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Shanghai stock exchange plans to launch global trading platform in FTZ

AN international trading platform of the Shanghai Stock Exchange is likely to start operation in the city’s pilot free trade zone this year, the chairman of the bourse said yesterday.

“The planned platform will provide a gateway for foreign investors to tap Chinese market,” Gui Minjie, chairman of the Shanghai Stock Exchange, said on the sideline of the annual session of the nation's top political advisory body.

It will also offer fundraising services to the zone-based enterprises as well as services to foreign investment institutions, Gui said.

Launched in 2013, Shanghai free trade zone is a stepping stone for China’s financial market opening.

Domestic financial market operators including China Foreign Exchange Trading Center, China Financial Futures Exchange and Shanghai Clearing House are also planning to set up trading platforms in the zone.

Shanghai is also aiming to set up eight international trading platforms for commodities in the zone by 2015 as part of an effort to build the city into a global trading center.




 

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