The number of newly registered market entities in the Tianjin Pilot Free Trade Zone has grown nearly 140 percent.

Tianjin Pilot Free Trade Zone. [File Photo: cn156.com]

Official statistics show that the registered capital went up at least 240 percent year-on-year in the first half of this year.

The Tianjin FTZ saw 8-thousand new entities with a total registered capital of 210 billion yuan, or 30 billion U.S. dollars, between April and October.

These new entities have included more than 300 foreign-invested enterprises, with combined capital of 66 billion yuan.

The Tianjin FTZ has formulated the second batch of institutional innovation list of 53 moves in government service and supervision, investment and trade facilitation and the opening up of financing.

It was officially launched on April 21 along with the FTZs in Guangdong and Fujian provinces.

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