Date
18 October 2017

Qianhai special zone unveils new reform measures, paper says

Shenzhen’s Qianhai Special Financial Zone unveiled on Thursday 46 new reform measures that aim to establish a safe and highly efficient financial system that will help trade liberalization with Guangdong, Hong Kong and Macau, Shanghai Securities News reported Friday. He Longde, chief of the Qianhai administration’s strategic development bureau, was quoted as saying that 18 of the 46 measures are related to reforms in the financial field, covering cross-border financial business, free trade accounts, international trade settlement, and online finance, among others. According to the authority, Qianhai will become a law-based demonstration zone to attract more firms from Hong Kong and other places.

– Contact HKEJ digest@ejinsight.com

TL/AC/RC

 

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