Updating overseas markets
Song Ding, a research fellow at the Shenzhen-based China Development Institute, said that the Shenzhen FTZ had been set up with the intention of absorbing talented financial professionals with management experience from neighboring Hong Kong, but the effects had not been very obvious at the beginning.
"Now the local government is further relaxing financial policies for the trade zone to attract Hong Kong-based financial companies," Song told the Global Times.
On Monday, Shenzhen city government launched a series of measures to deepen reforms and innovation in its FTZ.
The measures not only further ease regulations on overseas enterprises, but also improve services for Chinese companies that invest abroad.
Sense of urgency According to the new measures, overseas architecture companies in the Shenzhen FTZ will not be restricted by current overseas investment proportion limits if they are contracted to participate in a Sino-foreign joint construction project in South China's Guangdong Province.
The measures also ease requirements on the proportion of foreign technical personnel in overseas-invested construction design enterprises.
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The Government had solicited ARCEP's expertise to inform the debate over the Act on updating laws in French overseas departments and territories, which ultimately inserted a provision into the French Electronic communications and postal code that puts an end to roaming fees for mobile telephone calls and short text messages (SMS) for users travelling between Metropolitan and overseas France, starting on . ARCEP believes that this new provision will destabilise overseas markets considerably.
Accompanying measures for operators would be required to ensure that putting an end to the roaming fees billed to end users is economically viable.
First it must be emphasised that, if roaming is due to become a commodity for customers in Europe, the transition will still have an impact on operators' business model: telcos need to lease another operator's network to be able to route the calls of customers travelling outside the reach of their network, i.e. Before retail market roaming charges can be phased out, reforms must be brought to the wholesale roaming markets in which telcos purchase their roaming solutions.
Second, ARCEP's analysis reveals the need to introduce fair use limits for customers, beyond which operators will be allowed to charge them for roaming.