In the News: 6 New FTZs; Fintech Development Plan; Corporate Social Credit; and Shenzhen's Relaxed Forex Rules

China announces six new FTZs targeting poorer regions and Belt and Road cooperation; central bank unveils three-year fintech development plan to accelerate innovation while curbing risks; new report warns foreign companies about corporate social credit's potential impact; and SAFE relaxes foreign currency conversion requirements across Shenzhen

8 minute readSeptember 02, 2019 at 02:16 AM

Vincent Chow

In the News: 6 New FTZs; Fintech Development Plan; Corporate Social Credit; and Shenzhen's Relaxed Forex Rules

China to launch six new FTZs targeting poorer border regions

China will launch six new pilot free-trade zones (FTZs) in the provinces of Shandong, Jiangsu, Guangxi, Hebei, Yunnan and Heilongjiang, the State Council announced.

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