Platform created for China (Shanghai) Pilot Free Trade Zone (FTZ) went online on Tuesday to offer services to China's domestic companies planning to target overseas markets.
The platform, co-developed by the FTZ management committee and Shanghai UDC Business Consulting Co Ltd, will be able to help companies register and trace their application process online. Companies can also share their updated information on this platform. The local authorities will provide overseas investment guidance to companies in six stages via this platform.
Dai Haibo, executive deputy director of the FTZ management committee, said 2014 will become a turning point for China in terms of investment, as the amount of capital flowing out will outnumber the capital pouring in.
"This trend is also visible in the FTZ as companies are displaying huge appetite for investing in overseas markets. Therefore, we have come up with this platform to provide all necessary services to these companies," he said.
Meanwhile, the revised version of FTZ's English website was also released on Tuesday. With this updated version, overseas investors will be able to obtain the most recent FTZ information which is synchronized with FTZ's Chinese official website. In addition, the FTZ's application program for mobile users also went online on the same day.
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