Measures Introduced to Expand Chinese Free Trade Zone

Shenzhen, a major city outside Hong Kong, introduced nearly 40 measures to improve the Qianhai-Shekou Area of China’s Guangdong Free Trade Zone, including “boosting trade facilitation,” according to an Aug. 13 report from the Hong Kong Trade Development Council. Changes include more “support” for “cross-border RMB business services,” referring to renminbi (RMB) as the currency, within the trade zone, the report said.