16 February 2019

CASS economist queries Shanghai FTZ capital rules, paper says

It’s unclear how foreign and domestic funds will be separated in the planned free flow of capital in Shanghai’s new free-trade zone, Economic Daily News reported Friday, citing Yu Yongding, an economist with the Chinese Academy of Social Sciences, as saying. At a forum in Germany on Wednesday, Yu, who is a former member of the Chinese central bank’s monetary committee, said there is concern that foreign funds may try to use the zone to expand on the mainland, the report said. He said there must be clear rules to help the zone achieve its goals as a national showcase.

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