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Ningbo Free Trade Zone
2017-09-21Text Size: A A A


Authorized by the State Council in January, 2002, Ningbo Free Trade Zone constructed its south area by land displacement, which covers a total area of 0.4 square kilometers. The Free Trade Zone has the functions of import and export manufacturing, international trading, bonded storage and products display. Later on, in June, 2002, the State Council approved the establishment of Zhejiang Ningbo Export Processing Zone, whose planned area stands at 3 square kilometers.


Regional Characteristics

Enjoying the national preferential policy of “exempting certificate, exempting taxation, and free trading” and operating in the manner of “within the boundary while outside the customs”, Ningbo Free Trade Zone and Ningbo Export Processing Zone are special economic zones that are most economically open to the outside world, have the most flexible operational mechanism, and enjoy the most preferential policies in China. Carrying out unified management and enjoying complementary functions and policies, and linkage development of industries, the two above-mentioned zones have established themselves as areas that boast the most favorable investment environment and complete set of functions. The management committees of the two Zones are agencies of Ningbo municipal government and handle official work in the same place.

Current Condition

Up to now, the Ningbo Free Trade Zone has already attracted a considerable number of investors from nearly 40 countries and regions to set up some 5000 enterprises in it, with the registered capital amounting to 40.3064 billion US dollars, among which 3.6 billion US dollars are invested by 836 foreign investors. Besides, it has brought in 128 high-tech projects, which involves an investment amount of 2.6 billion US dollars. What is particularly noteworthy is the clustering of 137 Taiwan-funded enterprises, 61 of which are manufacturers, making the Zone the largest cluster area of Taiwan-funded enterprises with their total investment amount of 1.13 billion US dollars.

At present, the Free Trade Zone has already established itself as a development base of high- technology and an important import and export logistics distribution center in Eastern China with its industrial clusters of computer, semiconductor optoelectronics, precision machinery, and software, and enterprise clusters of international trading and storage logistics. The number of enterprises settled in the Zone reaches some 450, receiving more than 10 million customers with the sales volume standing at RMB 4.4 billion yuan. The O2O Experience Flagship Center of Netease Koala Overseas Shopping has officially opened in Ningbo.

January, 2016 witnessed the grand opening of the HNA Ningbo Cross-border Bonded Warehouse that covers a total area of 10,000 square meters. With the in-house international logistics, domestic cross-border e-commerce bonded storage and highly efficient clearance capacity of HNA Group as its strengths, the Warehouse distributes its source of supply based on the global network of procurement , gives top priority to improving its supply chain service ability combining cross-border marketing and international transportation, and provides customized supply chain financial service products with the big data and online trading platforms as its support. 

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