26 July 2018
Shanghai FTZ Looks to Upgrade Financial Services Offer
To further open-up the financial sector and to maintain Shanghai’s lead role within it, the Shanghai Free Trade Zone (FTZ) Administrative Committee recently introduced 25 measures, across six key sectors, intended to refine the current level of related services and incentives on offer within the FTZ.
Highlighted in the recently-circulated Opinions of the China (Shanghai) Pilot FTZ on Further Opening Up the Financial Services Industry and Further Creating New Advantages for Development and Opening Up, these measures include incentives for attracting a larger cluster of overseas financial institutions, the development of a mechanism for assisting foreign financial institutions looking to establish a mainland presence, a deepening of the ongoing programme of financial reform and innovation, the establishment of a financial services innovation centre, the creation a platform for attracting and nurturing high-calibre financial personnel and the maintenance of a legally-regulated financial services environment in line with international best practice.
For further details (in Chinese), please visit the following link: