Q:
|
What policies has the Shanghai FTZ adopted to open the shipping industry to foreign companies?
|
A:
|
The FTZ has relaxed the restriction on the percentage of foreign capital in a joint venture shipping company. The FTZ allows domestic enterprises to own or hold shares of foreign-registered vessels. Initially, they can do container shipping for import and export businesses between Chinese coastal ports. The FTZ allows foreign investors to establish solely owned ship management enterprises.
|
Q:
|
What is definition of shipping finance as promoted in the FTZ?
|
A:
|
Shipping finance covers all financial activities that occur in the operation of a shipping company, such as loans, insurances, currency custody, currency exchanges, and account settlement. It can be divided into shipping finance, shipping insurance, fund settlement and pricing derivatives.
|
Q:
|
What is development prospect of shipping industry in the FTZ?
|
A:
|
It will promote shipping development through institutional innovation and deepen reform of the free trade zone. It will focus on strategy and precision investment to accelerate the comprehensive gathering of shipping elements resources. It will also strive to meet the highest international standards and continue to improve the shipping business environment. In addition, Pudong will strengthen international cooperation and exchanges to enhance the influence of its shipping reach, and will also optimize the hub port distribution system to serve the integration of the Yangtze River Delta region.
|
Q:
|
What is the benefit for the shipping companies in Waigaoqiao FTZ?
|
A:
|
The Waigaoqiao inspection station in the Shanghai FTZ, responsible for supervising ships and personnel, has improved immigration management to create an efficient customs environment.
Since 2018, the inspection station started to apply a simpler model of clearance customs to check arriving ships. If the information about the vessels submitted online was correct, the station would carry out entry procedures for them without the requirement for paper materials.
|
Q:
|
Why so many people choose Shanghai to register their shipping companies?
|
A:
|
Shanghai ranks fourth among the world's top 10 largest shipping centres, following Singapore, Hong Kong and London, according to a report released on the 15th Maritime Day in Shanghai on 2019.The top 10 international shipping centres are Singapore, Hong Kong, London, Shanghai, Dubai, Rotterdam, Hamburg, New York-New Jersey, Houston and Athens. The Pudong New Area of Shanghai has formed a complete shipping industry chain through reform, opening-up and the exploration of institutional innovations in shipping insurance, management, laws, and consulting services. Shanghai is expected to build itself into an international shipping centre with global shipping resource allocation capabilities by 2022.
|
FAQ
