• Wed
  • Aug 27, 2014
  • Updated: 8:31pm

Shanghai Free-trade Zone

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 it was personally endorsed by Premier Li Keqiang who said he wanted to make the zone a snapshot of how China can upgrade its economic structure. Other mainland cities and provinces including Tianjin and Guangdong have also lobbied Beijing for such approvals. 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.

CBRC urged to relax lending rules in Shanghai free-trade zone

Banks in the Shanghai free-trade zone have jointly lobbied for a relaxation of capital requirements on borrowers for fixed-asset investments in an attempt to boost lending in the zone, sources said.

Monday, 14 July, 2014, 3:09am

Foreign banks in Shanghai free-trade zone lack permits to transfer funds freely

Ten foreign banks have opened subsidiaries in the Shanghai free-trade zone, but none has obtained a key permit that would allow them to take advantage of the liberalisation offered.

9 Jul 2014 - 4:54am

Banks rush to open branches before Shanghai free-trade zone anniversary

The Shanghai free-trade zone  is set to see a wave of new bank openings before its first anniversary, including the first privately owned bank.

8 Jul 2014 - 10:26am

Shanghai free-trade zone seen as way to boost appeal of panda bonds

After the pilot Shanghai Free Trade Zone project aimed at smoothing cross-border yuan flows, encouraging foreign firms to sell so-called "panda bonds" in China may be the next big-bang reform move, says Standard Chartered Bank.

23 Jun 2014 - 4:15pm

Planning key to free-trade zones

Competition among mainland provinces and cities is so keen that what one gets that is perceived as beneficial, the others immediately want. The pilot free-trade zone set up in Shanghai eight months ago prompted a clamour for the same by more than 20 entities.

11 Jun 2014 - 4:19am

Pause in China's trade zones unlikely to dim mood for pacesetters

The mainland government's decision to freeze applications for free-trade zones is unlikely to crimp the plans of developers heavily involved in projects in Shanghai and across the thriving Pearl River Delta region.

9 Jun 2014 - 5:53am

Regulator eases red tape for marine insurance in Shanghai free-trade zone

The mainland's insurance regulator is using the Shanghai free-trade zone as a testing ground for more flexibility in marine insurance, furthering a goal of cutting red tape.

6 Jun 2014 - 4:48am

Xi Jinping's visit to Shanghai zone gives new hope to economic reform

The Shanghai free-trade zone, which has so far received mixed feedback from foreign investors since it was launched last October, finally won its biggest supporter last Friday - a surprise first-time visit by President Xi Jinping.

31 May 2014 - 6:17pm

Xi Jinping shows support for Shanghai free-trade zone in whistle-stop visit

President Xi Jinping, together with the local Shanghai Communist Party chief Han Zheng and Mayor Yang Xiong, paid an unexpected first visit to the Shanghai free-trade zone yesterday.

1 Aug 2014 - 4:33pm 1 comment

More reforms on the way in Shanghai FTZ, says vice-mayor

Shanghai vice-mayor Tu Guangshao has heralded further financial liberalisation in the city's free-trade zone, fuelling speculation about future full convertibility of the yuan in the test bed for mainland economic reform.

23 May 2014 - 12:51am