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.
Li Liang was overjoyed last week when he began to be swamped by inquiries about office rent and commercial property available for purchase in the free-trade zone (FTZ) in the Waigaoqiao area of Shanghai.Thursday, 17 April, 2014, 1:11am
Li Liang was overjoyed last week when he began to be swamped by inquiries about office rent and commercial property available for purchase in the free-trade zone (FTZ) in the Waigaoqiao area of Shanghai.16 Apr 2014 - 2:59pm
When will China fully liberalise the red-hot yuan? Even the central bank of the world’s second-biggest economy may not really have a clue, with senior officials locked in a debate over when foreign exchange controls should be lifted.19 Mar 2014 - 5:19pm 9 comments
Premier Li Keqiang has a tough job. From the new war on air pollution to maintaining strong economic growth in a more realistic manner, nothing is easy for the country's No 2 leader after President Xi Jinping.17 Mar 2014 - 8:59am 3 comments
Wenzhou residents have a reputation as bold punters, but prefer number-crunching to nervy bets these days. The city in southeastern Zhejiang province was long a hub for the underground banking system before its spectacular collapse in 2011.8 Mar 2014 - 7:00am
As the mainland plans to replicate what it has achieved in the Shanghai free trade zone (FTZ), the authorities may have to rethink how they can avoid a repeat of volatile home prices in other trial areas, analysts warned.8 Mar 2014 - 1:40am
Beijing has taken a preliminary step towards liberalising the yuan capital account in the Shanghai free-trade zone, easing controls on foreign currency conversions for foreign direct investment (FDI) while attracting multinational companies to establish foreign exchange asset pools inside the zone.1 Mar 2014 - 1:14am 1 comment
Reform of the mainland's interest rate mechanism will be spearheaded in Shanghai's free-trade zone (FTZ) after it received approval to scrap a cap on foreign-exchange deposits.
But Beijing threw cold water on financial institutions' hopes for bold liberalisations in the zone, touted as an important test bed for further economic reforms.27 Feb 2014 - 3:09pm
The mainland's central bank has allowed companies based in Shanghai's free-trade zone (FTZ) to conduct offshore yuan borrowing, taking an initial step towards drastic financial liberalisations inside the high-profile testing ground for further economic reforms on the mainland.22 Feb 2014 - 1:15am
Lawmakers want the government to speed up its numerous financial reform plans and to go further in helping local financial professionals enter the many planned free-trade zones in the mainland.30 Jan 2014 - 5:01am