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Financial reform a key sector for FTZ dev't

CCTV.com

11-23-2016 14:55 BJT

Financial reform has always been the focus for the Shanghai free trade zone. China's central bank outlined the framework for the Shanghai FTZ's financial reform in 2013 during the zone's establishment.

An FTZ account system was introduced to manage cross-border free capital flows.

After that, the central bank eased limitations on offshore financing for FTZ companies and implemented a filing system to take the place of approval procedures.

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