FTZ上海自贸区.pptx

上海自贸区情况概览上海自贸区情况概览SH FTZ in a Nutshell目录 catalog2自贸区概览自贸区概览FTZ at a Glance潜在政策细则潜在政策细则Potential policy details潜在改革领域及受益行业潜在改革领域及受益行业Beneficiary sectors with potential reforms自贸区概览自贸区概览FTZ AT A GLANCE3自贸区概览 FTZ at a Glancen上海自贸区包括约28.8平方公里，涵盖上海市外高桥保税区、外高桥保税物流园区、洋山保税港区和上海浦东机场综合保税区等4个海关特殊监管区域。nThe Shanghai Pilot FTZ covers 28.8 square kilometers and links four existing special trade areasthe Waigaoqiao Free Trade Zone,the Waigaoqiao Bonded Logistics Zone,the Shanghai Yangshan Free Trade Port Area and the Shanghai Pudong Airport Free Trade Zone.Where is the SH FTZ?无具体时间表无具体时间表NO AVAILABLE TIMELINE4自贸区概览 FTZ at a Glancen国务院颁布的上海自贸区政策框架侧重于：国务院颁布的上海自贸区政策框架侧重于：p1)金融创新和改革以促进对外贸易和外国投资；p2)减少行政流程以符合自由贸易的需要；p3)探索“负面清单”（即贸易和投资禁止事项）模式，并将其效果之与当前实施的“正面清单”（即许可事项）相比较，以加强贸易和投资的自由度；p4)提高服务业开放程度。n在此之外的进一步细节十分有限，且未公布具体的时间表。在此之外的进一步细节十分有限，且未公布具体的时间表。nSH FTZ outline issued by the State Council focuses broadly onp1)Financial innovations and reforms to facilitate foreign trade and investment;p2)Reducing administrative procedures to fit the free trade mode;p3)Exploring the Negative list(i.e.,forbidden items for trade and investment)for foreigners,and comparing it with the Positive list(i.e.,allowed items)currently in effect,thus enhancing the freedom to trade and invest;p4)Enhancing service sector openness.nFurther details beyond this broad outline are limited,and no timeline was made available.上海与前海对比上海与前海对比SHANGHAI VS.QIANHAI5自贸区概览 FTZ at a Glancen上海自贸区和前海经济上海自贸区和前海经济特区的比较特区的比较n更多金融创新空间和“负面清单”管理是主要的区别.nSH FTZ vs.Shenzhen Qianhai SEZnmore room for financial innovation,with the Negative list being the key distinguishing factorSH FTZ vs.Shenzhen Qianhai SEZSource:The State Council of China概览 At a Glance6At a Glance自贸区概览自贸区概览FTZ at a Glance潜在政策细则潜在政策细则Potential policy details潜在改革领域及受益行业潜在改革领域及受益行业Beneficiary sectors with potential reforms改革四大方向改革四大方向FOUR DIRECTIONS7潜在政策细则 Potential policy detailsn根据对新加坡、迪拜、韩国和香港自贸区的分析、TPP 规定以及国务院提出的总体政策方向，潜在具体政策主要包括自由贸易、金融和投资领域开放、税收制度潜在具体政策主要包括自由贸易、金融和投资领域开放、税收制度。nBased on our analysis of FTZ in Singapore,Dubai,Korea,and Hong Kong,as well as the TPP rules and the general policy direction as outlined by the State council,the potential policy details can be listed as Free trade,financial liberalization,investment liberalization,taxation system.International experience of FTZ in HK/Singapore/Dubai/Korea and TPP rules自由贸易自由贸易改革改革FREE TRADE REFORM8潜在政策细则 Potential policy detailsn上海自贸区可能实施：上海自贸区可能实施：p1)近乎零关税和低仓储费用；p2)打造更高效的物流体系（完善港口/机场/航运和其它基础设施）；p3)改善管理（IT 系统升级等）、取消干预或减少海关环节；p4)建立更多免税的娱乐设施和购物中心。nSH FTZ could implement:p1)almost 0%tariff rate and low warehousing fee;p2)build up more efficient logistics systems(infra improvements for ports/airport/shipping and other facilities);p3)improved management(IT system upgrading,etc.)and no intervention or fewer customs administration;p4)more entertainment facilities and shopping malls(Duty Free).金融市场金融市场化化FINANCIAL LIBERALIZATION9潜在政策细则 Potential policy detailsn潜在政策可能包括：潜在政策可能包括：p1)在自贸区内开放资本项目以支持自由贸易模式，但通过资本监管将自贸区和国内其它地区分离；p2)在自贸区内实现利率市场化以加速融资；p3)允许自贸区内的外资银行分行开展人民币业务，包括吸收存款、企业金融、贸易金融、资金业务和贵金属交易；p4)试行人民币自由兑换；p5)融资租赁、期货保税交割及保税仓单押融。nPotential policies could include:p1)capital account opening regionally,to support the free trade mode,but separated from the rest of China by capital supervision between FTZ and the domestic market;p2)interest rate deregulation within the FTZ to facilitate financing;p3)allowing foreign banks with branches in the FTZ to operate RMB business,including accepting deposits,corporate finance,trade finance,treasury activities,precious metal trading;p4)piloting RMB exchange rate formation mechanism;p5)finance leases,futures bonded delivery,and bonded warehouse mortgage financing.投资投资自由化自由化INVESTMENT LIBERALIZATION10潜在政策细则 Potential policy detailsn可能涉及：可能涉及：p1)根据“负面清单”允许外商更灵活地开展贸易和投资，即可参与不在“负面清单”上的所有项目，这与TPP 规定基本相符；p2)国内资金的境外投资将从核准制改为登记制，并提供更多金融安排。nThis could involve:p1)more freedom for foreigners to tradeand invest based on the Negative list,as it would mean that they can participate in allprojects not on the Negative list,which is broadly consistent with TPP rules;p2)domesticcapital investment abroad to be modified from the approval system into a filing system,with more financial facilities.税收税收体系体系TAXATION SYSTEM11潜在政策细则 Potential policy detailsn可能包括：可能包括：p1)促进税收创新（税制便利）、包括离岸贸易、境外投资收益分期缴税；p2)上海自贸区试行15%的企业所得税率（其他地区25%）。nThis could involve:p1)promoting tax innovations(tax system convenience),including offshore trade,installment payment on foreign investment income;p2)piloting 15%corporate income tax rate(vs.25%in other areas)in SH FTZ;概览 At a Glance12At a Glance自贸区概览自贸区概览FTZ at a Glance潜在政策细则潜在政策细则Potential policy details潜在改革领域及受益行业潜在改革领域及受益行业Beneficiary sectors with potential reforms潜在改革领域及受益行业潜在改革领域及受益行业BENEFICIARY SECTORS WITH POTENTIAL REFORMS13潜在改革领域及受益行业Beneficiary sectors with potential reformsn我们认为自贸区内的出口企出口企业、船运企业、航空公司、业、船运企业、航空公司、港口、房地产开发商、金融港口、房地产开发商、金融机构、建筑商和物流企业机构、建筑商和物流企业将成为上海自贸区的潜在受益者，而自贸区内的购物中心、购物中心、旅游业、酒店和其他娱乐设旅游业、酒店和其他娱乐设施施也将受到间接影响。nWe believe regional exporters,shipping,airlines,ports,property,financials,construction,and logistics would be the potential beneficiaries of SH FTZ.Regional shopping malls,tourism,hotels,and other entertainment facilities would also be indirectly impacted,in our view.Beneficiary sectors in areas with potential reforms非常感谢！非常感谢！Many Thanks!