Containers at the Shanghai free-trade zone. The city plans to expand the zone into a free-trade port along the lines of Hong Kong and Singapore. Photo: Reuters
Containers at the Shanghai free-trade zone. The city plans to expand the zone into a free-trade port along the lines of Hong Kong and Singapore. Photo: Reuters

Shanghai to expand access to overseas funding for companies as part of plan for free port

City’s mayor says more companies operating outside its free-trade zone will be able to use special bank accounts as it awaits endorsement of an expansion plan

Containers at the Shanghai free-trade zone. The city plans to expand the zone into a free-trade port along the lines of Hong Kong and Singapore. Photo: Reuters
Containers at the Shanghai free-trade zone. The city plans to expand the zone into a free-trade port along the lines of Hong Kong and Singapore. Photo: Reuters
READ FULL ARTICLE