The Central Bank Is Formulating The Financial Policy Rules Of Shanghai Free Trade Area.

Yesterday, when a central bank official attended a small academic activity as a scholar, a central bank official revealed that the Central Bank supported the Shanghai free trade zone's opinions on financial support for the construction of the free trade pilot zone in China (hereinafter referred to as < a href= "//www.sjfzxm.com/news /index_q.asp > > /a > >). Some articles have not yet landed due to the lack of implementation rules, and the central bank is actively promoting its implementation on the p a.

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< p > the above officials said that the general principles for the formulation of the financial policy of Shanghai free trade area are to try first, but it can be pplanted and duplicated.

Therefore, we must never engage in "policy depression", do not engage in "policy enclaves", and do not engage in offshore market.

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< p > "only the policies that are intended to be promoted throughout the country will be launched in the free trade area. No matter how advanced, open and creative the policy is, it will not be considered in the Shanghai free trade area if it can not be popularized in the future."

The official said.

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< p > according to the above officials, the State Council has approved the contents of the Shanghai free trade zone's financial policy for a long time. The reason why it was postponed until December 2, 2013 was to consider "timing" and to synchronously release the policy with IPO's restart. Because the former is good for the capital market and the latter is bad, the two can hedge each other.

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< p > when it comes to the financial reform of Shanghai free trade area, the officials stated that the order of interest rate in Shanghai Free Trade Zone < a href= "//www.sjfzxm.com/news/index_s.asp" > market < /a > is "first foreign currency after local currency, first loan after deposit".

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"P" earlier, the Central Bank of Shanghai headquarters announced that from March 1st the liberalization of Shanghai Free Trade Zone small foreign currency deposit interest rate ceiling, which means that the free trade zone and foreign currency deposit interest rate marketization will be completed.

The industry believes that this move has made China's interest rate marketization a step forward.

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< p > in addition, when talking about the financial reform policy making process of Shanghai free trade area, the officials said that the accounting system is the core of Shanghai free trade zone's financial policy, and the landing work of the system is accelerating.

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< p > data show that the opinions are mainly managed through separate account management. Enterprises open free trade accounts, and financial institutions of enterprises in the trial area set up the accounting unit of trial ledger to meet the wider needs of foreign economic activities in the region.

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Residents in the experimental area can achieve separate account management by setting up the foreign currency free trade account. Non residents can open non resident free trade accounts of foreign currencies in the pilot area, and enjoy relevant financial services according to the principle of national treatment before admission. P

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< p > Shanghai Pudong international a href= "//www.sjfzxm.com/news/index_cj.asp" > Finance < /a > society consultant Zhang Yong has analyzed before: this part of the clause is the highest gold content in the opinion, the core is accounting management, offshore freedom, two-way interoperability and limited penetration.

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