Tianjin Pilot Free Trade Zone Sets up Comprehensive Service Center
Recently, the Management Committee of China (Tianjin) Pilot Free Trade Zone issued a document agreeing to establish the Tianjin Pilot Free Trade Zone Comprehensive Service Center for Cross-border Investment and Financing in the central business district of Binhai New Area. The center will enhance cross-border investment and financing services and promote investment facilitation in terms of docking international economic and trade rules, expanding opening up, service innovation and policy promotion.
The service center will build a cross-border investment and financing platform and dock to international economic and trade rules with high standards. In terms of expanding opening up, the center will be based on the regional functional positioning and the foundation of the real industry and carry out a more vigorous opening up breakthrough and a greater degree of risk stress testing. In terms of service innovation, the center will focus on policy, function, industry, service, carrier and other key links to promote integrated innovation in government services, market services and capital services. In addition, it will also establish a joint service mechanism of “bank + government + intermediary” to provide enterprises with one-stop government services for cross-border investment and financing on a regular basis. In terms of policy promotion, the center will support the replication and re-innovation of FTF policies in a wider scope, and enhance the level of judicial protection for cross-border investment and financing.
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