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Tianjin FTZ draws investors
2016/6/30 16:27:31 Source:China Daily

The Tianjin Pilot Free Trade Zone has become a new magnet for investors, thanks to its innovative measures to facilitate investment, according to a local official.
Jiang Guangjian, deputy chief of the zone’s administrative committee, said the free trade zone implemented 123 new measures by the end of 2015.
The Tianjin Pilot Free Trade Zone was officially launched on April 21, 2015, aiming to pilot reforms to be adopted nationwide, especially in Beijing and Heibei province.
The measures, ranging from investment and trade facilitation to opening-up of the financial industry, offer businesses a beneficial environment for growth and result in attracting many investors.
For instance, Yingli Green Energy Holding, which is widely known as Yingli Solar, integrated its logistics companies in Hebei province, Beijing and Tianjin and relocated them to the Dongjiang Free Trade Port Zone of Tianjin.
In the eastern part of Tianjin’s Binhai New Area, Dongjiang is an important part of the Tianjin Pilot Free Trade Zone.
Li Guang, general manager of the newly established international logistics company for Yingli Solar, said: “The company not only provides basic services, such as logistics, customs declarations and commodity inspections, but also has cross-border e-commerce and online shopping businesses.
“In the past, we were doing business with companies in the Beijing-Tianjin-Hebei region mostly,” Li said. “Since the establishment of the free trade zone, we have more cooperation opportunities nationwide and worldwide.”
In 2015, the logistics company’s revenue reached 80 million yuan ($12 million), about 10 times the value in 2013 when there were three separate companies. Revenue is expected to reach 120 million yuan by the end of 2016, according to Li.
Large enterprises from neighboring Beijing and Hebei were also attracted to the Tianjin Pilot Free Trade Zone to set up their headquarters.

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