of cross- capital has reached Rmb619.9 billion. In addition,
strait financial services innovation, professional 982 new foreign-funded enterprises have been
exhibition services, commodity exhibitions and established and 38% of the newly-added foreign-
transactions. funded enterprises in the city have registered
capital equivalent to Rmb66.79 billion. As of June
- The Fuzhou Bonded Port area has a planned 2019, there were 2,784 financial and financial-
area of 9.26 square kilometers and is divided into like enterprises, an increase of about 12.6 times
2 blocks. Xincuo Block focuses on the development compared to before its establishment.
of advanced manufacturing industries (highlighting
bonded automobile maintenance and refit, Xiamen Area of China (Fujian) Pilot
aircraft research and development, manufacturing, Free Trade Zone
operation and maintenance), and finance leases.
Jiangyin Block focuses on the development of The Xiamen Area covers a total area of 43.78
international shipping and logistics, vehicle and square kilometers, with a focus on building a
spare parts import and export, bonded warehousing, demonstration area for cross-strait emerging and
and bonded exhibitions and transactions. modern service industry cooperation, a southeast
international shipping center, a cross-strait
In 2019, the Fuzhou Area again introduced regional financial service center and a cross-strait
favorable policies. On January 4th, the Fuzhou trade center. The area includes two blocks that
Municipal People's Government issued the “Five consist of:
Measures for Further Promoting the Reform
and Innovation of the Fuzhou Area of the China - The core area of the cross-strait trade center
(Fujian) Pilot Free Trade Zone”, which requires the covering an area of 19.37 square kilometers,
Fuzhou Area to focus on promoting investment designed to: (i) develop modern port-vicinity
and project implementation, and facilitate the industries such as shipping logistics, import and
innovation of international trade supervision export, bonded logistics, valued-added processing,
systems, cultivate and expand new platforms and service outsourcing and bulk commodities trade;
new formats, promote financial innovation to serve (ii) build a highly efficient, convenient, green
the real economy, and deepen cooperation and and low-carbon logistics network and a modern
exchanges with Taiwan and countries and regions shipping service system with high-quality services
along the "Maritime Silk Road". On October 11, and complete functions; and (iii) build itself into an
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