Comment | Jane Wang

The Shanghai Free Trade Zone is expected to usher in pilot reforms of China's financial sector, and promote the development of its financial markets, thus further opening up the country to international financial markets. The FTZ will also serve as an attractive area for domestic and foreign companies to invest in.

It has been widely reported that economic reforms to be introduced in the FTZ will focus on gradually relaxing the convertibility of the yuan, among other financial innovations, as long as the attached risks are minimized.