The China Securities Regulatory Commission (CSRC), which supervises the securities and commodities futures markets, has approved the Shanghai Stock Exchange to set up a platform to trade international financial assets in the FTZ as part of government policy to support the zone.
The regulator has also pushed Chinese brokerages and fund asset management firms to set up branches in the zone, with about a dozen of such subsidiaries having now been established there.
Cao Yan Wen, deputy director of the FTZ fiscal and financial services bureau, said the FTZs planned outbound stock investment scheme would be wider in scope than the Shanghai-Hong Kong cross-border stock investment scheme.
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