• Sat
  • Dec 20, 2014
  • Updated: 10:25pm

Free-trade Zone

China Development Bank loans point to stealthy economic stimulus

More than 60 per cent of China Development Bank's bonds sold this year went to investors in Europe, the Middle East and Africa. Photo: EPA

China Development Bank (CDB) has agreed to fund massive infrastructure borrowing by three mainland provincial governments in the latest sign of an effort by Beijing to prop up growth with targeted bursts of lending.

Thursday, 15 August, 2013, 9:05am

Key Chinese cities and provinces set to receive stimulus - on the quiet

Agbank signed an agreement with Shanghai last week to provide loan credit worth 250 billion yuan. Photo: Bloomberg

Government and banking industry sources familiar with the situation told the South China Morning Post that Agricultural Bank of China (Agbank), one of the big four state lenders, signed an agreement with the city government last week to provide loan credit worth 250 billion yuan (HK$314 billion) - equivalent to about 12.5 per cent of Shanghai's GDP for last year.

12 Aug 2013 - 7:23am 2 comments

Hong Kong need not fret too much, for now, about northern pretender

Hong Kong need not fret too much, for now, about northern pretender

When Beijing announced last month its landmark plan to create a Hong Kong-like free-trade zone in Shanghai, many people, including myself, naturally felt Hong Kong's position as one of the world's leading financial centres could be further weakened.

5 Aug 2013 - 7:50am 5 comments

Legal loopholes prompt China to delay Shanghai free-trade zone rules

Chinese Premier Li Keqiang. Photo: Xinhua

The central government had planned to unveil the rules late last month, but policymakers put the lawyers back to work out of concern the legal framework needed tightening, to reduce the risk of legal disputes involving foreign investors, government sources familiar with the matter said.

5 Sep 2013 - 7:25am

Shanghai free-trade zone edges closer

Shanghai is seeking to spur growth with the free-trade zone.

The proposals on the free-trade zone were being reviewed by the relevant ministry-level authorities in Beijing and were likely to receive the go-ahead as early as July, the state-owned Shanghai Securities News reported.

7 Jun 2013 - 3:46am 1 comment

What's being said on facebook.com/southchinamorningpost

There are strong expectations on Shanghai building a free-trade zone. Photo: AFP

On Shanghai building a free-trade zone:

Patrick Shu Wing-lee - Hong Kong still has the edge, but must not sit idly doing nothing to improve further. Otherwise, other cities on [the] mainland may take over some day. Hong Kong will then drop to second or third place.

Sam Ho - Hong Kong should not be complacent, or it will be overtaken by its neighbours.

30 Jan 2013 - 4:21am

Free-trade Shanghai aims to create a 'mini-Hong Kong'

Bonded zones are prototypes of free-trade zones. Photo: Xinhua

Shanghai has put its best foot forward in building the mainland's first free-trade zone, an ambitious project that demonstrates the city's increasing assertiveness in its bid to become a world-class metropolis.

29 Jan 2013 - 4:56am

Hong Kong faces new competition as Shanghai plans free trade zone

The Yangshan Deepwater Port in Shanghai. Photo: EPA

Shanghai will start building a free-trade zone this year in a major step towards its long-term ambition of becoming a leading international trading hub.

28 Jan 2013 - 10:04am 20 comments