Study On Shanghai Free Trade Zone Of China:Development,Problems, And Countermeasures

After the Global Financial Crisis, the global patterns of trade and finance hasbeen changed a lot, China’s economy also turned into the period of deepening thereform. Currently, the construction of Shanghai free trade zone means a lot to Chinain nowadays. Shanghai free trade zone is an important measure to deal with thechanges among the global economic environment, an necessary path to deepen thereform of Chinese economic system. This paper discusses the background andsignificance of Shanghai free trade zone comprehensively. What’s more, based onthat, it’s framework and construction progress will be elaborately analyzed formtrade, investment and finance. From the domain of trade, the Shanghai free tradezone pushed the transform of trade modes, international logistics and traderegulations. From the domain of investment, the Shanghai free trade zone exploredthe mode of Negative list management mode which proceeded the investmentfacilitation. From the domain of finance, the Shanghai free trade zone is exploring aserious of new financial reform. However, the Shanghai free trade zone is alsofacing some problems and challenges, especially the problems taken by the positionof macroeconomic regulation and control, the innovation about supervision, thefacilitation of investment trade and the construction of FTZ, also the collaboration offinancial reform and so on. This paper considered that the trade liberalization andfacilitation should be further promoted, the capital market should be reasonablyopened, and furthermore, better regulation and supervision of FTZ should beestablished which will push the further development of the Shanghai free trade zone.