Shanghai Free Trade Zone Financial Reform, Allowing Residents To Trade Independently

< p > 1, the design of the free trade account system is a bright spot. The opinions clearly put forward the way of accounting management through separate accounts, allowing residents to open free trade accounts for residents in the experimental area, and non residents open free trade accounts for non residents. The Shanghai regional financial institutions set up the accounting unit of trial accounts.

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Cheng Jun, general manager of the financial headquarters of Bank of China, said in an interview that in the cross-border capital supervision system, the free a href= "http://www.91se91.com/news/index_c.asp" > trade < /a > account was regarded as an offshore account to a large extent. P

Through the establishment of a free trade account system, a financial environment which is highly isolated from other domestic markets and is highly aligned with the international financial market is formed in the pilot area to serve the wider needs of foreign economic activities.

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< p > for enterprises, it is clear that the flow of funds between the residents' free trade account and the bank settlement account outside the territory is regarded as cross-border business management. The same free trade account between the residents and other bank settlement accounts can be pferred for funds due to regular business, repayment of loans, real estate < a href= "http://fz.sjfzxm.com/" > investment < /a > and other required cross border pactions. For financial institutions, the test ledger unit can enter the domestic inter-bank market for lending or repurchase pactions within a certain amount.

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< p > the design of the free trade account system creates a new path for deepening the reform of the financial system. Through the relevant policies of "second line control", we build a relatively independent financial experimental field which is relatively independent of the domestic market and effectively cut off the risks of the financial market in the foreign and regional areas.

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< p > 2, the breakthroughs under the capital account exceed the market expectations, allowing individuals to carry out various overseas investments, institutions < a href= "http://www.91se91.com/news/index_f.asp" > offshore financing < /a >, and allow financial institutions in the region to invest in Securities and futures trading in the Shanghai area; the overseas parent companies of the enterprises in the region can issue RMB bonds in the domestic capital market.

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Chen Bo, deputy director of the Shanghai free trade area research center, said in an interview with the media, "the breakthrough rate under the capital account is unexpected, especially the three aspects of personal cross-border investment, offshore financing, and the provision of financial services to all Shanghai financial institutions."

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< p > to facilitate personal cross border investment.

Individuals who are employed and qualified in the area may carry out various overseas investments including securities investment according to regulations, which means that individuals within the district can no longer be restricted by QDII and invest on their own.

Societe Generale Bank chief analyst Lu commissar pointed out.

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< p > chief economist Lu commissar of Xingye Bank believes that according to the contents of the "opinion", the first thing for mainland financial institutions to set up institutions in the free trade area is that they can carry out all kinds of overseas investments including securities. Secondly, they can integrate foreign currency funds from overseas to conduct overseas derivatives trading. < /p >