© Khunaspix Dreamstime.
By Alex Lennane
Yesterday saw the opening of the much-heralded free trade zone in Shanghai, a symbol of China’s reform. Companies in the zone enjoy benefits such as a removal of the capital limit, so that leasing companies can set up ship and aircraft financing vehicles, and a relaxation of the shareholding limit for foreign shipping lines. Fears that the zone could spell the end for rival Hong Kong seem overblown, however, according to this knowledgeable article.
Comment on this article