Research On The Financial And Trade Function Expansion In Shanghai Pilot Free Trade Zone

On September29,2013, Shanghai free trade zone was formally established. China (Shanghai) Pilot Free Trade Zone is an experimental field for reform and opening-up. It undertakes an important business of promote trade deeply open. It is expected to form some replicable and propagable rules experience on a national scale, then improve the escalation of the structure of industry.In this context, the development of financial and trade functions in Shanghai free trade zone becomes a hot topic for current research. After consulting lots of documents, we can find that the previous studies on this topic were focus on the function comparison between bonded area and free trade zone, however did not pay enough attention to promotion of function in Shanghai free trade zone. Therefore, it is necessary to study the development of financial and trade functions, and it is of great and practical significance to further development of Shanghai free trade zone.In this thesis, firstly I state the background and the significance of Shanghai free trade zone, and define the concept of free trade zone, bonded area, bonded zone and so on, compare their functional characteristics, review the development process of Shanghai free trade zone. Then discuss the existing financial and trade functions of Shanghai free trade zone, and make a systemic study on the development status of various functions. The existing financial functions contain International trade settlement center, finance lease, RMB settlement of cross-border trade, futures bonded delivery and warehouse receipt financing. The existing trade functions contain traditional international trade, export processing, international logistics three functions. And the emerging functions such as offshore trade, bonded ship registration and the integration of the zone and neighboring port. At the same time, I take a description of trade and financial related policy laws its existence question after the set up of free trade zone. Then the paper studies the function expansion on what it previously had. In the aspect of financial function expansion, The paper mostly offers points to bill and investment facilitation, offshore financial and lifting foreign-exchange controls. In the aspect of trade function expansion, The paper mostly offers points to cross-border electronic commerce, arbitrage trade, port service expansion, bonded ship registration expansion, management and intellectual property rights trade, service trade. Meanwhile this paper uses modern economics theory to analyze the interaction between the financial and trade functions, make a point that only the both interact each other that can promote the function in Shanghai free trade zone.Finally the paper summarizes the conclusions and proposes the corresponding policy recommendations. The paper suggests that we should narrow the scope of the negative list, reform the tax system, improve and perfect the innovative regulatory system and system of laws and regulations which are adjusted with Shanghai free trade zone.