Qianhai considering international board

Qianhai, a major financial center in Shenzhen, is considering setting up an international board to further enhance its capabilities as a trade financing center and in renminbi internationalization.

The international board plan follows similar plans envisaged by Shanghai some five years ago, said experts.

Tian Fu, director of the administrative committee of the Qianhai and Shekou Area in the China (Guangdong) Pilot Free Trade Zone, said the administration will explore the possibilities for an offshore securities exchange (named international board or Silk Road board), primarily to support the listing plans of companies on the Belt and Road, referring to the Silk Road Economic Belt and the 21st Century Maritime Silk Road.