Shanghai Free-trade Zone is the first Hong Kong-like free trade area in mainland China. The plan was first announced by the government in July and official announce of start in Sept with major package of new policies, covering industries from financial services to shipping and transport, as part of its plan to create a Hong Kong-like free-trade zone in Shanghai. The Shanghai FTZ will first span 28.78 square kilometres in the city's Pudong New Area, including the Waigaoqiao duty-free zone and Yangshan port and it is believed it may eventually expand to cover the entire Pudong district which covers 1,210.4 sq km of land. These area which could contain as many as 21 separate initiatives. Hence setting up a company in the area for local and foreigner investor could benefit from this incentive. Registration of a Company such as WOFE, JV, or Trading company could be a new trend in investing in China.