CRI听力:Shanghai FTZ to Roll out Free Trade Account

It's being reported the new rules connected to a free trade accounting system in the Shanghai Free Trade Zone are going to be rolled out before the end of June.

The free trade account system will allow for full convertibility of the Chinese currency and will also allow offshore financing.

This is one of the various moves China's central bank, the PBOC, has been undertaking to try to ease restrictions on overseas investment by individuals, by allowing those working in the zone to open an account for overseas investment.

At the same time, the deputy director of the Shanghai FTZ administrative committee also says financial reforms in the zone are expected to be rolled out and tested so they can be applied elsewhere in China by September.

For more on this, we're joined live now Benjamin Cavender, Associate Principal at China Market Research Group.