摘要
On April 8, 2015, the State Council issued a Special Administration Measures (Negative List) for Foreign Investment in Pilot Free Trade Zones (FTZs) (the "2015 Negative List") applicable to all the four existing pilot FTZs, including Shanghai FTZ, Tianjin FTZ, Guangdong FTZ and Fujian FTZ with the latter three established earlier this year. This list, together with the policy framework for the three new FTZs, has significantly changed the landscape of the pilot FTZs in China. The FTZ experiment has entered an era of 2.0.