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China Daily Website

China backs building of financial opening-up zone

Updated: 2012-06-29 15:11
( Xinhua)

HONG KONG - Zhang Xiaoqiang, deputy minister in charge of the National Development and Reform Commission, said in Hong Kong that China supports the establishment of a financial opening-up pilot zone in Qianhai of Shenzhen, a southern China boomtown near Hong Kong.

Eight specific measures will be adopted to prop up the ambitious plan, including building a cross-border renminbi business zone on a trial basis and exploring cross-border loan, Zhang said.