The Chinese central bank is establishing a set of "separate accounts" system, whereby all accounts of enterprises, individuals and financial institutions in the Shanghai FTZ (which will be in principle regarded as “overseas capital”) will be “separated” from other domestic accounts. Through this system, the central bank will be able to supervise the capital activities of all marked accounts. However, Anbound's research team believes that it is very difficult to differentiate FTZ capitals from non-FTZ capitals. What’s more, if the financial reform is only experimented in the FTZ, it will tend to create a double-track system in which a large amount of capitals will pour into the FTZ.