BEIJING, April 13 (Xinhua) -- China is speeding up the openness of its service industry by introducing multiple measures at local levels recently including easing access restrictions on information service and logistics among others, reported Shanghai Securities News Monday.
Qianhai & Shekou Area of Shenzhen in the China (Guangdong) Pilot Free Trade Zone (Guangdong FTZ) issued a document recently clarifying to gradually remove or ease foreign investors' qualifications, equity ratio, business scope and other access restrictions in the fields of finance, modern logistics, information services, etc.
Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone started the cross-border transfer business of domestic trade financing assets this month, which, according to a related source, will enrich the cross-border RMB two-way circulation channels to satisfy the needs of overseas institutions in allocating high-quality domestic financial assets.
Chinese capital city Beijing will study the version 4.0 pilot program in expanding opening-up of the service sector, so as to build a new highland of open economy consisting of a free trade zone, three comprehensive bonded zones and a number of open functional areas.
China's Ministry of Commerce will also study to add more trials nationwide to open up the service sector while promoting the trial of Beijing, and encourage all localities to quicken the opening of their service industries in line with their own conditions. (Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)
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