China Inaugurates Shanghai Trade Zone in Financial Reform Drive - Bloomberg

China Inaugurates Shanghai Trade Zone in Financial Reform Drive - Bloomberg: "ree trade zone companies and financial institutions will be allowed to invest in Shanghai securities and futures markets, while qualified overseas individuals in the zone may open accounts to trade local securities, Dai said. Overseas parents of companies registered in the zone will be able to issue yuan-denominated bonds in China.
Li didn’t attend yesterday’s ceremony, and his absence may indicate that the government is trying to counter hype surrounding the zone, said Chan Yan Chong, an adjunct professor of management at City University of Hong Kong."

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