China (CN)

Jurisdiction Overview

418 *Freeports: Are freeports/free trade zones/foreign trade zones/bonded warehouses promoted as places to store valuable assets (e.g. gold bullion, art, precious stones, jewelry, cash, antiquities, wines, cigars, cars)? Yes
 Data Date: 2019


China operates free trade zones and bonded warehouses in its territory. While a private actor in the high value asset storage business was found to promote free zone storage in various locations, it is unclear whether Shanghai FTZ is still used by this company for high value asset storage. The company lists three Shanghai entities in its Asia-Pacific network, which are located at the China Diamond Exchange Centre; as well as other entities located in other parts of China, near airports or ports. Otherwise the Shanghai Gold Exchange appears to manage gold storage in bonded /free zone areas.