The People's Bank of China said on Monday it will permit businesses and individuals to open offshore accounts in Shanghai Free Trade Zone.
Shanghai Free Trade Zone is likely to become a major international treasury center and will 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 China (Shanghai) Pilot Free Trade Zone held its first auction on Sunday, with 73 of 90 lots successfully sold.
The new version of the negative list in 2014 for the Shanghai FTZ has room for improvement.
More than 800 companies have registered in the China (Shanghai) Pilot Free Trade Zone since it was officially launched at the end of September.
After more than a month of testing, the cross-border e-commerce platform of the China (Shanghai) Pilot Free Trade Zone started its dry run on Monday.
The Shanghai Free Trade Zone’s negative list shed further light on which sectors the Chinese government views as strategically important, and hence which are likely to benefit from government protection and support.
The "negative list" policy being tried out in the China (Shanghai) Pilot Free Trade Zone won't be expanded nationwide immediately as expected, as modifications are needed.
The Shanghai Municipal People's Congress, the city's legislature, has begun research on regulations for China's first pilot free trade zone.
Acollection of warehouse developments facing the breeze of the East China Sea might seem an unlikely symbol of China's future.
A tribunal for the China (Shanghai) Pilot Free Trade Zone was established on Tuesday to provide judicial services to investors in the zone.
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