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Tuesday, December 03, 2013
Shanghai FTZ Ready to Make Financial Innovations
ANBOUND

The central bank has finally announced its financial support "opinion" towards Free Trade Zone, thus Shanghai FTZ now has a clear cut boundary on the degree of financial innovation. ANBOUND think tank scholars believe that the “opinion” is rather conservative and highly focuses on risk management and control. Since the central bank opts for slower development to minimize risks, Shanghai FTZ might only achieve greater innovations upon the three-year experimental period ends.

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