In the past three years, Shanghai Pilot Free Trade Zone has taken a series of reforms on cross-border investment and financing, including implementing filing system of cross-border investment and financing, establishing split accounting management system, promoting RMB cross-border use and improving the degree of capital account convertibility. These measures have greatly improved the legal environment of cross-border capital flows and practically respected the autonomy of enterprises.
References
[1]
Du, P. (2011). The Current Situation and Characteristic of Cross-border Fund Flow in China. Journal of Shanghai Finance. 6, 11-12.
[2]
Luo, H. B. (2008) Mechanism of International Financial Capital Movement. Dissertation for Doctor Degree, 175-177.
[3]
People’s Bank of China (2014) Recommendation on Financial Support to the Construction of the Free Trade Zone of China (Shanghai). http://www.pbc.gov.cn/redianzhuanti/118742/118666/119015/119759/826333/index.html
[4]
People’s Bank of China (2014) The Rules for Implementation on Split Accounting Businesses of China (Shanghai) Pilot Free Trade Zone.
http://www.china-shftz.gov.cn/PublicInformation.aspx?GID=54ceb30e-f6ab-4daf-9fdd-d87fec9f5f2e&CID=953a259a-1544-4d72-be6a-264677089690&MenuType=1&navType=1
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People’s Bank of China (2015) Program to Further Promote Pilot Financial Open Innovation in SFTZ and Speed up the Construction of Shanghai International Financial Centre.
http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/2970998/index.html
[6]
People’s Bank of China (2015) The Rules of Prudential Management on the Risk of Split Accounting Businesses of China (Shanghai) Pilot Free Trade Zone.
http://www.china-shftz.gov.cn/PublicInformation.aspx?GID=55920a24-96e3-485a-b064- 4acaccba8a8e&CID=953a259a-1544-4d72-be6a-264677089690&MenuType=1&navType=1
[7]
Shang, R. (2014) The Establishment of Free Trade Account system in Shanghai FTZ: A New breakthrough of FTZ Policy. Journal of Shanghai Finance, 8, 4-5.
[8]
Shanghai (2013) Pilot Free Trade Zone Overall Program. http://www.gov.cn/zwgk/2013-09/27/content_2496147.htm
[9]
Yin, L. S. (2014) Thinking of Speeding-Up ＲMB Cross-Border Service and Opening Capital Account in Shanghai FTA. Journal of Scientific Development, 70, 19-20.
