Balancing Financial Reform and Risk in the New Zone
Han Zheng unveiled the Shanghai Free Trade Zone on September 29
(Beijing) – Questions remain about how some of the more audacious reforms will be put into practice, but guidelines for the new China (Shanghai) Free Trade Zone clearly map out plans to experiment with more liberal interest rate and capital account mechanisms.
These financial liberalization steps are also priorities on the Chinese government's agenda for nationwide financial reform, which means any tests that succeed in the Shanghai zone could be expanded to reach other parts of the country.
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