Five mainland banks have received the key permit for the free-trade zone, but no foreign bank has. Photo: ReutersFive mainland banks have received the key permit for the free-trade zone, but no foreign bank has. Photo: Reuters
Five mainland banks have received the key permit for the free-trade zone, but no foreign bank has. Photo: Reuters
Business /  Banking & Finance

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

Topic |   Shanghai free-trade zone
George ChenJeanny Yu
George Chen and Jeanny Yu

Updated: 4:54am, 9 Jul, 2014

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Five mainland banks have received the key permit for the free-trade zone, but no foreign bank has. Photo: ReutersFive mainland banks have received the key permit for the free-trade zone, but no foreign bank has. Photo: Reuters
Five mainland banks have received the key permit for the free-trade zone, but no foreign bank has. Photo: Reuters
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