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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.
