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  • Beijing Review

    ECONOMY

    Jun 18, 2020 5 minutes

    FTP Benefits

    Market entities will enjoy a number of benefits in investment, tax and market access when doing business in the Hainan Free Trade Port (FTP), Shen Xiaoming, Governor of Hainan Province, south China, said on June 8.

    License application and government approval will not be required for industries that are not prohibited by law or mandatory standards, Shen told a press conference in Beijing.

    Foreign investment will be subject to a management system combining pre-establishment national treatment and a negative list designated for the FTP, further reducing restrictions and prohibitions on the basis of free trade zones, Shen said.

    Domestic firms registered in the FTP will be encouraged to raise funds by issuing shares abroad. The FTP will also offer tax benefits for firms

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