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China’s central bank has lifted controls on foreign currency deposit rates in Shanghai, opening up rate competition beyond the walls of the FTZ.
India’s newly-launched electronic export data system is set up to detect and prevent fraud. It will also have the effect of speeding up payment times.
Baoxin Auto has greatly increased its liquidity through non-quota based renminbi two-way cross-border sweeping in the Shanghai free trade zone (FTZ).
Citic Bank argues China’s interest rate liberalisation is making it easier for small and medium-sized companies to raise funds, and it will only get easier.