China's central bank said on Wednesday it will completely liberalize interest rates for smaller foreign currency accounts in the China (Shanghai) Pilot Free Trade Zone.
The Singapore Branch of the Industrial and Commercial Bank of China (ICBC) said it has made two cross-border yuan loans to two firms based in Shanghai's pilot free trade zone.
Five third-party payment firms have received the green light to handle yuan-denominated cross-border payment in Shanghai's free trade zone.
Guotai Junan Securities opened a branch in the China (Shanghai) Pilot Free Trade Zone on Monday, the first of its kind in the area.
Details of a reform measure in the China (Shanghai) Pilot Free Trade Zone to allow investment in overseas securities market will be unveiled by March.
The Shanghai Pilot Free Trade Zone will come up with replicable financial measures within one year while strengthening management and control of financial risks.
The China (Shanghai) Pilot Free Trade Zone is likely to become an international treasury center and attract an increasing number of multinationals.
China's central bank said on Monday that it has recently issued a guideline in offering financial supports for China's FTZ in Shanghai.
The People's Bank of China, the nation's central bank, is considering establishing a draft trading platform within the Shanghai Free Trade Zone.
Shanghai bourse again rejected the possibility of introducing an international board in the free trade zone.
The Bank of Communications Financial Leasing Co Ltd confirmed that it has leased one Boeing-737 aircraft to an express company in the Shanghai free trade area.
HSBC Holdings Plc and Bank of East Asia said they had received approval from the authority to operate in the 28-sq-km Shanghai Free Trade Zone.
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