Shanghai finance sector poised for more opening-up

Policies cover extensive range of activities to widen market access

Local administrators in Shanghai said they are planning to roll out more projects responding to the central government's financial opening-up policies later this year, especially in the China (Shanghai) Pilot Free Trade Zone. The new projects follow 23 previously announced policies in the past two months.

Zhang Hong, director of the financial bureau at the Shanghai FTZ, said the opening-up projects will cover banking, securities, funds, insurance, credit ratings and third-party payments, especially within the FTZ.