FTZ needs predictable reforms

Concerted efforts from all stakeholders are vital for continued success of financial experiment

President Xi Jinping, in a recent visit to Shanghai, again urged the city to push the envelope in exploring a transplantable path for financial reform through experiments in its pilot free trade zone and stressed risk prevention as the "baseline" for reform.

This is the first time the State leader warned pathfinders not to make mistakes while blazing a trail.