Domestic companies outnumber offshore firms in FTZ so far

Foreign investors still trying to understand zone's framework and awaiting more details, official says

Foreign investors are still cautiously optimistic about the China (Shanghai) Pilot Free Trade Zone, though such enthusiasm was not reflected in the number of business registrations, which mostly came from Chinese companies, officials said.

By the end of last week, the FTZ had approved the registration of 38 foreign companies within its 28-sq-km area, with total registered capital of $560 million, according to data released by the Shanghai government on Thursday.