Shanghai issues service trade negative list

The Shanghai municipal government released a negative list for cross-border service trade on Tuesday, the first of its kind in China.

A total of 159 detailed regulations have been included in the new negative list, covering 31 industries. The new list defined cross-border service trade as "commercial activities delivered by overseas service providers to consumers in the China (Shanghai) Pilot Free Trade Zone".

There will be three major business models covered by the new list, including cross-border service directly delivered to the FTZ, overseas service provided to consumers in the FTZ and overseas service delivered via natural persons in the FTZ.