CHINA MINING focused on trade opportunities of China
(Tianjin) Pilot Free Trade Zone
Source:www.bhsb.tjbhnews.com Citation:www.bhsb.tjbhnews.com Date: October 23, 2015
The "Forum on Policies and Opportunities of China (Tianjin) Pilot Free Trade Zone(TJ FTZ) " stood out to be one of the highlights of the CHINA MINING Congress and Expo 2015 held on the afternoon of October 20th. Reporters learned there was a growing trend for companies to flow into the Zone supported by plenty favorable policies since the Zone had been established. Altogether 7567 new enterprises had been set up with an increase of 139.92% up to September 30.
China (Tianjin) Pilot Free Trade Zone(TJ FTZ) was committed to building a comprehensive new platform for opening up wider to the outside world of Northern China. As an important part of the institutional innovation, the Zone had always adhered to implementing favorable reforms with a series of preferential innovative policies launched to provide facilitation in the field of trade, investment, service, business environment, business registration as well as intellectual property , etc.ever since being established.
Mr. Jiang Guangjian, the Deputy Director of the Management Committee of the zone introduced that the "
As was believed by official of the Ministry of Land and Resources of PRC, the development of Tianjin Pilot Free Trade Zone would, simultaneously, motivated the mining industry in China. Officials of Dongjiang area in Tianjin port pointed out that Dongjiang, located at the east end of the Eurasian Continent, tied land-sea transportation of the Continent, which facilitated international cooperation for the mining industry in China in respect of logistics. Dongjiang financing system and lease industry would perfectly support the introduction of high-end equipment from overseas, technological transformation as well as upgrading. On the other hand, domestic enterprises could take full advantage of the Zone in overseas financing so as to realize overseas acquisitions and investment. Tianjin Tewoo Group Co., Ltd, as the world top 500 enterprises, got involved in real estate in energy and mining business. "The existing national capital pool was unable to meet the needs of the Group`s global financial management as a result of overseas business expanding continuously in recent years." A management personnel of the enterprise introduced. They hence built a pilot cross-border capital pool based on Tianjin Pilot Free Trade Zone together with the Bank of China. Since no limitation was set on the amount of capital on this in policy, collecting and adjustment of cross-border RMB funds was allowed in line with actual business needs, which maximized the utilization efficiency of the Group`s internal capital and capital gains, in an effort to support the liquidity management of the Group. Mr. Tong Jiadong, Vice President and Director of the Research Center of China Pilot Free Trade Zone in Nankai University noted that, Tianjin Pilot Free Trade Zone would be committed to the construction of international excellence over the next three to five years in accordance with the national orientation in trade liberalization, investment facilitating , high-end industry cluster, financial services improvement, www.chinaminingtj.org.
