Measures presented to further open Shanghai free-trade zone

The authorities in Shanghai presented a series of reform recommendations on Tuesday, to further open up the city's highly successful China (Shanghai) Pilot Free Trade Zone.

The new measures were in response to 40 general guidelines announced on October 30 by China's top leadership, to strengthen financial reforms and piloted programs at the zone.

Tu Guangshao, Shanghai's deputy mayor, told a news conference that the latest plans include the further expansion of the zone's free trade account to allow more organizations to take part in overseas trade and investment activities, especially with countries that China has signed new free trade agreements.