The First Session of Top-ten Classic Sample Enterprises of Innovation in China (Shanghai) Pilot Free Trade Zone

Press conference of the first Session of Top-ten Classic Sample Enterprises of System Innovation in China (Shanghai) Pilot Free Trade Zone is held on September 28, in Shanghai. In the past four years, Shanghai Free Trade Zone adhered to liberty of minds, taking measures and trying beforehand, focusing on fields like investment, trade, finance and government functions, forming a batch of innovations of basic and core systems. It has promoted over 100 reform innovation achievements around the nation in different fields and levels, striving to lead in comprehensively deepening the reform under new circumstances, accelerating the benchmark and engine of innovation in driving development.

In order to display the system dividend the Free Trade Zone brought to enterprises, encouraging more enterprises to participate in and utilize the innovation system of Free Trade Zone, duplicating and promoting innovation policies and experience of Free Trade Zone in larger range, Shanghai Free Trade Zone management committee initiated the first session of evaluation activity of Top-ten Classic Sample Enterprises of System Innovation on March, 2017, establishing platforms to show the system innovation achievements of Free Trade Zone in the past four years, discovering and promoting enterprise operation patterns inside the zone with typical significance, making system dividends of Free Trade Zone benefit more enterprises actively.

The evaluation activity lasts for 6 months. The organizing committee conduct large –scale promotion and collection among over 80,000 enterprises in forms of organization recommendation and enterprises’ self-recommendation, going through procedures like media release, enterprise application, field visit, votes by committee of experts, online votes and so on. During this process, the organizing committee had a deep understanding of enterprises’ utilization of innovation policies in Free Trade Zone and the resultant benefits, promoting and popularizing  enterprises’ utilization of innovation policies in Free Trade Zone, eventually selecting the first batch of Classic Sample Enterprises of System Innovation in China (Shanghai) Pilot Free Trade Zone through combination of assessment of expert committee and several times of discussion and research done by organizing committee.

In the conference, ten enterprises that won the title of “Top-ten Classic Sample Enterprises of System Innovation” were released:
Top-ten Classic Sample Enterprises of System Innovation are listed as follows in initial letter order: PWC Business Skills Training (Shanghai) Co., Ltd, Artemed Shanghai hospital Co., Ltd, Shanghai E-Home entertainment Development Company Ltd, Shanghai Shine-Link International Logistics Co., Ltd, Shanghai L’oreal International Trade Co., Ltd, Shanghai Origin Supply Chain Management Co., Ltd, Shanghai FTZ International Culture Investment and Development Co., Ltd, Sony Logistics and Trade (China) Co., Ltd, GE(China) Co., Ltd, Bank of China Shanghai FTZ Branch.

Hang Yingwei, Deputy Secretary General of Shanghai Government, governor of Pudong New District, Executive Deputy Director of Shanghai FTZ Management Committee, expressed in his speech that enterprise is the important subject of constructing Pilot Free Trade Zone, whose system innovation has further activated market innovation vitality and motivation of economic development. Until now, there are 48,000 newly registered enterprises in Shanghai Pilot Free Trade Zone, surpassing total amount in the past 20 years before the establishment of Shanghai FTZ. Average amount of registered enterprises is five times of that before the establishment of Shanghai FTZ, with degree of activity of registered enterprises surpassing 80%. In the newly established enterprises, there are 8,781 foreign-invested enterprises, accounting for nearly 20%, which is only 5% in the early stage of the establishment of Shanghai FTZ. Actual contributed foreign capitals are 16.7 billion dollars, nearly twice of the total amount in the past 20 years before the establishment of Shanghai FTZ.

Hang Yingwei expressed that selected Top-ten Classic Sample Enterprises of System Innovation and top-six Sample Enterprises of System Innovation are from various districts of Shanghai FTZ, including foreign enterprises, state-owned enterprise and private enterprises, demonstrating the typicality and breakthrough of system innovation in FTZ. The system innovation that are beneficial to enterprises include various fields like investment management, trade facilitation, financial innovation and change of government function, which is the best demonstration that Pilot FTZ’s system innovation achievements have served enterprises and enterprises have actively participated in the construction of Pilot FTZ.

Hang Yingwei put forward that in the next step, the construction of Shanghai Pilot Free Trade Zone will keep liberating the minds with the courage to break through and being a god benchmark, comprehensively implementing various targets and tasks in the plan of deepening the reform all-roundly, finding out shortcomings through comparison with the highest international standard from the perspective of enterprises development demand and feeling, creating a more competitive operation environment, providing enterprises with broader stages, more appropriate environment and better services. We believe that enterprises in Pilot FTZ will capture more business opportunities in the hot spot of Pilot FTZ, achieving greater development and creating new glory.