Xiamen Free Trade Zone has introduced another innovative measure — China's first intelligent stamp tax coordination mechanism for offshore trade, which officially commenced operations on July 1.
Since its establishment, the Xiamen FTZ has actively supported the financing leasing industry in various aspects such as economic policies, industrial support, and talent development.
The new "One Window for Cross-Strait" service model established by the Xiamen FTZ covers 10 categories of services including approval services, policy services, entrepreneurship services, and talent services.
China has further opened up the financial sector by pledging equal treatment for domestic and foreign financial institutions in terms of launching new financial services in eligible free trade zones, according to a new guideline.
The stay duration for foreign nationals eligible for visa-free transit has been extended from the previous 72 hours and 144 hours to 240 hours (10 days).