What they say

Updated: 2013-09-30 08:05

(China Daily)

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"The company registration system in the FTZ will eliminate quite a lot of procedures that companies used to go through in the past. The negative list system adopted in the FTZ will alleviate a lot of the burden from companies. In this sense, we all have confidence to expand our businesses quickly to a larger part of China."

Fu Weizhong, general manger of Shanghai Capacity Exchange Co Ltd

"The China (Shanghai) Pilot Free Trade Zone is an important milestone in China's efforts to build an international financial center and to reform and reinvigorate its economy for longer-term economic viability. As a leading bank in Asia, DBS is committed to leveraging our strong Asian connectivity and insights from Singapore and Hong Kong to fully support the development of the FTZ."

Neil Ge, DBS Bank (China) Ltd CEO

"We hope there will be some offshore asset exchange centers established in the FTZ, which will provide platforms for Chinese companies going overseas and overseas companies coming into China."

Zhang Junchao, general manager of the International Department of Shanghai United Asset and Equity Exchange

"We're quite excited about it as we always encourage opening of the financial market. But what's more important (to us) is on the cloud computing side. The market is currently regulated, because cloud computing is considered telecommunication service. So as a multinational companies you need a license (to operate in the cloud computing sector), but it's only available to Chinese companies. So we obviously would like to understand such a Free Trade Zone could open up some of the regulatory restrictions we currently face."

Alex Atzberger, senior vice president with SAP

(China Daily USA 09/30/2013 page4)